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Mahanagar Gas Limited Q1 FY27 earnings call summary

NSE: MGL · BSE: 539957

Earnings call of 31 Jul 2026, summarised by AI from the filing.

MGL Q1 FY27 EBITDA ₹343 cr, PAT ₹194 cr; guides CNG volume growth 8-9% for FY27 and capex ₹1,500-1,800 cr.

Key takeaways

  1. Guidance CNG volume growth 8-9% for FY27 if prices maintained; EBITDA margin ₹8-9/scm long term.
  2. Change Capex raised to ₹1,500-1,800 cr for FY27 from earlier guidance.
  3. Risk West Asia conflict impacts gas availability and pricing; margin under pressure for 1-2 months.

Original filing on BSE

Mahanagar Gas Limited Q1 FY27 results

As filed: Revenue ₹2,599 cr (+14% year on year), EBITDA ₹343 cr (−32% year on year), PAT ₹193 cr (−39% year on year), EBITDA margin 13.2% (−876 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹2,259 cr (+5% year on year), EBITDA ₹260 cr (−34% year on year), PAT ₹130 cr (−48% year on year), EBITDA margin 11.5% (−685 bps). Score 17 of 100, Below trend. Revenue, EBITDA and profit growth were well below the company's own trend. EBITDA margin fell 685 bps year on year. Profit fell 36% from last quarter. Revenue rose ₹107 cr on a year ago, against ₹381 cr the year before. Share price after the results: −7.7% in 29 days (Nifty 500: −3.2%).
  • Q3 FY26: Revenue ₹2,268 cr (+12% year on year), EBITDA ₹352 cr (+9% year on year), PAT ₹201 cr (−9% year on year), EBITDA margin 15.5% (−42 bps). Score 51 of 100, In line with trend. Revenue growth was well below the company's own trend; EBITDA growth was above it; profit growth was below it. EBITDA margin fell 42 bps year on year. Revenue rose ₹236 cr on a year ago, against ₹308 cr the year before. Share price after the results: −9.6% in 30 days (Nifty 500: −5.9%).
  • Q2 FY26: Revenue ₹2,256 cr (+15% year on year), EBITDA ₹338 cr (−18% year on year), PAT ₹191 cr (−33% year on year), EBITDA margin 15.0% (−606 bps). Score 27 of 100, Below trend. EBITDA margin fell 606 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 40% from last quarter. Share price after the results: −7.4% in 30 days (Nifty 500: −0.1%).
  • Q1 FY26: Revenue ₹2,282 cr (+25% year on year), EBITDA ₹501 cr (+15% year on year), PAT ₹318 cr (+10% year on year), EBITDA margin 22.0% (−184 bps). Score 55 of 100, In line with trend. EBITDA margin fell 184 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −12.0% in 30 days (Nifty 500: −1.0%).
  • Q4 FY25: Revenue ₹2,152 cr (+22% year on year), EBITDA ₹395 cr (0% year on year), PAT ₹247 cr (−2% year on year), EBITDA margin 18.4% (−401 bps). Score 41 of 100, In line with trend. EBITDA margin fell 401 bps year on year. Not enough history for a trend yet: scored on growth alone. Share price after the results: −5.1% in 30 days (Nifty 500: +4.5%).
  • Q3 FY25: Revenue ₹2,032 cr (+18% year on year), EBITDA ₹324 cr (−28% year on year), PAT ₹221 cr (−30% year on year), EBITDA margin 15.9% (−1,000 bps). Score 28 of 100, Below trend. EBITDA margin fell 1000 bps year on year. Not enough history for a trend yet: scored on growth alone. Profit fell 22% from last quarter.
  • Q2 FY25: Revenue ₹1,877 cr (+9% year on year), EBITDA ₹398 cr (−17% year on year), PAT ₹283 cr (−17% year on year), EBITDA margin 21.2% (−644 bps). Score 25 of 100, Below trend. EBITDA margin fell 644 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Mahanagar Gas Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.