Mahanagar Gas Limited (MGL) announces its financial results and operational performance for Q2 FY26 (July-September 2025). The company is hosting an investor conference call on October 30, 2025, to discuss the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025.
Financial Performance Overview
Mahanagar Gas Limited (MGL) reported its financial results for the second quarter of FY26. Key financial highlights for the quarter include:
- Revenues: ₹2,049.33 Crore, a 14.73% increase YoY.
- Gross Profit: ₹624.59 Crore, a -5.45% decrease YoY.
- EBITDA: ₹337.95 Crore, a -18.27% decrease YoY.
- EBITDA Margin: 16.49%.
- PAT: ₹193.37 Crore, a -32.58% decrease YoY.
- EPS: ₹19.58, a -32.59% decrease YoY.
Operational Highlights
As of September 30, 2025, MGL’s operational network included:
- 8,062 Kms of pipeline with 485 CNG filing stations.
- 1.22 million CNG vehicles.
- 2.95 million PNG households.
Areas of Operation
MGL’s operations cover:
- Area of 45,691 sq km.
- 47,96,180 urban households.
Gas Sourcing
The Company’s sourcing strategy involves:
- Majority of sales from CNG and D-PNG.
- 100% APM allocation for D-PNG.
- APM allocation and market-determined price term & SPOT for CNG.
- Market-determined price for I&C.
Shareholding and Market Capitalisation
Key figures related to shareholding, dividend and market capitalization include:
- GAIL holding 32.5%
- Government of Maharashtra holding 10.0%
- FPIs/NRIs holding 24.20%
Source: BSE