Mahanagar Gas' Q2 FY 2025-26 Quarterly Results

Result Summary

• Mahanagar Gas Ltd reported a 1.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 13.4%.
• Its expenses for the quarter were up by 8.2% QoQ and 24.7% YoY.
• The net profit decreased 39.8% QoQ and decreased 32.5% YoY.
• The earnings per share (EPS) of Mahanagar Gas Ltd stood at 19.37 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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 natural gas distribution industry in India. It primarily operates in the distribution and marketing of natural gas, including compressed natural gas (CNG) for vehicles and piped natural gas (PNG) for domestic, commercial, and industrial use. The company primarily serves the Mumbai Metropolitan Region and its surrounding areas. As of the data available, there are no specific recent major developments mentioned. The company is known for its extensive pipeline network and strong customer base, contributing to its position as a key player in the energy sector.

Revenue

During the second quarter of the fiscal year 2026, Mahanagar Gas Ltd reported a total income of ₹2079.42 crores. This represents a quarter-over-quarter (QoQ) decrease of 1.7% from the previous quarter's ₹2115.16 crores. However, on a year-over-year (YoY) basis, the total income increased by 13.4% compared to ₹1833.18 crores in the second quarter of the fiscal year 2025. This growth trajectory highlights the company's revenue performance over the past year, reflecting its capability to generate increased income despite a slight sequential decline.

Profitability

In terms of profitability, Mahanagar Gas Ltd's profit before tax (PBT) for Q2FY26 was ₹257.78 crores, showing a significant QoQ reduction of 40.4% from ₹432.17 crores in Q1FY26. This also marks a 30.7% decline YoY from ₹371.98 crores in Q2FY25. The tax expense for the current quarter stood at ₹64.66 crores, reflecting a decrease of 43.1% QoQ and 26.9% YoY. Consequently, the profit after tax (PAT) for Q2FY26 was ₹191.25 crores, a decrease of 39.8% QoQ and 32.5% YoY. These figures indicate the company's reduced profitability margins over the comparative periods.

Operating Metrics

The company's earnings per share (EPS) for Q2FY26 was ₹19.37, which declined by 39.8% QoQ from ₹32.18 and by 32.5% YoY from ₹28.70. This decrease in EPS is indicative of the reduced profitability in the period under review. Total expenses for the company in Q2FY26 were ₹1821.64 crores, representing an 8.2% increase QoQ from ₹1682.99 crores and a 24.7% rise YoY from ₹1461.20 crores. The increased expenses in the current quarter reflect the company's cost structure dynamics, impacting its overall financial performance.