Mahanagar Gas Q2 FY27: revenue up 23.80% to Rs 2,537.08 crore, PAT down 29.13%
Q2 FY27 revenue up 23.80% to Rs 2,537.08 crore, but PAT down 29.13% and EBITDA down 9.82% as margin slips to 12.01%.
By ScoutQuest · · 1 min read
- Q2 FY27 Revenue
- Rs 2,537.08 crore, up 23.80% YoY
- Q2 FY27 EBITDA
- Rs 304.76 crore, down 9.82%; margin 12.01% vs 16.49%
- Q2 FY27 PAT
- Rs 137.04 crore, down 29.13%
- Period
- Q2 FY27, quarter ended 30 September 2026
- Positioning
- Says it is one of the largest CGD companies in India, with over 30 years of growth, 8,542 km of pipeline, 528 CNG stations and 1.34mn CNG vehicles plus 3.27mn+ PNG households across Maharashtra and Karnataka.
📉 Q2 FY27 standalone revenue was Rs 2,537.08 crore, up 23.80% year on year, but EBITDA fell 9.82% to Rs 304.76 crore and PAT dropped 29.13% to Rs 137.04 crore; EBITDA margin contracted to 12.01% from 16.49%.
📉 For H1 FY27 revenue was Rs 4,908.79 crore, up 18.84%, while gross profit fell 9.33% to Rs 1,266.02 crore and PAT fell 35.52% to Rs 330.73 crore; the company notes H1 FY26 net revenue had included a reversal of OMC trade margin provided earlier.
📈 Unit economics also softened: the presentation prints gas sales revenue at Rs 56.11 per SCM in Q2 FY27 against Rs 48.22, gas cost at Rs 42.34 against Rs 33.65, gross profit per SCM at Rs 13.77 against Rs 14.57 and EBITDA per SCM at Rs 6.77 against Rs 8.00.
🎯 The company says CNG and D-PNG are its priority segments, at 72.62% and 13.07% of Q2 FY27 sales volume, with 100% APM allocation available for D-PNG while CNG draws partly on APM and NWG allocation and the balance on market-priced term and spot gas.
Also from Mahanagar Gas
Audio recording of Q2/H1 FY27 earnings conference call held November 04, 2026
4 Nov 2026
Board approves amendments to Fair Disclosure Code; updated code is Version 4.0
3 Nov 2026
Board approves September quarter and half-year results; auditor review conclusion unmodified
3 Nov 2026
More numbers
- Revenues (Net), Q2 FY272,537.08 (₹ Crore)
- PAT, Q2 FY27137.04 (₹ Crore)
- EBITDA, Q2 FY27304.76 (₹ Crore)
- EBITDA margin, Q2 FY2712.01%
- EBITDA margin, Q2 FY2616.49%
- Revenues (Net) YoY growth, Q2 FY2723.80%
- Revenues (Net), H1 FY274,908.79 (₹ Crore)
- PAT, H1 FY27330.73 (₹ Crore)
- CNG stations528
- PNG household connections32,72,624
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