Mahanagar Gas Ltd Share Price – NSE /  BSE

Gas Distribution, Small Cap

Mahanagar Gas announced that the Board of Directors of the Company at its meeting held on 7 May 2026, inter alia, have recommended the final dividend of Rs 18 per equity Share (i.e. 180%) , subject to the approval of the shareholders.

Revenue from operations (excluding excise duty) surged by 4.51% YoY to Rs 2,051.22 crore for the quarter ended 31 March 2026.

Profit before tax (PBT) stood at Rs 178.48 crore in the Q4 FY26 quarter, down 47.13% from Rs 337.59 crore recorded in the same period a year ago.

EBITDA decreased by 7.58% YoY to Rs 1,451.07 crore during the period under review. The EBITDA margin for Q4 FY26 stood at 17.61%, compared to 21.62% in Q4 FY25.

Total sales volume for the March 2026 quarter was 1,673.43 million standard cubic meters (SCM), up 8.25% YoY. During the same period, CNG sales volume reached 1,192.55 million SCM, reflecting a growth of 7.22% YoY, while PNG sales aggregated to 480.88 million SCM, up 10.88% YoY.

The company has recommended a final dividend of Rs 18 per equity share of face value Rs 10 each for the financial year 2025-26, subject to approval by shareholders. This is in addition to an interim dividend of Rs 12 per share declared earlier on February 07, 2026. Accordingly, the total dividend for the financial year stands at Rs 30 per equity share.

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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Net profit of Mahanagar Gas declined 47.40% to Rs 129.94 crore in the quarter ended March 2026 as against Rs 247.04 crore during the previous quarter ended March 2025. Sales rose 4.46% to Rs 2052.05 crore in the quarter ended March 2026 as against Rs 1964.38 crore during the previous quarter ended March 2025.

For the full year,net profit declined 19.14% to Rs 841.14 crore in the year ended March 2026 as against Rs 1040.27 crore during the previous year ended March 2025. Sales rose 13.52% to Rs 8245.70 crore in the year ended March 2026 as against Rs 7263.80 crore during the previous year ended March 2025.

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Mahanagar Gas will hold a meeting of the Board of Directors of the Company on 7 May 2026.