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Mahanagar Gas Ltd

Mahanagar Gas Ltd

MGL | 539957

₹1126.3

+3.60 (0.32%)

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    Performance

    Historical price movement and trading activity

    Trading Data

    Today's High1128.1
    Today's Low1105
    Open1124.9
    Previous Close1114.4
    Volume87081
    Total Traded Value High97291527.2

    Overview

    Mahanagar Gas Limited (MGL) is one of the largest city gas distribution (CGD) companies in India. MGL is the sole authorized distributor of Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) in Mumbai, Thane urban and adjoining municipalities and the Raigad district in State of Maharashtra, India. The Company distributes CNG for use in motor vehicles and PNG for domestic household as well as for commercial and industrial use. MGL distributes natural gas through an extensive CGD network of pipelines. Mahanagar Gas Limited (MGL) was incorporated in 1995, as a joint venture between the Gas Authority of India Limited (GAIL), the BG Group UK (formerly British Gas), and the Government of Maharashtra. During the year 2002-2003, the company expanded the Compressed Natural Gas (CNG) distribution network across the city of Mumbai and in the same year, the company set up additional 45 CNG outlets. During the same year, the company increased the compression capacity and dispensing to the level of 392,000 Kgs/per day and 192 Nos from 152,000 Kgs/per day 78 Nos respectively. During the same year, the company completed the construction work of MGL house at Bandra- Kurla Complex and modernization of operational office at City Gate Station at Sion. During the year 2004-2005, the company the set up a dedicated in- house call center to provide a 'single window' to consumers for redressal of their complaints and to resolve their queries. During the year 2005-2006, the company laid 2062 Kms of PE and Steel pipelines. It set up 122 CNG stations to meet the requirements of vehicular fuels, in which 8 CNG stations were set up in Thane and Mira Road. During the year 2006-2007, the company added 39,000 consumers, which includes around 100 commercial and industrial consumers. During the same year, the company commenced Thane-Vashi-Belapur (TVB) pipeline laying activities. In March 2007, the company commissioned PNG supply in South Mumbai. During the year 2007-2008, the company commenced CNG operations in the Navi Mumbai municipal area by opening a daughter-booster CNG station. During the same year, the company increased MGL's share of gas allocation from 1.37 MMSCMD to 1.62 MMSCMD and in the same year, the company supplemental agreement signed with B.E.S.T. for supplying CNG to their MIDI buses at CNG outlets other than B.E.S.T. depots. During the year 2008-2009, the company executed the Memorandum of Understanding between MGL and MSRTC for a period of 20 years for setting up CNG facility at MSRTC Kurla depot. During the same year, the company signed with NMMT Sale and Supply Agreement, valid for period of 20 years. During the year, the company completed laying 2,000 km of Polyethylene pipeline in Greater Mumbai Geographic Area 1 (GA 1). In 2010-11, Mahanagar Gas completed laying 200 km of steel pipeline in GA 1 in Greater Mumbai and achieved a customer base of 0.5 million domestic customers. In 2011-12, the company commissioned 150th CNG dispensing station. In 2012-13, the company completed laying more than 350 km of Polyethylene pipeline and 350 km of steel pipelines. In 2013-14, the company achieved a customer base of 1 million customers. Mahanagar Gas Limited (MGL) was listed on the bourses on 1 July 2016. The stock debuted at Rs 540 on BSE, a 28.26% premium to issue price of Rs 421.On 1 January 2017, Mahanagar Gas Limited (MGL) in association with M/s Eco Fuel (Indian Partners of Lovato, Italy) launched CNG fueled two-wheelers in Mumbai. On 24 April 2017, Mahanagar Gas Limited announced that it has crossed the 200th CNG station mark in Mumbai Metropolitan Region. On 18 May 2017, Mahanagar Gas Limited started