Mahanagar Gas Limited (MGL) announced robust financial performance for FY 2025-26, with revenue from operations increasing by 13.58% to ₹9,059.77 crore. The company also reported a strong EBITDA of ₹1,451.07 crore and a Profit After Tax of ₹846.82 crore. This performance was driven by continued expansion of its CGD network, strategic initiatives, and digital transformation efforts, underscoring the company’s resilience and growth trajectory.
Mahanagar Gas Announces Strong FY2025-26 Financials
Mahanagar Gas Limited (MGL) has reported a significant increase in its financial performance for the fiscal year ended March 31, 2026. The company’s revenue from operations saw a substantial rise of 13.58%, reaching ₹9,059.77 crore, up from ₹7,976.42 crore in the previous year. This growth reflects the company’s strong business fundamentals and its ability to navigate market volatilities.
Key Financial Highlights
The company’s EBITDA stood at ₹1,451.07 crore, demonstrating operational efficiency, although slightly lower than the previous year’s ₹1,570.05 crore. Profit After Tax (PAT) for the fiscal year was ₹846.82 crore, compared to ₹1,041.26 crore in the previous year. MGL maintained its consistent dividend track record, declaring a total dividend of ₹30 per equity share for FY 2025-26.
Operational and Strategic Achievements
MGL’s operational performance was marked by sustained growth across all customer segments, with average total gas sales volumes increasing by 8.25% to 4.59 MMSCMD. The CNG segment continued to be a key growth driver, with average volumes increasing by 7.21%. The company also achieved a significant milestone by commissioning its 500th CNG station at Chiplun in the Ratnagiri geographical area. Furthermore, the successful integration of four additional City Gate Stations (CGS) pursuant to the amalgamation of UEPL bolstered the overall CGS network.
Digital transformation efforts gained momentum, with the successful migration from SAP ECC to SAP S/4 HANA. MGL also became the first CGD company to implement RISE with SAP, strengthening business continuity and improving cost efficiency. These initiatives, coupled with a strong strategic vision and a commitment to stakeholder value, position MGL for continued growth and sustainable value creation.
Source: BSE
