Mahanagar Gas Limited — Investor Meet, 31-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Mahanagar Gas reported Q1 FY27 revenue of ₹2,371.71 Cr, up 13.95% YoY. PAT declined 39.39% YoY to ₹193.70 Cr, while EBITDA fell 31.50% YoY to ₹342.98 Cr, with margins at 14.46%. The prior year's Q1 revenue included a one-time OMC trade margin reversal, impacting YoY comparisons. However, PAT and EBITDA showed strong sequential recovery, up 46.83% and 31.74% QoQ respectively. Total gas volumes grew 7.0% YoY to 4.766 MMSCMD, driven by CNG and DPNG. The company maintains extensive infrastructure and diversified gas sourcing, with favorable fuel economics for CNG/PNG.