commercial operations of CNG filling station in Raigad district in Maharashtra. On 5 June 2017, Mahanagar Gas Limited opened Piped Natural Gas (PNG) supply in Uran, Maharashtra. During 2017-18, the Company added 20 new CNG stations and upgraded 14 existing stations, which led to an increase in compression capacity by around 3.45 lakhs kg per day. It expanded its network in Raigad by operating about 5 CNG stations. It commissioned the high capacity composite cylinder Type-3 cascade for CNG transport vehicles. As of March 31, 2017, it had a supply network of over 4,838 kms of pipelines, including approximately 4,417 kms of polyethylene (medium and low pressure) pipelines and 421 kms of steel pipelines. As at March 31, 2017, it supplied CNG to over 5,45,505 vehicles through network of 203 CNG filling stations. It also provided PNG connections to over 9,48,892 domestic households, over 3,218 commercial and 62 industrial consumers in Mumbai and its adjoining areas. The stake of BG Asia Pacific Holdings Pte Limited (one of the promoter of the Company) reduced to 24% through sale of shares by them in April, 2018. During the year 2018-19, BG Asia Pacific Holdings Pte. Limited, one of the Promoter of Company sold its partial stake in the Company in two tranches viz. 8.50% on April 11, 2018 and 14% on August 23, 2018 and thereby reduced its stake from 32.50% to 10% as at the end of Financial Year 2018-19. The Company commenced construction of gas pipeline of about 13,500 km length across the country in 2018-19. As of March 31, 2019, it had a supply network of over 436.65 kms of steel pipelines, over 4,873.223 kms of polyethylene pipeline and over 236 CNG filling stations having more than 1,382 dispensing points. The Company expanded its network in Raigad by operating 10 CNG stations. It added 18 new CNG stations and upgraded 33 existing stations, which led to an increase in compression capacity by around 3.176 lakhs kg per day. As of March 31, 2020, the Company had a supply network of over 476 kms of steel pipelines, over 5154 kms of polyethylene pipeline and 256 CNG filling stations with more than 1511 dispensing points. It expanded its network in Raigad with 14 CNG stations. In 2020-21, the Company expanded its network in Raigad by opening 18 CNG stations. In 2021-22, it introduced 24 new CNG stations and upgraded 26 CNG stations. It installed 305 kms of steel and PE pipelines. It commissioned an Electric Vehicle (EV) charging facility at the CNG station at CGS, Sion on 9th February 2022. It commenced gas supply of 6000 MMBTUD from 16th December 2021. It commissioned the first Online CNG station in GA-III - for M/s. Sarveshwari Petroleum, Somatane (HPCL); commissioned First Composite Dispensing Unit in India- M/s. Trimurti Pump & Service Station, Ajivali (HPCL). It expanded the network in Raigad with 23 CNG stations. In 2022-23, the Company commissioned First City Gate Station (CGS) at Savroli in Raigad, Maharashtra. Gas pipeline 314 Km was added in FY 2023. In 2024, Company has commissioned 36 new CNG stations. It acquired 100% equity shares of Unison Enviro Private Limited (UEPL), making it a wholly owned subsidiary in 2024. The Company, along with its new wholly owned subsidiary, Unison Enviro Private Limited has established a new national benchmark by connecting a record-breaking 3,30,330 domestic PNG consumers in 2023-24. The Company also incorporated a Joint Venture Company with Baidyanath LNG Private Limited, i.e. Mahanagar LNG Private Limited to carry out business of Liquefied Natural Gas (LNG) in India. Further, it acquired ~31% shareholding in 3EV Industries Pvt Ltd (3ev) and 19% shareholding as on March 31, 2024. MGL entered into Battery Cell manufacturing by forming a Joint Venture (JV) with International Battery Company Inc., USA in FY 2025. Through its JV Mahanagar LNG Pvt. Ltd. (MLPL), MGL commissioned its first LNG station in Aurangabad. It further commissioned 40 new CNG stations to enhance public access to cleaner fuels and extended PNG connections to approximately 0.34 million households.

