MAHANAGAR GAS LIMITED — Quarter ended March 31, 2026 (FY ended March 31, 2026)
The Board Meeting outcome dated May 07, 2026 includes audited standalone and consolidated financial results for the quarter ended March 31, 2026 and the year ended March 31, 2026.
| Sr. No. | Particulars | For three months ended | For the year ended | For the year ended |
|---|---|---|---|---|
| 31.03.2026 (Unaudited) | 31.12.2025 (Unaudited) | 31.03.2025 (Unaudited) | ||
| I | Revenue from Operations | 2,258.07 | 2,265.97 | 2,150.58 |
| II | Other Income | 28.99 | 29.41 | 41.82 |
| III | Total Income (I + II) | 2,287.06 | 2,295.38 | 2,192.40 |
| IV | Expenses : | |||
| Purchase of Natural Gas and Traded Items | 1,481.56 | 1,415.73 | 1,279.74 | |
| Changes in Inventories | (0.57) | 0.02 | (0.44) | |
| Excise Duty | 206.85 | 207.69 | 188.06 | |
| Employee Benefits Expense | 42.98 | 47.47 | 35.23 | |
| Finance Costs | 4.77 | 6.30 | 4.10 | |
| Depreciation and Amortisation Expenses | 106.08 | 103.37 | 95.10 | |
| Other Expenses | 266.91 | 242.99 | 253.02 | |
| Total Expenses | 2,108.58 | 2,023.57 | 1,854.81 | |
| V | Profit Before Tax for the period (III – IV) | 178.48 | 271.81 | 337.59 |
| VI | Income Tax Expense : | |||
| (i) Current Tax | 24.30 | 58.98 | 72.37 | |
| (ii) Excess Provision for earlier years | (0.22) | – | – | |
| (iii) Deferred Tax | 22.48 | 10.86 | 22.92 | |
| Total Income Tax Expense (i+ii+iii) | 46.56 | 69.84 | 95.29 | |
| VII | Profit After Tax for the period (V – VI) | 131.92 | 201.97 | 242.30 |
| VIII | Other Comprehensive Income / (Loss) | |||
| Items that will not be reclassified to profit or loss | 5.47 | 2.58 | (4.08) | |
| Income tax relating to items that will not be reclassified to profit or loss | (1.39) | (0.65) | 1.02 | |
| Total Other Comprehensive Income / (Loss) | 4.08 | 1.93 | (3.06) | |
| IX | Total Comprehensive Income for the period (VII + VIII) | 136.00 | 203.90 | 239.24 |
| X | Paid up Equity Share Capital | 98.78 | 98.78 | 98.78 |
| (Equity Shares of ₹10 each fully paid up) | ||||
| Other Equity Excluding Revaluation Reserve | ||||
| XI | Earnings per equity share (EPS) (Face value of ₹10/- each) | |||
| Basic and Diluted (₹)* | 13.35 | 20.45 | 24.53 |
| Particulars | As at March 31, 2026 (Audited) | As at March 31, 2025 (Audited) |
|---|---|---|
| ASSETS | ||
| I. Non-current Assets | ||
| (a) Property, Plant and Equipment | 4,674.43 | 4,145.81 |
| (b) Capital Work-in-Progress | 1,259.25 | 1,062.13 |
| (c) Right of Use Assets | 291.74 | 266.28 |
| (d) Goodwill | 10.92 | 10.92 |
| (e) Other Intangible Assets | 396.23 | 421.20 |
| (f) Financial Assets | ||
| (i) Investments | 133.66 | 123.66 |
| (ii) Other Financial Assets | 108.78 | 128.52 |
| (f) Non-current Tax Assets (net) | 134.66 | 104.43 |
| (g) Other Non-current Assets | 125.07 | 92.41 |
| Total Non-current Assets (I) | 7,134.74 | 6,355.36 |
| II. Current assets | ||
| (a) Inventories | 62.50 | 52.28 |
| (b) Financial Assets | ||
| (i) Investments | 1,035.64 | 1,054.23 |
| (ii) Trade Receivables | 458.36 | 363.21 |
| (iii) Cash and Cash Equivalents | 56.56 | 151.68 |
| (iv) Bank balances other than (iii) above | 57.06 | 181.15 |
| (v) Other Financial Assets | 131.99 | 99.88 |
| (c) Other current assets | 28.39 | 26.70 |
| Total Current assets (II) | 1,830.50 | 1,929.13 |
| Total Assets (I+II) | 8,965.24 | 8,284.49 |
| EQUITY AND LIABILITIES | ||
| ———————————————— | ——————————- | ——————————- |
| I. Equity | ||
| (a) Equity Share Capital | 98.78 | 98.78 |
| (b) Other Equity | 6,335.48 | 5,779.69 |
| Total Equity (I) | 6,434.26 | 5,878.47 |
| II. Liabilities | ||
| A. Non-current Liabilities | ||
| (a) Financial Liabilities | ||
| (i) Lease Liabilities | 137.23 | 162.59 |
| (ii) Other Financial Liabilities | 2.47 | 2.65 |
| (b) Provisions | 62.88 | 55.25 |
| (c) Deferred Tax Liabilities (net) | 373.85 | 311.05 |
| Total Non-current Liabilities (A) | 576.43 | 531.54 |
| B. Current Liabilities | ||
| (a) Financial Liabilities | ||
| (i) Lease Liabilities | 81.50 | 35.54 |
| (ii) Trade Payables | ||
