Mahanagar Gas Limited (MGL) has released its investor presentation for the Earnings Conference Call covering the Q1 FY27 financial results and operational performance. The presentation, made available on July 31, 2026, details the unaudited standalone and consolidated financial outcomes. Key highlights include revenues of ₹2,371.71 crore for Q1 FY27, a notable increase from the previous year.
Mahanagar Gas Presents Q1 FY27 Financials and Performance
Mahanagar Gas Limited (MGL) has formally submitted its investor presentation in connection with its Earnings Conference Call for the first quarter of the financial year 2026-27 (Q1 FY27). The document, dated July 31, 2026, outlines the company’s unaudited standalone and consolidated financial results and operational performance for the quarter ended June 30, 2026.
Key Financial Highlights (Q1 FY27 vs. Q1 FY26)
The company reported robust revenue figures, with total revenues reaching ₹2,371.71 crore in Q1 FY27, a significant increase of 13.95% compared to ₹2,081.38 crore in the same period of the previous fiscal year (Q1 FY26). However, Gross Profit saw a decrease of 17.16% year-on-year, falling to ₹639.24 crore from ₹771.67 crore. EBITDA experienced a substantial decline of 31.50%, from ₹500.71 crore in Q1 FY26 to ₹342.98 crore in Q1 FY27. Consequently, EBIDTA Margins contracted to 14.46% from 24.06% in the prior year. Profit Before Tax (PBT) decreased by 40.06% to ₹259.07 crore, and Profit After Tax (PAT) also fell by 39.39% to ₹193.70 crore.
Quarter-on-Quarter Performance (Q1 FY27 vs. Q4 FY26)
On a quarter-on-quarter basis, revenues for Q1 FY27 increased by 15.62% to ₹2,371.71 crore, up from ₹2,051.22 crore in Q4 FY26. Gross Profit also improved by 12.10% to ₹639.24 crore. EBITDA showed a significant uplift of 31.74%, reaching ₹342.98 crore from ₹260.34 crore. EBIDTA Margins improved to 14.46% from 12.69% in the preceding quarter. PBT surged by 45.15% to ₹259.07 crore, and PAT saw a considerable increase of 46.83% to ₹193.70 crore.
Balance Sheet Snapshot (As at March 31, 2026 vs. March 31, 2025)
Total Assets grew to ₹8,965 crore as of March 31, 2026, from ₹8,284 crore in the previous year. Non-current assets increased to ₹7,135 crore from ₹6,355 crore, driven by property, plant, and equipment additions. Current assets stood at ₹1,831 crore. On the liabilities side, total equity and liabilities amounted to ₹8,965 crore. Total Equity increased to ₹2,531 crore from ₹2,406 crore, while Total Liabilities were ₹6,434 crore.
Operational Metrics (INR/SCM)
Gas Sales Revenues (Net) in Q1 FY27 were ₹54.35/SCM, up from ₹51.02/SCM in Q1 FY26 and ₹48.45/SCM in Q4 FY26. Gas Cost stood at ₹39.85/SCM in Q1 FY27. Gross Profit (Gas Sales Less Gas Cost) was ₹14.50/SCM in Q1 FY27, down from ₹18.82/SCM in Q1 FY26 but up from ₹13.35/SCM in Q4 FY26. EBIDTA was ₹7.91/SCM in Q1 FY27.
Volumes (MMSCMD)
CNG volumes for Q1 FY27 were 3.496 MMSCMD, an increase from 3.349 MMSCMD in Q4 FY26 and 3.185 MMSCMD in Q1 FY26. D-PNG volumes stood at 0.623 MMSCMD in Q1 FY27. Industrial and Commercial volumes were 0.648 MMSCMD in Q1 FY27. Total volumes reached 4.766 MMSCMD in Q1 FY27.
Source: BSE
