Mahanagar Gas Ltd · NSE:MGL
Mahanagar Gas — FY2026 Earnings Presentation
17 slides from Mahanagar Gas's earnings presentation, May 8, 2026
Slide 1: Exchange cover letter for investor presentation
Ref: MGL/CS/SE/2026/694 Date: May 08, 2026 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 May 2026
INVESTOR PRESENTATION May - 2026
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 1.28mn Vehicles PNG 3.21mn + households Infrastructure Exclusivity/Reach Commitment to HSE Robust Financials Over 8,320 Kms Pipelin
Slide 6: Areas of Operation
Areas of Operation 45,691 47,96,180 Area (sq Km) Urban Households 518 737 7,584 CNG Stations Steel Pipeline PE Pipeline (No) Length (Km) Length (Km) 12,84,828 32,13,904 5,924 CNG Vehicles PNG Household Industrial Commercial (No) Connections Customers MGL’s existing Geographical Areas (GA) GAs of ers
Slide 7: Infrastructure
Infrastructure Domestic Household Connections in ‘000 Industrial & Commercial Customers – Nos. 1,530 1,488 3,924 Cumulative Cumulative 3,213 5,924 1,862 127 26 7 35 56 71 5 6 GA 1 GA 2 GA 3 GA 4 GA 5 GA 6 GA 1 GA 2 GA 3 GA 4 GA 5 GA 6 CNG Vehicles (‘000) & Stations (Nos.) Pipeline (Steel & PE) in Km
Slide 8: Operational & Financial Performance
Operational & Financial Performance
Slide 9: P/L Highlights - Standalone
P/L Highlights - Standalone ₹ Crore Particulars Q4 Q4 YoY Q3 QoQ FY25-26 FY24-25 YoY FY25-26 FY24-25 Variance FY25-26 Variance Variance % % % Revenues (Net) 2,051.22 1,962.52 4.52% 2,058.27 (0.34%) 8,240.21 7,261.25 13.48% Gross Profit 570.24 683.23 (16.54%) 642.52 (11.25%) 2,609.02 2,583.70 0.98% E
Slide 10: Balance Sheet - Standalone
Balance Sheet - Standalone ₹ Crore As at As at As at As at Particulars Particulars 31st March 2026 31st March 2025 31st March 2026 31st March 2025 ASSETS EQUITY AND LIABILITIES Non-current Assets 7,135 6,355 Equity 6,434 5,878 Property, Plant and Equipment 4,674 4,146 Equity Share Capital 99 99 Capi
Slide 11: Financial Performance
Financial Performance ₹ Crore Revenues (Net) Gross Profit (Gas Sales Less Gas Cost) 8,240 2,563 2,576 7,261 1,963 2,058 2,051 705 636 561 Q4 FY25 Q3 FY26 Q4 FY26 FY 2025 FY 2026 Q4 FY25 Q3 FY26 Q4 FY26 FY 2025 FY 2026 EBIDTA & Margins PAT 1,570 1,041 1,451 847 395 352 260 242 202 132 Q4 FY25 Q3 FY26
Slide 12: Operational Metrics
Operational Metrics INR/SCM Revenues (Net) Gas Cost 49.54 48.42 48.78 49.24 33.22 35.11 33.55 46.97 31.39 30.08 Q4 FY25 Q3 FY26 Q4 FY26 FY 2025 FY 2026 Q4 FY25 Q3 FY26 Q4 FY26 FY 2025 FY 2026 Gross Profit (Gas Sales Less Gas Cost) EBIDTA 17.80 9.97 10.16 16.58 14.96 15.39 8.67 13.34 8.28 6.19 Q4 FY2
Slide 13: Volumes - MMSCMD
Volumes - MMSCMD CNG DPNG 3.349 0.604 0.605 3.281 3.267 0.591 0.590 3.125 3.047 0.556 Q4 FY 25 Q3 FY 26 Q4 FY 26 FY 2024-25 FY 2025-26 Q4 FY 25 Q3 FY 26 Q4 FY 26 FY 2024-25 FY 2025-26 Industrial and Commercial Total 0.735 4.672 0.727 4.620 0.719 4.585 0.686 4.402 0.632 4.235 Q4 FY 25 Q3 FY 26 Q4 FY
Slide 14: Attractive Fuel Economics - MGL
Attractive Fuel Economics - MGL CNG is price competitive compared Commercial PNG is favourably to alternatives priced vs. alternate fuels 46.23% 45.57% Benefits of CNG / PNG 89.05 95.41 10.03% 8.92% 72.24 103.50 103.50 64.05 90.03 90.03 82.00 • Price Advantage 81.00 • Natural gas provides economic b
Slide 15: Diversified Sourcing Strategy
Diversified Sourcing Strategy Sales Volume Composition – Q4 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 16: Shareholding, Dividend and Market Capitalisation
Shareholding, Dividend and Market Capitalisation Dividend Per Share (Rs) 30 30 30 25 26 23 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Final Dividend of Rs.18/Share declared by Board included above subject to Shareholders approval at AGM Market Capitalisation (Rs cr.) 14,651 13,700 12,793 32.50% 10.00% 24.8
Slide 17: 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