| – outstanding dues of micro enterprises and small enterprises | 11.25 | 14.57 |
| – outstanding dues other than micro enterprises and small enterprises | 464.37 | 416.35 |
| (iii) Other Financial Liabilities | 1,311.00 | 1,320.50 |
| (b) Other Current Liabilities | 62.80 | 64.55 |
| (c) Provisions | 23.06 | 19.79 |
| (d) Current Tax Liabilities (net) | 0.57 | 3.18 |
| Total Current Liabilities (B) | 1,954.55 | 1,874.48 |
| Total Liabilities (II = A+B) | 2,530.98 | 2,406.02 |
| Total Equity and Liabilities (I+II) | 8,965.24 | 8,284.49 |
| Particulars | For the year ended March 31, 2026 (Audited) | For the year ended March 31, 2025 (Audited) |
|---|---|---|
| I. CASH FLOW FROM OPERATING ACTIVITIES | ||
| Profit Before Tax for the year | 1,140.52 | 1,370.62 |
| Adjustments for: | ||
| – Depreciation and Amortisation Expense | 409.18 | 351.67 |
| – Finance Costs (including interest on lease liabilities) | 20.57 | 13.80 |
| – Bank Guarantee Charges | – | 0.14 |
| – Interest Income | (11.89) | (34.66) |
| – Realised Gain on sale of Investments | (43.89) | (53.03) |
| – Unrealised Gain on Investments | (26.58) | (37.02) |
| – Loss on Disposal of Capital Work in Progress and Property, Plant and Equipment (Net) | 2.20 | 4.20 |
| – Allowance for inventory obsolescence | (0.58) | 0.96 |
| – Expected credit loss allowance and write off on Financial Assets (Net) | 2.73 | (1.57) |
| Operating Profit Before Working Capital Changes | 1,492.26 | 1,615.11 |
| Movements in working capital: | ||
| – (Increase) in Inventories | (10.22) | (10.21) |
| – (Increase) in Trade Receivables | (96.20) | (68.11) |
| – (Increase) in Other Financial Assets | (21.56) | (33.23) |
| – Decrease / (Increase) in Other Non Current Assets | 0.97 | (1.45) |
| – (Increase) in Other Current Assets | (1.69) | (1.31) |
| – (Increase) / Decrease in Other Financial Liabilities | (11.54) | 82.76 |
| – Increase in Provisions | 18.01 | 12.09 |
| – Increase in Trade Payables | 44.71 | 86.14 |
| – (Decrease) / Increase in Other Current Liabilities | (1.75) | 6.57 |
| Cash Generated from Operations | 1,412.99 | 1,688.34 |
| Income Taxes Paid (Net of refund) | (265.54) | (268.75) |
| Net Cash Generated from Operating Activities | 1,147.45 | 1,419.59 |
| II. CASH FLOW FROM INVESTING ACTIVITIES | ||
| – Purchase of Property, Plant and Equipment, CWIP and Intangible Assets (includes capital advances) | (1,061.76) | (1,177.09) |
| – Proceeds from sale of Property, Plant and Equipment | 1.35 | 6.82 |
| – Purchase of Investments in units of Mutual Funds | (6,440.40) | (6,355.37) |
| – Proceeds from sale / redemption of Investments in units of Mutual Funds | 6,492.88 | 6,396.48 |
| – Investment in Equity Shares of Subsidiaries | – | (10.20) |
| – Investment in Equity / Compulsorily Convertible Preference Shares (CCPS) of Associates | (10.00) | (58.36) |
| – Movements in Bank Balances other than Cash and Cash Equivalents | 127.65 | 101.92 |
| – Interest Received | 15.85 | 39.73 |
| Net Cash Used in Investing Activities | (874.43) | (1,056.07) |
| III. CASH FLOW FROM FINANCING ACTIVITIES | ||
| – Payment of Lease Liabilities | (71.67) | (42.93) |
| – Dividend Paid | (296.47) | (296.38) |
| – Interest Paid | – | (1.73) |
| Net Cash Used in Financing Activities | (368.14) | (341.04) |
| Net (Decrease) / Increase in Cash and Cash Equivalents (I+II+III) | (95.12) | 22.49 |
| Cash and Cash Equivalents at the beginning of the year | 151.68 | 129.19 |
| Cash and Cash Equivalents at the end of the year | 56.56 | 151.68 |
| Particulars | UOM | For the quarter ended March 31, 2026 | For the quarter ended December 31, 2025 | % Increase / (Decrease) |
|---|---|---|---|---|
| SALES VOLUMES: | ||||
| CNG | SCM Million | 301.37 | 301.88 | -0.17% |
| PNG – Domestic | SCM Million | 54.42 | 55.54 | -2.02% |
| PNG – Industry / Commercial | SCM Million | 64.70 | 67.65 | -4.35% |
| PNG – TOTAL | SCM Million | 119.13 | 123.19 | -3.30% |
| TOTAL VOLUMES | SCM Million | 420.50 | 425.07 | -1.08% |
| TOTAL VOLUMES | MMSCMD | 4.672 | 4.620 | 1.12% |
| **NET |