Mahanagar Gas Ltd · NSE:MGL

Mahanagar Gas — Q2 FY2026-27 Earnings Presentation

17 slides from Mahanagar Gas's earnings presentation, Nov 4, 2026

  1. Slide 1: Stock exchange cover letter for earnings call presentation

    Ref: MGL/CS/SE/2026/735 Date: November 04, 2026 To, Head, Listing Compliance Department Head, Listing Compliance Department BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Bandra – Kurla Complex, Dalal Street, Bandra (East), Mumbai – 400 001 Mumbai – 400 051 Scrip

  2. Slide 2: Investor Presentation November 2026

    INVESTOR PRESENTATION November - 2026

  3. Slide 3: Safe Harbor

    Safe Harbor This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward-looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being

  4. Slide 4: MGL: An Introduction

    MGL : An Introduction

  5. Slide 5: One of the largest CGD Companies in India

    One of the largest CGD Companies in India Consistent Track Record Secured Gas Availability Strong Customer Base > 30 years of consistent growth APM, NWG, HPHT, Term RLNG CNG 1.34mn Vehicles PNG 3.27mn + households Infrastructure Exclusivity/Reach Commitment to HSE Robust Financials Over 8,542 Kms Pi

  6. Slide 6: Areas of Operation

    Areas of Operation 45,691 4.8 million Area (sq Km) Urban Households GA5 GA4 528 762 7,780 CNG Stations Steel Pipeline PE Pipeline (No) Length (Km) Length (Km) GA6 13,40,629 32,72,624 6,409 CNG Vehicles PNG Household Industrial Commercial (No) Connections Customers MGL’s existing Geographical Areas (

  7. Slide 7: Infrastructure

    Infrastructure Domestic Household Connections in ‘000 Industrial & Commercial Customers – Nos. 1,560 Cumulative 4,163 Cumulative 1,511 3,273 6,409 2,068 129 26 8 39 58 93 12 15 GA 1 GA 2 GA 3 GA 4 GA 5 GA 6 GA 1 GA 2 GA 3 GA 4 GA 5 GA 6 CNG Vehicles (‘000) & Stations (Nos.) Pipeline (Steel & PE) in

  8. Slide 8: Operational & Financial Performance

    Operational & Financial Performance

  9. Slide 9: P/L Highlights - Standalone

    P/L Highlights - Standalone ₹ Crore Q2 Q2 Q1 H1 H1 Particulars YoY QoQ YoY FY26-27 FY25-26 FY26-27 FY26-27 FY25-26 Revenues (Net) 2,537.08 2,049.33 23.80% 2,371.71 -6.52% 4,908.79 4,130.71 18.84% Gross Profit 626.79 624.59 0.35% 639.24 1.99% 1,266.02 1,396.26 -9.33% EBITDA 304.76 337.95 -9.82% 342.9

  10. Slide 10: Balance Sheet - Standalone

    Balance Sheet - Standalone ₹ Crore As at As at As at As at Particulars 30th September Particulars 30th September 31st March 2026 31st March 2026 2026 2026 ASSETS EQUITY AND LIABILITIES Non-current Assets 7,664 7,135 Equity 6,588 6,434 Property, Plant and Equipment 4,953 4,674 Equity Share Capital 99

  11. Slide 11: Financial Performance

    Financial Performance ₹ Crore Revenues (Net) Gross Profit (Gas Sales Less Gas Cost) 1,396 4,909 1,266 4,131 2,372 2,537 625 639 627 2,049 Q2 FY26 Q1 FY27 Q2 FY27 H1 FY 2026 H1 FY 2027 Q2 FY26 Q1 FY27 Q2 FY27 H1 FY 2026 H1 FY 2027 EBIDTA & Margins % PAT 20.30% 839 13.20% 513 648 16.49% 14.46% 12.01%

  12. Slide 12: Operational Metrics

    Operational Metrics INR/SCM Gas Sales Revenues (Net) Gas Cost 56.11 42.34 41.12 55.25 39.85 54.35 33.65 32.94 49.59 48.22 Q2 FY26 Q1 FY27 Q2 FY27 H1 FY 2026 H1 FY 2027 Q2 FY26 Q1 FY27 Q2 FY27 H1 FY 2026 H1 FY 2027 Gross Profit (Gas Sales Less Gas Cost) EBIDTA 10.13 16.65 14.57 14.50 13.77 14.13 8.00

  13. Slide 13: Volumes - MMSCMD

    Volumes - MMSCMD CNG DPNG 3.496 3.552 3.524 0.639 0.631 3.255 3.220 0.623 0.582 0.576 Q2 FY 26 Q1 FY 27 Q2 FY 27 H1 2025-26 H1 2026-27 Q2 FY 26 Q1 FY 27 Q2 FY 27 H1 2025-26 H1 2026-27 Industrial and Commercial Total 0.757 0.727 0.700 0.674 0.648 4.766 4.892 4.829 4.593 4.524 Q2 FY 26 Q1 FY 27 Q2 FY

  14. Slide 14: Attractive Fuel Economics - MGL

    Attractive Fuel Economics - MGL CNG is price competitive compared Commercial PNG is favourably to alternatives priced vs. alternate fuels 45.64% 45.02% 141.66 142.16 Benefits of CNG / PNG 111.21 10.05% 111.21 9.03% 107.25 97.83 97.83 102.25 88.00 89.00 • Price Advantage • Natural gas provides econom

  15. Slide 15: Diversified Sourcing Strategy

    Diversified Sourcing Strategy Sales Volume Composition – Q2 FY 27 Priority Segment Forms Majority • Distribution - Majority of MGL’s sales are from CNG and D-PNG • Gas for D-PNG - 100% APM allocation is available • Gas for CNG – Partially from APM and NWG allocation and balance from Market determine

  16. Slide 16: Shareholding, Dividend and Market Capitalisation

    Shareholding, Dividend and Market Capitalisation Dividend Per Share (Rs) 30 30 30 25 26 23 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Market Capitalisation (Rs cr.) 14,651 13,700 12,793 11,597 32.50% 10.00% 24.16% 11,222 10,451 GAIL Government of FPIs/NRIs 9,164 Maharashtra 22.26% 11.07% Domestic Public, I

  17. Slide 17: Thank You!

    Thank You! MGL House, G-33, Bandra Kurla Complex, Bandra (E) Mumbai – 400 051 T +91 22 6678 5000 https://www.mahanagargas.com CIN : L40200MH1995PLC088133 Contact to : Runjhun Jain | [email protected] Avantika Mishra | [email protected]

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