Mahanagar Gas Limited — Investor Meet, 14-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Mahanagar Gas (MGL) posted Q4 FY26 net profit of ₹132 Cr and FY26 net profit of ₹847 Cr, with FY26 EBITDA at ₹1,451 Cr. FY26 total sales volume rose 8.25%. A final dividend of ₹18/share brings the total for FY26 to ₹30/share.

Geopolitical events are curtailing industrial/commercial gas supply, though domestic PNG and CNG remain fully supplied. MGL sees significant opportunity from eased infrastructure permissions and government push for PNG amid LPG disruptions. The company aims for double-digit volume growth, prioritizing infrastructure expansion over short-term margin maintenance. Higher Brent generally benefits margins. MGL's sentiment is cautiously optimistic on long-term growth.