MAHANAGAR GAS LTD.

Mahanagar Gas Limited (MGL) held its Q1 FY27 Earnings Conference Call on July 31, 2026, where management discussed the impact of the ongoing geopolitical conflict in West Asia on natural gas availability and pricing in India. Despite challenges, MGL reported that 100% of its domestic PNG and a significant portion of its CNG requirements are sourced from domestic production, ensuring supply continuity. The company achieved 97,461 DPNG conversions during the quarter, bringing the total to 2.17 million. Sales volumes increased overall, with CNG sales rising by 9.74% year-on-year. EBITDA for the quarter was INR343 crores, a 31.74% increase, while net profit after tax rose by 46.83% to INR194 crores. Management highlighted the successful transition to SAP S/4HANA as part of its digital transformation. The call concluded with management expressing confidence in maintaining uninterrupted gas supply and ongoing infrastructure development despite external pressures.

Management highlighted growth in sales volumes and profitability, indicating a strong operational performance.