Mahanagar Gas Ltd (NSE:MGL)

Q2 2026 Mahanagar Gas Ltd Earnings Call Transcript

Oct 30, 2025 / 10:00 AM GMT

Release Date Price: ₹1271.7 (-1.84%)

Transcript

Key Points

Positve

Mahanagar Gas Ltd (BOM:539957) reported a 9.22% increase in average gas sales volume compared to the previous year, indicating strong demand growth.
The company successfully connected 53,566 domestic households this quarter, expanding its customer base to nearly 2.94 million households.
Mahanagar Gas Ltd added 14 new CNG stations, bringing the total to 485 stations, enhancing its distribution network.
The company achieved a 3.11% increase in overall average sales volume from the previous quarter, demonstrating consistent growth.
Mahanagar Gas Ltd's amalgamation with Unison Enviro Private Limited is expected to bring tax benefits and operational efficiencies.

Negative

The company's EBITDA decreased from INR 501 crore in the previous quarter to INR 338 crore, indicating a decline in profitability.
Net profit after tax fell to INR 193 crore from INR 320 crore in the previous quarter, reflecting financial challenges.
Mahanagar Gas Ltd faced increased gas costs due to a reduction in APM and NWG allocations, impacting margins.
The exchange rate fluctuations contributed to higher costs, affecting the company's financial performance.
The company anticipates potential challenges in maintaining margins due to external factors like crude oil price movements and exchange rate volatility.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

MGAS.NS - Mahanagar Gas Ltd
Q2 2026 Mahanagar Gas Ltd Earnings Call
Oct 30, 2025 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Mahanagarga Q2F 526 earnings conference call. As a reminder, all the participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your touchtone phone.

Please note that this conference is being recorded.

I now hand the conference over to Mr. Yogesh Patel from Dollar Capital. Over to you.

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Unidentified_2 [2]
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Sir.

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