MGL Q4 net profit falls 35% QoQ as EBITDA margin shrinks to 13%; declares dividend

Piped natural gas supplier Mahanagar Gas Ltd (MGL) on Thursday (May 7) reported a 35.4% quarter-on-quarter decline in consolidated net profit at ₹130 crore in Q4, compared with ₹201 crore in the previous quarter.

Revenue was largely flat, slipping 0.4% to ₹2,052 crore from ₹2,060 crore on a sequential basis. EBITDA fell 26.1% to ₹260 crore from ₹352 crore, while EBITDA margin declined to 12.7% from 17.1% in the previous quarter.

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The company has recommended a final dividend of ₹18 per equity share of face value ₹10 each for the financial year 2025-26, subject to shareholder approval. This is in addition to the interim dividend of ₹12 per share declared earlier on February 07, 2026. The total dividend for the financial year will be ₹30 per equity share.

Shares of Mahanagar Gas Ltd ended at ₹1,179.60, up by ₹11.00, or 0.94%, on the BSE.