Mahanagar Gas Ltd Share Price – NSE  / BSE

Gas Distribution, Small Cap

Mahanagar Gas Ltd fell for a fifth straight session today. The stock is quoting at Rs 1168.4, down 1.24% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is down around 0.39% on the day, quoting at 25929.6. The Sensex is at 84872.4, down 0.31%.Mahanagar Gas Ltd has eased around 7.57% in last one month.Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has eased around 3.32% in last one month and is currently quoting at 35459.4, down 1.08% on the day. The volume in the stock stood at 1.11 lakh shares today, compared to the daily average of 2.37 lakh shares in last one month.

The PE of the stock is 11.8 based on TTM earnings ending September 25.

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Mahanagar Gas announced that ICRA has reaffirmed/ assigned the rating ICRA AAA; Stable / ICRA A1+ to the company's bank facilities of Rs 2,025 crore.

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The MGL stock fell 1.42% on Monday (17 November) and is down another 0.45% to trade at Rs 1,230.10 on the BSE today. The stock is down 1.87% in two consecutive sessions.

Media reports said the disruption began after GAIL's main gas pipeline was damaged inside the RCF premises in Trombay. The incident affected supply at MGL?s City Gate Station in Wadala from Sunday, 16 November.

MGL is prioritising supply to domestic Piped Natural Gas customers.

Several CNG stations across Mumbai, Thane and Navi Mumbai remain shut. Restoration work is in progress. Supply is expected to normalise by 18 November, according to reports.

MGL is in the business of city gas distribution (CGD), presently distribution of natural gas for domestic industrial, commercial customers and CNG vehicles.

The company's standalone net profit tanked 32.57% to Rs 193.37 crore while revenue from operations (excluding excise duty) surged by 14.72% YoY to Rs 2,049.33 crore in Q2 September 2025.

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Revenue from operations (excluding excise duty) surged by 14.72% YoY to Rs 2,049.33 crore for the quarter ended 30 September 2025.

Profit before tax (PBT) stood at Rs 258.01 crore in the Q2 FY26 quarter, down 30.80% from Rs 372.90 crore recorded in the same period a year ago.

EBITDA decreased by 1.37% YoY to Rs 838.66 crore during the period under review. The EBITDA margin for Q2 FY26 stood at 20.30%, compared to 24.63% in Q2 FY25.

Total sales volume for the September 2025 quarter was 827.67 million standard cubic meters (SCM), up 9.91% YoY. During the same period, CNG sales volume reached 589.30 million SCM, reflecting a growth of 7.93% YoY, while PNG sales aggregated to 238.58 million SCM, up 15.12% YoY.

Mahanagar Gas is in the business of city gas distribution (CGD), presently distribution of natural gas for domestic industrial, commercial customers and CNG vehicles.

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