    Sector & Industry

    Gas Distribution

    Listing Exchange

    National Stock Exchange (NSE)

    Bombay Stock Exchange (BSE)

    Fundamentals

    Financial strength and ownership structure

    Valuation & Ratios

    Market Capitalisation₹13,695.54
    Price to Book (PB)2.33
    Price to Earnings (PE)13.16
    Return on Equity (ROE)18.89%
    Earnings Per Share (EPS)105.33
    Dividend Yield2.16%

    Financial Performance

    1537.79
    1570.93
    1568.76
    1612.61
    1665.76
    1786.25
    1847.41
    1964.38
    2083.01
    2050.40
    2060.24
    2052.05
    Jun
    '23
    Sep
    '23
    Dec
    '23
    Mar
    '24
    Jun
    '24
    Sep
    '24
    Dec
    '24
    Mar
    '25
    Jun
    '25
    Sep
    '25
    Dec
    '25
    Mar
    '26

    Shareholding Pattern

    32.50%
    32.50%
    32.50%
    32.50%
    Jun
    '25
    Sep
    '25
    Dec
    '25
    Mar
    '26

    Technicals

    Price-based indicators and levels

    Indicators

    INDICATORVALUESIGNAL
    Relative Strength Index (RSI)+48.14Neutral
    MACD+0.76Bullish

    Support and Resistance Levels

    R31141.47
    R21136.03
    R11131.17
    S11120.87
    S21115.43
    S31110.57

    Moving Averages

    PERIODSMAEMA
    20D Moving Average1158.581147.03
    50D Moving Average1120.841124.59
    200D Moving Average1143.701161.20

    News

    Hot Pursuit

    Mahanagar Gas Ltd up for fifth session

    18 Jun 2026

    Mahanagar Gas Ltd is quoting at Rs 1210.3, up 0.12% on the day as on 12:44 IST on the NSE. The stock is down 13.08% in last one year as compared to a 2.73% spurt in NIFTY and a 14.16% spurt in the Nifty Energy.

    Mahanagar Gas Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1210.3, up 0.12% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 24117.25. The Sensex is at 77266.23, up 0.14%. Mahanagar Gas Ltd has risen around 14.24% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has risen around 1.77% in last one month and is currently quoting at 40238.45, up 0.08% on the day. The volume in the stock stood at 1.02 lakh shares today, compared to the daily average of 2.46 lakh shares in last one month. The PE of the stock is 14.1 based on TTM earnings ending March 26. Powered by Capital Market - Live News

    Mahanagar Gas Ltd spurts 2.14%, gains for third straight session

    16 Jun 2026

    Mahanagar Gas Ltd is quoting at Rs 1163.4, up 2.14% on the day as on 12:49 IST on the NSE. The stock is down 18.84% in last one year as compared to a 3.7% spurt in NIFTY and a 10.87% spurt in the Nifty Energy index.

    Mahanagar Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 1163.4, up 2.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.34% on the day, quoting at 23934.35. The Sensex is at 76624.33, up 0.47%. Mahanagar Gas Ltd has risen around 9.89% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has risen around 0.54% in last one month and is currently quoting at 39493.95, up 0.6% on the day. The volume in the stock stood at 2.65 lakh shares today, compared to the daily average of 2.09 lakh shares in last one month. The PE of the stock is 13.29 based on TTM earnings ending March 26. Powered by Capital Market - Live News

    Mahanagar Gas Ltd up for five straight sessions

    29 May 2026

    Mahanagar Gas Ltd is quoting at Rs 1106.5, up 0.3% on the day as on 12:44 IST on the NSE. The stock is down 16.5% in last one year as compared to a 3.64% gain in NIFTY and a 15.14% gain in the Nifty Energy.

