Mahanagar Gas

Mahanagar Gas reported FY26 PAT of ₹847 croreCurrent reported value: ₹847 crore. No comparable prior figure is available in the source record., down 18.6% YoYCurrent reported value: 18.6% YoY. No comparable prior figure is available in the source record. from ₹1,041 crore, and EBITDA of ₹451 croreCurrent reported value: ₹451 crore. No comparable prior figure is available in the source record., sharply lower from ₹1,570 crore, reflecting severe margin compression from the West Asia crisis. Q4 volumes grew 6.15% YoYCurrent reported value: 6.15% YoY. No comparable prior figure is available in the source record. to 4.672 mmscmd, driven by CNG (+7.12%) and industrial/commercial (+4.87%), but supply disruptions curtailed industrial volumes to ~80% from mid-March. Management expects FY27 volume growth to exceed 10%Current reported value: 10%. No comparable prior figure is available in the source record. aided by eased infrastructure norms and mandatory PNG conversion, but margins face near-term pressure from incomplete cost pass-through. Key risk: sustained high spot LNG prices and supply uncertainty could delay margin recovery.