{"id":1708,"date":"2026-05-08T12:39:09","date_gmt":"2026-05-08T07:09:09","guid":{"rendered":"https:\/\/www.bullscreen.in\/news\/?p=1708"},"modified":"2026-05-08T12:40:23","modified_gmt":"2026-05-08T07:10:23","slug":"mahanagar-gas-limited-fy26-results-profit-falls","status":"publish","type":"post","link":"https:\/\/www.bullscreen.in\/news\/mahanagar-gas-limited-fy26-results-profit-falls\/","title":{"rendered":"Mahanagar Gas Limited FY26 Results: Profit Falls 19% Despite Strong Revenue Growth, \u20b930 Dividend Announced"},"content":{"rendered":"\n

Mahanagar Gas Limited<\/a> announced its audited Mahanagar Gas Limited FY26 Results<\/strong> for the financial year ended March 31, 2026, reporting strong revenue growth while profitability declined due to higher natural gas procurement costs and continued margin pressure.<\/p>\n\n\n\n

The company’s total revenue for FY26 increased by 13.6% year-on-year to \u20b99,059.77 crore, compared to \u20b97,976.42 crore in FY25. However, higher operational expenses impacted earnings, leading to a decline in net profit and earnings per share.<\/p>\n\n\n\n

<\/i><\/span>MGL FY26 Financial Highlights <\/h2>
<\/div><\/div>\n\n\n\n
Particulars<\/th>FY26<\/th>FY25<\/th>YoY Change<\/th><\/tr><\/thead>
Total Revenue<\/strong><\/td>\u20b99,059.77 Cr<\/td>\u20b97,976.42 Cr<\/td>+13.6%<\/strong><\/td><\/tr>
Total Expenses<\/strong><\/td>\u20b98,038.45 Cr<\/td>\u20b96,771.84 Cr<\/td>+18.7%<\/strong><\/td><\/tr>
Profit Before Tax (PBT)<\/strong><\/td>\u20b91,140.52 Cr<\/td>\u20b91,370.62 Cr<\/td>-16.8%<\/strong><\/td><\/tr>
Profit After Tax (PAT)<\/strong><\/td>\u20b9846.82 Cr<\/td>\u20b91,041.26 Cr<\/td>-18.7%<\/strong><\/td><\/tr>
Earnings Per Share (EPS)<\/strong><\/td>\u20b985.73<\/td>\u20b9105.41<\/td>-18.7%<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

<\/i><\/span>Rising Gas Costs Impact Margins <\/h2>
<\/div><\/div>\n\n\n\n

The primary reason behind the decline in profitability was the sharp increase in natural gas purchase costs. During FY26, the company’s gas procurement expenses<\/strong> rose by over 20% to \u20b95,632.24 crore from \u20b94,678.73 crore in the previous financial year.<\/p>\n\n\n\n

MGL also recorded:<\/p>\n\n\n\n