    Mahanagar Gas Ltd rose for a fifth straight session today. The stock is quoting at Rs 1106.5, up 0.3% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.24% on the day, quoting at 23849.9. The Sensex is at 75777.13, down 0.12%. Mahanagar Gas Ltd has dropped around 2.57% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has dropped around 1.32% in last one month and is currently quoting at 41535.75, down 0.54% on the day. The volume in the stock stood at 2.46 lakh shares today, compared to the daily average of 2.06 lakh shares in last one month. The PE of the stock is 12.87 based on TTM earnings ending March 26. Powered by Capital Market - Live News

    Mahanagar Gas Ltd spurts 2.88%

    26 May 2026

    Mahanagar Gas Ltd is quoting at Rs 1105.9, up 2.88% on the day as on 12:49 IST on the NSE. The stock is down 17.14% in last one year as compared to a 3.34% spurt in NIFTY and a 14.07% spurt in the Nifty Energy index.

    Mahanagar Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 1105.9, up 2.88% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.14% on the day, quoting at 23997.6. The Sensex is at 76205, down 0.37%. Mahanagar Gas Ltd has dropped around 3.14% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has dropped around 1.07% in last one month and is currently quoting at 40578.8, up 0.87% on the day. The volume in the stock stood at 1.27 lakh shares today, compared to the daily average of 2.04 lakh shares in last one month. The PE of the stock is 12.53 based on TTM earnings ending March 26. Powered by Capital Market - Live News

    Mahanagar Gas slides as Q4 PAT slumps 46% YoY to Rs 132 cr

    8 May 2026

    Mahanagar Gas fell 2.23% to Rs 1,153.85 after the company's standalone net profit tanked 45.55% to Rs 131.92 crore in Q4 FY26 as against Rs 242.30 crore posted in Q4 FY25.

    Revenue from operations (excluding excise duty) surged by 4.51% YoY to Rs 2,051.22 crore for the quarter ended 31 March 2026. Profit before tax (PBT) stood at Rs 178.48 crore in the Q4 FY26 quarter, down 47.13% from Rs 337.59 crore recorded in the same period a year ago. EBITDA decreased by 7.58% YoY to Rs 1,451.07 crore during the period under review. The EBITDA margin for Q4 FY26 stood at 17.61%, compared to 21.62% in Q4 FY25. Total sales volume for the March 2026 quarter was 1,673.43 million standard cubic meters (SCM), up 8.25% YoY. During the same period, CNG sales volume reached 1,192.55 million SCM, reflecting a growth of 7.22% YoY, while PNG sales aggregated to 480.88 million SCM, up 10.88% YoY. The company has recommended a final dividend of Rs 18 per equity share of face value Rs 10 each for the financial year 2025-26, subject to approval by shareholders. This is in addition to an interim dividend of Rs 12 per share declared earlier on February 07, 2026. Accordingly, the total dividend for the financial year stands at Rs 30 per equity share. Mahanagar Gas is in the business of city gas distribution (CGD), presently distribution of natural gas for domestic industrial, commercial customers and CNG vehicles. Powered by Capital Market - Live News

    Mahanagar Gas Ltd soars 0.98%, gains for fifth straight session

    21 Apr 2026

    Mahanagar Gas Ltd is quoting at Rs 1148.95, up 0.98% on the day as on 12:44 IST on the NSE. The stock is down 14.48% in last one year as compared to a 1.59% jump in NIFTY and a 14.21% jump in the Nifty Energy.

    Mahanagar Gas Ltd is up for a fifth straight session today. The stock is quoting at Rs 1148.95, up 0.98% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.77% on the day, quoting at 24552.55. The Sensex is at 79171.6, up 0.83%. Mahanagar Gas Ltd has gained around 26.48% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has gained around 13.15% in last one month and is currently quoting at 39184.7, up 0.6% on the day. The volume in the stock stood at 1.06 lakh shares today, compared to the daily average of 4.65 lakh shares in last one month. The PE of the stock is 11.62 based on TTM earnings ending December 25.

    Mahanagar Gas Ltd soars 2.38%

    17 Apr 2026

    Mahanagar Gas Ltd is quoting at Rs 1117.7, up 2.38% on the day as on 12:49 IST on the NSE. The stock is down 13.6% in last one year as compared to a 0.61% spurt in NIFTY and a 11.61% spurt in the Nifty Energy index.

