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Mahanagar Gas Limited (MGL) investor relations material
Mahanagar Gas Limited Q1 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Achieved 9.6% year-over-year growth in overall average gas sales volume for Q1 FY26, with CNG volumes up 7.5% and industrial/commercial volumes up 26.1%.
Revenue from operations grew 23.8% year-over-year to ₹2,159.72 crore, with net profit rising 13.98% to ₹324.32 crore on a standalone basis.
Expanded infrastructure to 7,539 km of pipeline and 385 CNG stations, with over 1.1 million CNG vehicles and 5,161 industrial/commercial customers.
NCLT approved amalgamation of Unison Enviro Private Limited (UEPL), with Q2 to reflect consolidated results.
Board approved unaudited financial results, with auditors issuing unqualified review reports.
Financial highlights
Standalone EBITDA for Q1 FY26 was ₹485.36 crore, up 15.98% year-over-year and 28% sequentially; margin at 24.56%.
Net profit after tax for the quarter was ₹324 crore, a 29% increase from the previous quarter.
Total sales volumes grew 9.61% year-over-year to 384.86 million SCM.
Gross profit improved 17.4% year-over-year to ₹739.55 crore.
Consolidated revenue reached ₹2,282.07 crore, with consolidated net profit at ₹317.79 crore.
Outlook and guidance
High single-digit volume growth expected for FY26, with Q1 already showing 9.6% year-over-year growth.
CapEx guidance for core business and UEPL is ₹1,100–1,300 crore over the next two years, with additional investments in JV and CBG projects.
Targeting addition of 80 new CNG stations in FY26.
Focus on expanding infrastructure and customer base, leveraging cost-effective and environmentally friendly CNG/PNG solutions.
Legal and regulatory matters are being actively managed, with no expected material outflow from ongoing disputes.
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