Mahanagar Gas Ltd
Mahanagar Gas Q1 FY27 earnings call: Revenue & Margins
Q1 FY27 earnings call: what management said on revenue, margins and capex.
Guidance rank: #7 of 8 in Gas
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What the Q1 FY27 call signalled
3 of 5 strong
The short version
Volume growth guidance for FY27 and FY28 is expected in the range of 8% to 9%, particularly for CNG segment. Volume growth guidance for FY27 and beyond is expected in the range of 8% to 9%, driven by CNG and industrial-commercial segments.
From Mahanagar Gas Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Volume growth guidance for FY27 and FY28 is expected in the range of 8% to 9%, particularly for CNG segment.
- Domestic PNG volume growth may increase to 7%-8% in next 2-3 years by converting connected but non-consuming households, with overall potential tied to population and household limits.
- Industrial and commercial volume growth is demand-driven but currently restricted by gas supply curtailments and force majeure on RLNG supplies.
- Long term EBITDA margin target remains INR8 to INR9 per SCM, assuming stable external factors.
- Capex of INR1,500-1,800 crores planned, with no impact on dividend payout; potential for debt raise to fund capex and new initiatives.
2 more points from Mahanagar Gas Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Mahanagar Gas is preponing capex to seize current opportunities in CGD due to LPG pressure and industry prospects, spending more now to reduce future capex.
- FY27 capex guidance is INR 1,500 to 1,800 crores, with INR 350 crores already spent in Q1.
- Capex focus on pipeline expansion and infrastructure development across existing GAs and UEPL.
- Prepared to raise debt if required; currently, the company has a strong, almost debt-free balance sheet.
- Non-CGD initiatives include a 350-ton municipal solid waste-based compressed biogas plant in collaboration with MCGM.
2 more points from Mahanagar Gas Ltd's call on capex
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Top-ranked in Gas
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Mahanagar Gas Ltd — Quarterly revenue & net profit
Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.1K Cr, net profit ₹132 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Mahanagar Gas's management said in earlier quarters
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call analysis →
- Q4 FY25 earnings call →
- Q3 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
Others in Gas this season
- Confidence Petro (Q1 FY27)
Cash flow from operations improved significantly (INR 400 crores in FY26) allowing organic capital deployment. Key concall takeaways from Confidence Petroleum…
- Gujarat Energy Ltd (Q1 FY27)
Revenue from operations grew 63% YoY in Q1 FY27; management confident in maintaining growth amid market volatility. Key concall takeaways from Gujarat Energy's…
- Indraprastha Gas Ltd (Q1 FY27)
Overall sales volume growth of about 6% compared to the same quarter last year. Key concall takeaways from Indraprastha Gas Ltd's Q1 FY27 earnings call — and…
- Petronet LNG (Q1 FY27)
Capex of approximately INR 9,064 crores is budgeted for FY27 and a similar amount for FY28, indicating expansion and growth plans. Key concall takeaways from…
Potential multibaggers · Q2 FY27
Potential multibaggers in Gas
on management's own guidance
- GAIL (India)Moderate growth2
- Aegis LogisticsGood growth1
- Petronet LNGModerate growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Mahanagar Gas Ltd Q1 FY27 results?
Volume growth guidance for FY27 and FY28 is expected in the range of 8% to 9%, particularly for CNG segment. Volume growth guidance for FY27 and beyond is expected in the range of 8% to 9%, driven by CNG and industrial-commercial segments.
What is Mahanagar Gas Ltd share price analysis?
Mahanagar Gas Ltd currently shows a neutral. The stock trades at a P/E of 14.4 with a market cap of ₹10,408 Cr. Investors should review the full earnings analysis for detailed insights.
Is Mahanagar Gas Ltd planning capital expenditure?
Mahanagar Gas is preponing capex to seize current opportunities in CGD due to LPG pressure and industry prospects, spending more now to reduce future capex.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.