Mahanagar Gas' Q3 FY 2025-26 Quarterly Results
- 08 Feb 2026
Result Summary
- Mahanagar Gas Ltd reported a 0.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 10.6%.
- Its expenses for the quarter were down by 0.2% QoQ and up 12.4% YoY.
- The net profit increased 5.2% QoQ and decreased 9.1% YoY.
- The earnings per share (EPS) of Mahanagar Gas Ltd stood at 20.36 during Q3 FY 2025-26.
Financial Statments for Q3 FY 2025-26
Total Income | 2089.84 | 2079.42 | 1889.40 | 0.5% | 10.6% |
Total Expenses | 1818.11 | 1821.64 | 1617.18 | -0.2% | 12.4% |
Profit Before Tax | 271.73 | 257.78 | 272.22 | 5.4% | -0.2% |
Tax | 69.86 | 64.66 | 51.05 | 8.0% | 36.8% |
Profit After Tax | 201.10 | 191.25 | 221.17 | 5.2% | -9.1% |
Earnings Per Share | 20.36 | 19.37 | 22.39 | 5.1% | -9.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mahanagar Gas Ltd is a prominent player in the natural gas distribution industry in India. The company primarily focuses on supplying natural gas for domestic, commercial, and industrial use. It is known for providing Compressed Natural Gas (CNG) for vehicles and Piped Natural Gas (PNG) for households and businesses. As one of the leading natural gas distributors in India, Mahanagar Gas Ltd operates in a sector characterized by steady demand and regulatory oversight. Recent major developments are not specified in the available data, but the company typically engages in infrastructure expansion and service enhancement to cater to its growing customer base.
Revenue
In the third quarter of fiscal year 2026 (Q3FY26), Mahanagar Gas Ltd reported total income of ₹2089.84 crores, reflecting a slight quarter-over-quarter (QoQ) increase of 0.5% from ₹2079.42 crores in Q2FY26. The year-over-year (YoY) growth in total income was 10.6%, up from ₹1889.40 crores reported in the third quarter of fiscal year 2025 (Q3FY25). This growth indicates a consistent upward trend in revenue generation over the past year, attributable to sustained demand for natural gas services. The company's revenue performance demonstrates its stable market position and ability to capture increased market share or benefit from price adjustments.
Profitability
Mahanagar Gas Ltd's profit before tax for Q3FY26 was ₹271.73 crores, marking a 5.4% increase from the previous quarter (Q2FY26) but a marginal decline of 0.2% compared to the same quarter last year (Q3FY25). The tax expense for Q3FY26 was ₹69.86 crores, up 8.0% QoQ and 36.8% YoY, reflecting a substantial increase in tax liability. Profit after tax stood at ₹201.10 crores, with a QoQ rise of 5.2% but a YoY decline of 9.1% from ₹221.17 crores in Q3FY25. Earnings per share mirrored this trend, recorded at ₹20.36 for Q3FY26, showing a 5.1% increase from the previous quarter but a 9.1% decrease from the same quarter in the previous year.
Operating Metrics
The company's total expenses for Q3FY26 were ₹1818.11 crores, slightly down by 0.2% from ₹1821.64 crores in Q2FY26, but a YoY increase of 12.4% from ₹1617.18 crores in Q3FY25. This reflects effective cost management compared to the previous quarter, despite an overall increase in expenses over the year. The company's QoQ reduction in expenses may suggest adjustments in operational efficiencies or cost structures. However, the YoY increase in expenses indicates a rise in operational costs, which could be associated with expansion efforts, inflationary pressures, or other market dynamics.