Mahanagar Gas Q2 results: net profit falls 29.1% to Rs 135.6 crore
Mahanagar Gas said in a filing with the National Stock Exchange that Q2 FY27 consolidated net profit to owners fell 29.1% to Rs 135.6 crore while revenue rose 23.1% to Rs 2,778.1 crore.
Key points
- Mahanagar Gas said in its NSE filing that consolidated revenue for the September 2026 quarter was Rs 2,778.05 crore, up 23.1% year on year.
- Net profit attributable to owners was Rs 135.62 crore, down 29.1% from a year earlier and down 29.7% from the June 2026 quarter, the filing shows.
- The filing shows an exceptional item of Rs 17.33 crore in the quarter and higher gas purchase costs of Rs 1,914.85 crore.
Mahanagar Gas Limited reported a consolidated net profit attributable to owners of Rs 135.6 crore for the quarter ended 30 September 2026 (Q2 FY27), down 29.1% from Rs 191.4 crore a year earlier, according to the company's filing with the National Stock Exchange. Revenue from operations rose 23.1% to Rs 2,778.1 crore.
What Happened
The gas distribution company said its board approved the unaudited results on 3 November 2026. The figures below are consolidated and in rupees crore, as the filing gives them.
Revenue from operations was Rs 2,778.05 crore, against Rs 2,256.36 crore in the September 2025 quarter (up 23.1%) and Rs 2,598.90 crore in the June 2026 quarter (up 6.9%).
Net profit attributable to owners was Rs 135.62 crore, against Rs 191.37 crore a year earlier (down 29.1%) and Rs 193.00 crore in the previous quarter (down 29.7%). Profit after tax for the period was Rs 135.40 crore. Earnings per share, basic and diluted, were Rs 13.73, against Rs 19.37 a year earlier and Rs 19.54 in the previous quarter.
The filing shows an exceptional item of Rs 17.33 crore in the quarter, which brought profit before tax to Rs 185.40 crore from Rs 202.73 crore before the item. There was no exceptional item in the earlier periods shown.
Purchase of natural gas and traded items cost Rs 1,914.85 crore in the quarter, against Rs 1,425.86 crore a year earlier. Total expenses were Rs 2,597.69 crore, against Rs 2,027.60 crore.
For the half year ended 30 September 2026, revenue from operations was Rs 5,376.95 crore, against Rs 4,538.43 crore a year earlier (up 18.5%). Net profit attributable to owners was Rs 328.62 crore, against Rs 510.05 crore (down 35.6%).
The statutory auditors, Deloitte Haskins and Sells LLP, completed a limited review of the results.
What It Means
The filing shows that sales grew by more than a fifth over the year while profit fell, as the cost of gas bought and sold rose and the exceptional item was booked. The filing is the company's own account; these are unaudited figures that were reviewed, not audited.
For shareholders and consumers of piped gas, the full statements are in the company's filing with the National Stock Exchange. Complaints against listed companies can be made at https://scores.sebi.gov.in.
Oquilia Data: Mahanagar Gas Ltd. (NSE: MGL)
| Close, 2 Nov 2026 | Rs 1,037.90 (−1.01% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | −0.72% / −7.37% / −8.61% / −8.64% / −18.72% |
| Against Nifty 50, 1M / 3M / YTD | −5.26 / −3.51 / +1.65 points |
| 52-week closing high / low | Rs 1,277.30 (3 Nov 2025) / Rs 908.40 (23 Mar 2026) |
| Turnover, 20-session average | Rs 14.96 cr; 61.5% delivered; latest volume 1.5x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: Mahanagar Gas share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India