    Mahanagar Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 1117.7, up 2.38% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 24272.2. The Sensex is at 78203, up 0.27%. Mahanagar Gas Ltd has risen around 11.73% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has risen around 6.97% in last one month and is currently quoting at 38184.75, up 1.25% on the day. The volume in the stock stood at 2.94 lakh shares today, compared to the daily average of 5.25 lakh shares in last one month. The PE of the stock is 11.15 based on TTM earnings ending December 25.

    Mahanagar Gas Ltd up for third straight session

    10 Apr 2026

    Mahanagar Gas Ltd is quoting at Rs 1081.8, up 3.99% on the day as on 12:49 IST on the NSE. The stock is down 15.32% in last one year as compared to a 5.18% jump in NIFTY and a 14.97% jump in the Nifty Energy index.

    Mahanagar Gas Ltd gained for a third straight session today. The stock is quoting at Rs 1081.8, up 3.99% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.99% on the day, quoting at 24011.35. The Sensex is at 77413.31, up 1.02%. Mahanagar Gas Ltd has gained around 3.1% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has gained around 3.11% in last one month and is currently quoting at 36768.25, up 1.35% on the day. The volume in the stock stood at 2.83 lakh shares today, compared to the daily average of 5.93 lakh shares in last one month. The PE of the stock is 10.63 based on TTM earnings ending December 25.

    Mahanagar Gas Ltd soars 1.13%, Gains for third straight session

    6 Apr 2026

    Mahanagar Gas Ltd is quoting at Rs 963.95, up 1.13% on the day as on 12:49 IST on the NSE. The stock is down 26.15% in last one year as compared to a 2.69% gain in NIFTY and a 12.15% gain in the Nifty Energy index.

    Mahanagar Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 963.95, up 1.13% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.19% on the day, quoting at 22757. The Sensex is at 73408.47, up 0.12%. Mahanagar Gas Ltd has dropped around 7.52% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has dropped around 1.2% in last one month and is currently quoting at 35299.4, down 0.19% on the day. The volume in the stock stood at 1.28 lakh shares today, compared to the daily average of 6.1 lakh shares in last one month. The PE of the stock is 9.72 based on TTM earnings ending December 25.

    Mahanagar Gas Ltd up for third straight session

    27 Mar 2026

    Mahanagar Gas Ltd is quoting at Rs 957.5, up 1.96% on the day as on 12:49 IST on the NSE. The stock is down 30.96% in last one year as compared to a 2.39% jump in NIFTY and a 5.27% jump in the Nifty Energy index.

    Mahanagar Gas Ltd is up for a third straight session today. The stock is quoting at Rs 957.5, up 1.96% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.5% on the day, quoting at 22956.8. The Sensex is at 74072.48, down 1.6%. Mahanagar Gas Ltd has slipped around 20.69% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has slipped around 3.05% in last one month and is currently quoting at 35556.45, down 0.61% on the day. The volume in the stock stood at 4.46 lakh shares today, compared to the daily average of 6.33 lakh shares in last one month. The PE of the stock is 9.59 based on TTM earnings ending December 25. Powered by Capital Market - Live News

    Mahanagar Gas Ltd gains for third straight session

    12 Mar 2026

    Mahanagar Gas Ltd is quoting at Rs 1070, up 1.97% on the day as on 12:49 IST on the NSE. The stock is down 16.79% in last one year as compared to a 5.92% jump in NIFTY and a 16.88% jump in the Nifty Energy index.

    Mahanagar Gas Ltd is up for a third straight session today. The stock is quoting at Rs 1070, up 1.97% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.61% on the day, quoting at 23722.1. The Sensex is at 76393.47, down 0.61%. Mahanagar Gas Ltd has slipped around 3.35% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has slipped around 3.04% in last one month and is currently quoting at 36138.5, up 1.82% on the day. The volume in the stock stood at 9.54 lakh shares today, compared to the daily average of 3.21 lakh shares in last one month. The PE of the stock is 10.71 based on TTM earnings ending December 25. Powered by Capital Market - Live News

    Mahanagar Gas Ltd slips for fifth straight session

    9 Mar 2026

    Mahanagar Gas Ltd is quoting at Rs 1041, down 0.79% on the day as on 13:19 IST on the NSE. The stock in last one year as compared to a 6.25% in NIFTY and a 13.14% in the Nifty Energy index.

