Mahanagar Gas Limited (MGL) has released its financial and operational performance for the fiscal year ended March 31, 2026. The company reported annual revenues of ₹8,240.21 crore and a profit after tax of ₹846.82 crore. With a network now spanning over 8,320 kms of pipeline and serving 3.21 million households, MGL continues to solidify its position as one of India’s leading city gas distribution companies, maintaining consistent growth despite market headwinds.
Financial Highlights for FY 2026
For the financial year 2025-26, Mahanagar Gas Limited achieved a total revenue of ₹8,240.21 crore, marking a 13.48% increase compared to the previous year. While the company’s EBITDA stood at ₹1,451.07 crore, the profit after tax reached ₹846.82 crore. The financial figures for the year reflect the strategic amalgamation with erstwhile UEPL, providing a restated baseline for year-over-year comparisons.
Operational Expansion and Infrastructure
MGL continues to scale its infrastructure footprint significantly. As of the end of FY 2026, the company operates over 8,320 kilometers of pipeline, supported by 518 CNG stations. The reach of the company’s services now covers 45,691 sq km, serving 4.79 million urban households and 3.21 million domestic PNG connections. The industrial and commercial segment also remains a key driver, with 5,924 active customers.
Volume and Market Position
The company maintains a strong competitive edge through a diversified sourcing strategy, leveraging both APM allocation and market-determined pricing. Total gas volume reached 4.585 MMSCMD in FY 2025-26. MGL’s commitment to clean energy is reflected in its customer base, which includes 1.28 million CNG-powered vehicles. With 30 years of consistent operational growth, MGL remains focused on maintaining its presence in key geographies across Maharashtra and Karnataka.
Source: BSE
