MGL Q4 FY26 Guidance vs Delivery (MGL Management Mirror)

Did MGL's management deliver what it guided? Guidance vs actual performance and tone changes across recent earnings calls, as of the Q4 FY26 (Mar-2026 Qtr) concall.

Mahanagar Gas Ltd (MGL) Q4FY26 Management Mirror - Mar-2026 Qtr

Volumes & Growth

Management expects FY27 total volume growth to cross into double digits, improving from the 8.25% achieved in FY26, consistent with the double-digit expectations outlined in the Dec'25 Qtr and the >10% target from the Sep'25 Qtr. Domestic PNG (DPNG) volume growth is projected to accelerate significantly from historical levels of ~6% to approximately 12%, with a target to rapidly add 400,000 to 500,000 new customers. [Status: Reaffirmed]

3 more themes on the ELITE plan.