Mahanagar Gas Ltd · NSE:MGL
Mahanagar Gas — Q1 FY2026 Earnings Presentation
18 slides from Mahanagar Gas's earnings presentation, Jul 23, 2025
Slide 1: Exchange filing cover letter for investor presentation
Ref: MGL/CS/SE/2025/631 Date: July 23, 2025 To, Head, Listing Compliance Department Head, Listing Compliance Department BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Bandra – Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip Code
Slide 2: Investor Presentation July 2025
INVESTOR PRESENTATION July - 2025
Slide 3: Safe Harbor
Safe Harbor This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward-looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being
Slide 4: MGL: An Introduction
MGL : An Introduction
Slide 5: One of the largest CGD Companies in India
One of the largest CGD Companies in India Consistent Track Record Secured Gas Availability Strong Customer Base > 30 years of consistent growth APM, HPHT, Term RLNG CNG 1.13mn + Vehicles PNG 2.85mn + households Infrastructure Exclusivity/Reach Commitment to HSE Robust Financials Over 7,539 Kms Pipel
Slide 6: Areas of Operation
Areas of Operation 45,691 47,96,180 Area (sq Km) Urban Households 471 690 7,284 CNG Stations Steel Pipeline PE Pipeline (No) Length (Km) Length (Km) 11,90,938 28,91,432 5,224 CNG Vehicles PNG Household Industrial Commercial (No) Connections Customers Existing MGL’s Geographical Area (GA) Newly Acqui
Slide 7: Infrastructure – MGL
Infrastructure – MGL Domestic Household Connections in ‘000 CNG Vehicles (‘000) & Stations (Nos.) 1,403 1,350 581 525 Cumulative Cumulative CNG Vehicles – 2,850 1,133 152 168 28 65 97 CNG Stations - 385 CNG Vehicles CNG Stations GA 1 GA 2 GA 3 GA 1 GA 2 GA 3 Pipeline (Steel & PE) in Km Industrial &
Slide 8: Infrastructure – UEPL
Infrastructure – UEPL Domestic Household Connections in ‘000 CNG Vehicles (‘000) & Stations (Nos.) 35 24 Cumulative 25 27 24 Cumulative 21 14 42 CNG Vehicles - 57 11 CNG Stations - 86 4 Ratnagiri Latur & Osmanabad Chitradurga & CNG Vehicles CNG Stations Davanagere Ratnagiri Latur & Osmanabad Chitrad
Slide 9: Operational & Financial Performance
Operational & Financial Performance
Slide 10: P/L Highlights - MGL
P/L Highlights - MGL ₹ Crore Particulars Q1 FY26 Q1 FY25 YoY Q4 FY25 QoQ Revenues 1,975.92 1,589.63 24.30% 1,864.85 5.96% Gross Profit 739.55 629.92 17.40% 651.57 13.50% EBITDA 485.36 418.48 15.98% 378.37 28.28% EBIDTA Margins 24.56% 26.33% - 20.29% - PBT 437.77 383.69 14.09% 339.08 29.11% PAT 324.3
Slide 11: Balance Sheet - MGL
Balance Sheet - MGL ₹ Crore As at As at As at As at 31st March 2025 31st March 2024 31st March 2025 31st March 2024 ASSETS EQUITY AND LIABILITIES Equity 5,889 5,143 Non-current Assets 6,313 5,365 Equity Share Capital 99 99 Property, Plant and Equipment 4,104 3,543 Other Equity` 5,790 5,044 Capital W
Slide 12: Financial Performance - MGL
Financial Performance - MGL ₹ Crore Revenues (Net) Gross Profit (Gas Sales Less Gas Cost) 24% 17.6% 11% 6% 13.6% 6% 1590 1865 1976 624 646 734 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 EBIDTA & Margins PAT 24.6% 26.3% 20.3% 418 378 485 285 252 324 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY2
Slide 13: Operational Metrics - MGL
Operational Metrics - MGL INR/SCM Revenues (Net) Gas Cost 45.27 49.41 51.34 27.24 32.01 32.00 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Gross Profit (Gas Sales Less Gas Cost) EBIDTA 17.94 17.26 19.22 11.92 10.02 12.61 Q1 FY25 Q4 FY25 Q1 FY26 Q1 FY25 Q4 FY25 Q1 FY26 Net Revenue (CY Q1 & PY Q4)
Slide 14: Volumes
Volumes MGL UEPL 4.194 4.229 0.207 0.225 3.858 0.002 0.670 0.679 0.167 0.003 0.539 0.547 0.590 0.569 0.002 0.189 0.204 0.157 2.772 2.934 2.981 Q1 FY 25 Q4 FY 25 Q1 FY 26 Q1 FY 25 Q4 FY 25 Q1 FY 26 CNG Domestic I&C Total CNG Domestic I&C Total MGL + UEPL 4.401 4.454 4.026 0.686 0.698 0.547 0.592 0.57
Slide 15: Attractive Fuel Economics - MGL
Attractive Fuel Economics - MGL CNG is price competitive compared Commercial PNG is favourably to alternatives priced vs. alternate fuels 89.42 88.13 Benefits of CNG / PNG 47% 47% 11% 11% 60.93 60.05 103.5 103.5 • Price Advantage 90.0 90.0 80.0 80.0 • Natural gas provides economic benefits over most
Slide 16: Diversified Sourcing Strategy
Diversified Sourcing Strategy Sales Volume Composition - Q1 FY 26 Priority Segment Forms Majority • Distribution - Majority of MGL’s sales are from CNG and D-PNG • Gas for D-PNG - 100% APM allocation is available • Gas for CNG – Partially from APM allocation and balance from Market determined price
Slide 17: Shareholding, Dividend and Market Capitalisation
Shareholding, Dividend and Market Capitalisation Dividend Per Share (Rs) 15 26 30 30 23 25 20 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 Normal Special Final Dividend (FY25) of Rs.18/Share declared by Board included above Market Capitalisation (Rs cr.) 19,167 32.5% 10.0% 25.48% 15,774 13,700 14,651 GAIL Go
Slide 18: Thank You!
Thank You! MGL House, G-33, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 T +91 22 6678 5000 https://www.mahanagargas.com CIN : L40200MH1995PLC088133 Contact to : Runjhun Jain | Runjhun.jain1@in.ey.com Avantika Mishra | Avantika.mishra@in.ey.com