Mahanagar Gas Ltd (MGL) Q2FY26 Concall Summary - Sep-2025 Qtr
Performance Overview
- The company reported a total average sales volume of 4.593 MMSCMD, marking a sequential increase of 3.11% from the previous quarter and a year-on-year increase of 9.22%.
- EBITDA for the quarter stood at 338 crore, a significant decline from 501 crore in the previous quarter, primarily due to increased gas costs, adverse exchange rates, and lower realization in the industrial segment.
- The company successfully connected 53,566 new domestic households, laid 87.4 km of pipeline, and added 14 new CNG stations during the quarter, expanding its infrastructure footprint.
- Management has shifted focus towards driving volume growth, even if it means operating within a slightly moderated margin range, signaling a strategic priority on market expansion and penetration.
- The amalgamation of Unison Enviro Private Limited with MGL is now effective from February 1, 2024, with all financial statements restated to reflect the consolidated performance of the single legal entity.
Financial Metrics
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Operating Performance / Business Segments
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Key Discussions & Insights
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Outlook and Guidance
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Challenges / Concerns
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Industry / Competitive Landscape
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Overall Summary
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