Mahanagar Gas Limited (MGL) has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The company reported a standalone revenue from operations of ₹2,258.07 Crores for the current quarter, representing a slight decline of 0.35% compared to the previous quarter’s revenue of ₹2,265.97 Crores. However, on a year-on-year (YoY) basis, revenue saw a growth of 5.00% from ₹2,150.58 Crores in the corresponding quarter of the previous year. The standalone net profit for the quarter stood at ₹131.92 Crores, which is a significant decrease compared to both the previous quarter and the same period last year. Additionally, the Board has recommended a final dividend of ₹18 per equity share, taking the total dividend for the financial year 2025-26 to ₹30 per share.

*Note: Comparative profit figures derived from reported consolidated trends and annual standalone summaries.

Mahanagar Gas Limited, incorporated in 1995, is a leading natural gas distribution company in India, primarily serving the Mumbai Metropolitan Region and adjoining areas. It is a joint venture between GAIL (India) Limited and the Government of Maharashtra. MGL specializes in the distribution of Compressed Natural Gas (CNG) for vehicles and Piped Natural Gas (PNG) for domestic, commercial, and industrial use. In recent developments during 2025, the company successfully integrated Unison Enviro Private Limited through amalgamation and has been actively expanding its green energy portfolio, including a planned ₹1,000 Crore investment in CNG infrastructure and a collaboration for a Compressed Biogas (CBG) plant. Prominent institutional investors in the company include GAIL (India) Limited, Life Insurance Corporation of India (LIC), and ICICI Prudential Asset Management.