Mahanagar Gas Limited reported earnings results for the fourth quarter and full year ended March 31, 2026. For the fourth quarter, the company reported sales was INR 20,520.5 million compared to INR 19,643.8 million a year ago. Revenue was INR 22,880 million compared to INR 21,944.6 million a year ago. Net income was INR 1,299.4 million compared to INR 2,414.1 million a year ago. Basic earnings per share from continuing operations was INR 13.15 compared to INR 24.44 a year ago.
For the full year, sales was INR 82,457 million compared to INR 72,638 million a year ago. Revenue was INR 91,851.3 million compared to INR 81,455.6 million a year ago. Net income was INR 8,411.4 million compared to INR 10,402.7 million a year ago. Basic earnings per share from continuing operations was INR 85.15 compared to INR 105.31 a year ago.
Mahanagar Gas Limited is an India-based natural gas distribution company. The Company is engaged in the distribution of compressed natural gas (CNG) and piped natural gas (PNG) in Mumbai, Thane and Raigad districts of Maharashtra. It operates through the selling of the natural gas segment. It offers PNG for domestic, commercial and industrial purposes. Its domestic PNG is used for various purposes, like cooking and water heating. It is also used by hospitals, nursing homes, hotels, flight kitchens, restaurants, places of worship and others. It offers PNG for various industries, including metal, pharmaceuticals, food and beverages, printing and dyeing, oil mills, power generation and air conditioning. It supplies CNG to Brihanmumbai Electricity Supply and Transport/Thane Municipal Transport/Maharashtra State Road Transport Corporation/Navi Mumbai Municipal Transport (BEST/TMT/MSRTC/NMMT) buses, light commercial vehicles (LCVs)/ tempos/ trucks/private buses. It also installs gas geysers.
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