Mahanagar Gas Limited (MGL) has announced its unaudited standalone financial results for the quarter ended June 30, 2026. The company reported a significant 46.83% increase in net profit to ₹193.70 crore, compared to ₹131.92 crore in the corresponding quarter of the previous year. Revenue from operations also saw a notable rise.
Mahanagar Gas Reports Strong Q1 Standalone Performance
Mahanagar Gas Limited (MGL) has declared its unaudited standalone financial results for the quarter ended June 30, 2026. The company demonstrated robust growth, with its profit after tax showing a substantial increase.
Key Financial Highlights (Standalone)
- Profit After Tax: ₹193.70 crore for Q1 FY27, an increase of 46.83% from ₹131.92 crore in Q1 FY26.
- Total Income: ₹2,628.26 crore for Q1 FY27, compared to ₹2,312.37 crore in the prior year’s quarter.
- Total Expenses: ₹2,369.19 crore for Q1 FY27.
- Earnings Per Share (EPS): Basic and Diluted EPS stood at ₹19.61 for Q1 FY27, up from ₹13.35 in Q1 FY26.
Operational Performance
The company’s performance reflects strong operational execution and favorable market conditions. Sales volumes for CNG and PNG showed positive trends, contributing to the overall revenue growth. The detailed performance breakdown indicates increased sales volumes across key segments, driving higher revenue from operations.
Future Outlook
The financial results were reviewed by the Audit Committee and approved by the Board of Directors on July 30, 2026. The company remains focused on expanding its infrastructure and enhancing service delivery across its operating regions.
Note: The financial results are prepared in accordance with Indian Accounting Standards (Ind AS) and are subject to limited review by the independent auditor.
Source: BSE
