MGL Shares Slip Over 1% After Q4 Profit Declines 35%; Company Declares Final Dividend

Mahanagar Gas Ltd (MGL) reported lower earnings for the fourth quarter of FY26, with consolidated net profit declining on a sequential basis amid pressure on operating margins.

The city gas distribution company also announced a final dividend for shareholders, taking the total dividend payout for the financial year to ₹30 per equity share. Following the earnings announcement, the company’s shares traded lower during Friday’s session.

MGL Reports Decline in Q4 Net Profit

Mahanagar Gas Ltd posted a consolidated net profit of ₹130 crore for the quarter ended March 2026, compared with ₹201 crore reported in the previous quarter. This reflected a quarter-on-quarter decline of around 35.4%.

The company’s revenue remained largely unchanged during the period. Revenue from operations stood at ₹2,052 crore in Q4 FY26, marginally lower than ₹2,060 crore reported in the preceding quarter.

EBITDA and Margins See Sequential Decline

Operating performance also weakened during the quarter. EBITDA for Q4 FY26 came in at ₹260 crore, compared with ₹352 crore in the previous quarter, marking a decline of around 26.1%.

EBITDA margins contracted to 12.7% from 17.1% recorded in the December quarter, indicating pressure on profitability.

MGL Announces Final Dividend

The board of Mahanagar Gas Ltd recommended a final dividend of ₹18 per equity share with a face value of ₹10 each for FY26. The proposed dividend remains subject to shareholder approval.

This comes in addition to the interim dividend of ₹12 per share announced earlier in February 2026. With this, the total dividend payout for the financial year stands at ₹30 per equity share.

Mahanagar Gas Share Price Performance

Following the quarterly earnings announcement, shares of Mahanagar Gas Ltd traded lower on Friday.

As of 11:38 AM on 8 May 2026, the stock was trading at ₹1,165.00 on the NSE, down ₹14.80 or 1.25% from the previous closing price of ₹1,179.80.

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Conclusion

Mahanagar Gas Ltd reported lower quarterly earnings and margin contraction for Q4 FY26, while revenue remained relatively stable on a sequential basis. The company also announced a final dividend, taking the total FY26 dividend payout to ₹30 per share. Investors may continue to monitor volume growth, input cost trends and developments within the city gas distribution sector in the coming quarters.

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