Mahanagar Gas Ltd's Q1FY26 Quarterly Results

Result Summary

• Mahanagar Gas Ltd reported a 27.7% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1FY26). On a year-on-year (YoY) basis, it witnessed a growth of 24.3%.
• Its expenses for the quarter were up by 28.4% QoQ and 27.9% YoY.
• The net profit increased 26.0% QoQ and increased 10.0% YoY.
• The earnings per share (EPS) of Mahanagar Gas Ltd stood at 32.2 during Q1FY26.

Financial Statments for Q1FY26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mahanagar Gas Ltd is a leading player in the energy sector, primarily known for its role in the distribution of natural gas in India. The company is headquartered in Mumbai and serves a wide range of customers including residential, commercial, and industrial segments. Mahanagar Gas Ltd operates within a highly regulated industry, focusing on the distribution and supply of compressed natural gas (CNG) and piped natural gas (PNG). However, specific recent developments or strategic initiatives from the company are not available in the current dataset, and any further details would require additional information from external sources.

Revenue

In the first quarter of fiscal year 2026, Mahanagar Gas Ltd reported a total income of ₹2115.16 crores, marking a substantial increase from ₹1656.74 crores in the previous quarter (Q4FY25) and ₹1701.41 crores in the same quarter last year (Q1FY25). The quarter-over-quarter (QoQ) growth rate stood at 27.7%, while the year-over-year (YoY) increment was 24.3%. These figures indicate a strong revenue performance over both short-term and long-term periods, reflecting the company's robust income generation capabilities in the context of the given timeframe.

Profitability

The company's profitability metrics reveal a positive trend in the first quarter of FY26. The profit before tax (PBT) reached ₹432.17 crores, demonstrating a quarterly increase of 25.0% from ₹345.82 crores in Q4FY25 and a year-over-year rise of 12.0% from ₹385.91 crores in Q1FY25. After accounting for taxes, the profit after tax (PAT) was reported at ₹317.79 crores, which is higher by 26.0% quarter-over-quarter and 10.0% year-over-year. Earnings per share (EPS) also showed improvement, recorded at ₹32.20 compared to ₹25.50 in the preceding quarter and ₹29.20 in the same quarter of the previous year. These figures highlight the company's ability to enhance shareholder value and maintain profitability under the analyzed conditions.

Operating Metrics

The financial data indicates a significant rise in total expenses, which reached ₹1682.99 crores in Q1FY26, compared to ₹1310.92 crores in Q4FY25 and ₹1315.50 crores in Q1FY25. This represents a 28.4% increase quarter-over-quarter and a 27.9% increase year-over-year. Despite the rise in expenses, the company achieved a notable increase in profit margins, as evidenced by the growth in both PBT and PAT. The tax expense for the quarter was ₹113.60 crores, up from ₹93.56 crores last quarter and ₹97.14 crores in the same quarter last year, reflecting a 21.4% QoQ increase and a 16.9% YoY increase. This data provides insight into the company's operational efficiency and its capacity to manage costs while expanding its revenue base.