Mahanagar Gas Q1 FY26 Earnings Profit Jumps 10% to ₹318 Crore

Mahanagar Gas Ltd reported a 10% year-on-year increase in its consolidated net profit for the April–June 2025 quarter, reaching ₹317.89 crore compared to ₹288.78 crore in the same period last year. The company also posted a strong 30% rise from the March 2025 quarter’s ₹243.95 crore profit.

Mahanagar Gas Q1 FY26 Revenue Grows Nearly 25%

The company’s consolidated revenue from operations jumped 24.6% year-on-year to ₹2,282.07 crore, up from ₹1,832.15 crore in Q1 of FY25.

Volume Growth and Standalone Performance

At a standalone level, Mahanagar Gas sold 384.86 million standard cubic meters (SCM) of gas during the quarter, a 9.61% rise from 351.13 million SCM last year. Revenue on a standalone basis also rose 24.39% year-on-year to ₹1,970.64 crore.

Sequentially, sales volumes increased just 2% compared to the previous quarter, which led to a modest 5.89% growth in revenue.

Mahanagar Gas Q1 FY26 EBITDA and Profit Surge

EBITDA stood at ₹485.36 crore, up 16% year-on-year and 28.28% sequentially. The standalone net profit rose 28.6% YoY to ₹324.32 crore, showing strong operating efficiency.

Following the Q1 results, Mahanagar Gas shares opened at ₹1,516.25 and rose more than 3% intraday to hit a high of ₹1,562 on the BSE.

Also Read: Hero MotoCorp to 3M India: Dividend & Bonus Updates This Week (July 21)!

About Mahanagar Gas Limited

Mahanagar Gas Limited, established on May 8, 1995, is a natural gas distribution company in India. It is a joint venture between GAIL (India) Limited and the Government of Maharashtra.

Mahanagar Gas Share Price Movement

As of 9:08 AM IST on July 23, Mahanagar Gas share price (NSE: MGL) is trading at ₹1,492.00. Over the past month, the stock has increased by ₹46.50, marking a 3.22% rise. In the past 6 months, it has gained ₹179.10, reflecting a 13.64% growth. Over a 5-year period, the stock has surged by ₹464.10, registering an overall increase of 45.15%.

Conclusion

Mahanagar Gas delivered a solid Q1 performance with strong growth in both profit and revenue. Higher volumes and operational efficiency supported the earnings, triggering a positive stock market reaction.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.