    Mahanagar Gas Ltd dropped for a fifth straight session today. The stock is quoting at Rs 1041, down 0.79% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 2.4% on the day, quoting at 23863.35. The Sensex is at 77131.01, down 2.27%.Mahanagar Gas Ltd has lost around 11.32% in last one month.Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has eased around 3.42% in last one month and is currently quoting at 36319.6, down 2.49% on the day. The volume in the stock stood at 3.69 lakh shares today, compared to the daily average of 2.92 lakh shares in last one month. The PE of the stock is 10.72 based on TTM earnings ending December 25. Powered by Capital Market - Live News

    Mahanagar Gas Ltd soars 0.34%, up for fifth straight session

    26 Feb 2026

    Mahanagar Gas Ltd is quoting at Rs 1205.1, up 0.34% on the day as on 12:44 IST on the NSE. The stock is down 8.1% in last one year as compared to a 12.93% spurt in NIFTY and a 20.9% spurt in the Nifty Energy.

    Mahanagar Gas Ltd gained for a fifth straight session today. The stock is quoting at Rs 1205.1, up 0.34% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is down around 0.09% on the day, quoting at 25459.95. The Sensex is at 82146.86, down 0.16%. Mahanagar Gas Ltd has risen around 17.16% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has risen around 11.34% in last one month and is currently quoting at 37118.6, down 0.13% on the day. The volume in the stock stood at 1.04 lakh shares today, compared to the daily average of 2.52 lakh shares in last one month. The PE of the stock is 12.26 based on TTM earnings ending December 25. Powered by Capital Market - Live News

    Mahanagar Gas Ltd spurts 2.48%, gains for third straight session

    24 Feb 2026

    Mahanagar Gas Ltd is quoting at Rs 1192, up 2.48% on the day as on 12:49 IST on the NSE. The stock is down 9.64% in last one year as compared to a 12.62% gain in NIFTY and a 18.2% gain in the Nifty Energy index.

    Mahanagar Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 1192, up 2.48% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.25% on the day, quoting at 25392.55. The Sensex is at 82144.81, down 1.38%. Mahanagar Gas Ltd has added around 15.89% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has added around 10.13% in last one month and is currently quoting at 36741.55, down 0.21% on the day. The volume in the stock stood at 3.71 lakh shares today, compared to the daily average of 2.41 lakh shares in last one month. The PE of the stock is 11.87 based on TTM earnings ending December 25. Powered by Capital Market - Live News

    Mahanagar Gas posts PAT of Rs 201 crore in Q3; clocks total volumes of 425.07 SCM million

    9 Feb 2026

    Mahanagar Gas has reported 10.4% fall in standalone net profit to Rs 201.97 crore despite a 17.1% increase in net revenue to Rs 2,058.28 crore in Q3 FY26 as compared with Q3 FY25.

    EBIDTA rose by 12% YoY to Rs 352.07 crore during the period under review. EBIDTA margin for Q3 FY26 was 17.10% as against 17.89%% in Q3 FY25. Total sales volume for the December'25 quarter was 425.07 SCM million, 12.3% YoY. For the period under review, CNG sales volume added up to 301.88 SCM million (up 12.4% YoY) and PNG sales aggregated to 123.19 SCM million (up 11.9% YoY). Mahanagar Gas is in the business of city gas distribution (CGD), presently distribution of natural gas for domestic industrial, commercial customers and CNG vehicles. The scrip rose 2.19% to currently trade at Rs 1178.60 on the BSE. Powered by Capital Market - Live News

    Mahanagar Gas Ltd spurts 1.58%, rises for third straight session

    4 Feb 2026

    Mahanagar Gas Ltd is quoting at Rs 1070, up 1.58% on the day as on 12:49 IST on the NSE. The stock is down 20.66% in last one year as compared to a 8.55% gain in NIFTY and a 8.81% gain in the Nifty Energy index.

