Mahanagar Gas Limited (MGL) has reported a strong set of numbers for the first quarter of FY26, showing solid growth across all key financial metrics on a quarter-on-quarter (QoQ) basis.
The company’s net profit surged 28.7% to ₹324.3 crore in Q1 FY26, up from ₹252 crore in the previous quarter. Revenue from operations also saw a healthy rise of 6%, coming in at ₹1,976 crore compared to ₹1,864 crore in Q4 FY25.
Earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at ₹485.4 crore, marking a sharp 28.4% jump from ₹378 crore QoQ. EBITDA margin also improved significantly to 24.6% from 20.2% in the preceding quarter, indicating better operational efficiency and pricing discipline.
The company’s performance highlights strong demand for natural gas, as well as improved realizations and cost management. Mahanagar Gas has been focusing on expanding its footprint and enhancing infrastructure to cater to the growing urban and industrial demand for clean fuel.
In the meantime, Mahanagar Gas shares traded in a narrow range today. The stock opened at ₹1,518.00 and touched a high of ₹1,562.00 during the session. The intraday low was ₹1,492.60. Currently, the stock is trading well below its 52-week high of ₹1,988.00 but remains above the 52-week low of ₹1,075.25.
