Mahanagar Gas' Q4 FY 2025-26 Quarterly Results

Result Summary

• Mahanagar Gas Ltd reported a 0.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Mar (Q4 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 3.7%.
• Its expenses for the quarter were up by 4.7% QoQ and 14.2% YoY.
• The net profit decreased 35.5% QoQ and decreased 47.5% YoY.
• The earnings per share (EPS) of Mahanagar Gas Ltd stood at 13.15 during Q4 FY 2025-26.

Financial Statments for Q4 FY 2025-26

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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 (MGL) is a prominent player in the natural gas distribution industry in India. The company primarily provides compressed natural gas (CNG) for vehicles and piped natural gas (PNG) for domestic, commercial, and industrial use. MGL operates within the urban gas distribution sector, primarily serving the Mumbai metropolitan region and adjoining areas. The company is known for its extensive network infrastructure, facilitating the supply of natural gas to various consumer segments. Recent developments in the industry include regulatory changes and infrastructure expansion initiatives aimed at increasing the reach of natural gas as a cleaner fuel alternative. However, specific recent developments related to Mahanagar Gas Ltd are not available in the provided data.

Revenue

In Q4FY26, Mahanagar Gas Ltd reported a total income of ₹2081.15 crores, a slight decrease of 0.4% compared to the previous quarter (Q3FY26) where the total income was ₹2089.84 crores. However, when compared to the same quarter in the previous year (Q4FY25), there was an increase of 3.7% from ₹2006.40 crores. This year-over-year growth in revenue indicates a positive trend in the company's performance over a longer period, notwithstanding the quarter-over-quarter decline. The fluctuations in total income may reflect the variability in market conditions or seasonal demand changes for natural gas services.

Profitability

The profitability metrics for Mahanagar Gas Ltd in Q4FY26 show a decline compared to both the previous quarter and the same quarter last year. The profit before tax (PBT) for Q4FY26 was ₹177.94 crores, marking a decrease of 34.5% from Q3FY26, where PBT was ₹271.73 crores. Year-over-year, the PBT fell by 47.7% from ₹340.34 crores in Q4FY25. The profit after tax (PAT) also followed a similar downward trend, standing at ₹129.62 crores in Q4FY26, down 35.5% from ₹201.10 crores in Q3FY26, and down 47.5% from ₹247.01 crores in Q4FY25. Earnings per share (EPS) were ₹13.15 in Q4FY26, which is a decrease of 35.4% from the previous quarter's ₹20.36 and a 47.4% decline from the ₹25.01 recorded in the same quarter last year. These figures reflect significant reductions in profitability metrics.

Operating Metrics

The operating metrics for Mahanagar Gas Ltd highlight a trend of increasing expenses, which have impacted the company's profitability. Total expenses in Q4FY26 were ₹1903.21 crores, representing an increase of 4.7% from ₹1818.11 crores in Q3FY26 and a 14.2% rise from ₹1666.06 crores in Q4FY25. These rising expenses have contributed to the decline in profit margins, as evidenced by the reduced profit before and after tax figures. The tax expense for Q4FY26 was ₹46.71 crores, which decreased by 33.1% from the previous quarter and 49.5% from the same quarter last year, in line with the reduced profitability. The company's operating performance, as reflected in the financial metrics, indicates a period of increased operational costs against a backdrop of stable revenue generation.