    Mahanagar Gas Ltd rose for a third straight session today. The stock is quoting at Rs 1070, up 1.58% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.02% on the day, quoting at 25723.35. The Sensex is at 83606.72, down 0.16%. Mahanagar Gas Ltd has dropped around 4.55% in last one month. Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has dropped around 0.65% in last one month and is currently quoting at 35657.55, up 1.76% on the day. The volume in the stock stood at 63032 shares today, compared to the daily average of 2.77 lakh shares in last one month. The PE of the stock is 10.51 based on TTM earnings ending September 25. Powered by Capital Market - Live News

    Corporate News

    Board of Mahanagar Gas recommends final dividend

    8 May 2026

    Of Rs 18 per share

    Mahanagar Gas announced that the Board of Directors of the Company at its meeting held on 7 May 2026, inter alia, have recommended the final dividend of Rs 18 per equity Share (i.e. 180%) , subject to the approval of the shareholders.

    Mahanagar Gas to announce Quarterly Result

    5 May 2026

    On 7 May 2026

    Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 7 May 2026.

    Board of Mahanagar Gas recommends interim dividend

    7 Feb 2026

    Of Rs 12 per share

    Mahanagar Gas announced that the Board of Directors of the Company at its meeting held on 7 February 2026, inter alia, have recommended the interim dividend of Rs 12 per equity Share (i.e. 120%) , subject to the approval of the shareholders. Powered by Capital Market - Live News

    Mahanagar Gas to discuss results

    29 Jan 2026

    On 7 February 2026

    Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 7 February 2026. Powered by Capital Market - Live News

    Results - Announcements

    Mahanagar Gas consolidated net profit declines 47.40% in the March 2026 quarter

    8 May 2026

    Sales rise 4.46% to Rs 2052.05 crore

    Net profit of Mahanagar Gas declined 47.40% to Rs 129.94 crore in the quarter ended March 2026 as against Rs 247.04 crore during the previous quarter ended March 2025. Sales rose 4.46% to Rs 2052.05 crore in the quarter ended March 2026 as against Rs 1964.38 crore during the previous quarter ended March 2025. For the full year,net profit declined 19.14% to Rs 841.14 crore in the year ended March 2026 as against Rs 1040.27 crore during the previous year ended March 2025. Sales rose 13.52% to Rs 8245.70 crore in the year ended March 2026 as against Rs 7263.80 crore during the previous year ended March 2025. Particulars Quarter Ended Year Ended Mar. 2026 Mar. 2025 % Var. Mar. 2026 Mar. 2025 % Var. Sales 2052.05 1964.38 4 8245.70 7263.80 14 OPM % 12.59 20.06 - 17.53 21.60 - PBDT 282.59 432.00 -35 1544.47 1721.64 -10 PBT 176.33 339.48 -48 1134.59 1369.59 -17 NP 129.94 247.04 -47 841.14 1040.27 -19 Powered by Capital Market - Live News

    Mahanagar Gas consolidated net profit declines 9.08% in the December 2025 quarter

    7 Feb 2026

    Sales rise 11.52% to Rs 2060.24 crore

    Net profit of Mahanagar Gas declined 9.08% to Rs 201.15 crore in the quarter ended December 2025 as against Rs 221.24 crore during the previous quarter ended December 2024. Sales rose 11.52% to Rs 2060.24 crore in the quarter ended December 2025 as against Rs 1847.41 crore during the previous quarter ended December 2024. Particulars Quarter Ended Dec. 2025 Dec. 2024 % Var. Sales 2060.24 1847.41 12 OPM % 17.05 17.58 - PBDT 374.51 363.29 3 PBT 270.96 272.22 0 NP 201.15 221.24 -9 Powered by Capital Market - Live News