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• India is the third-largest energy consumer globally, with natural gas expected to play a dominant role in future economic growth.
• CGD sector is expected to grow rapidly, driven by increasing natural gas preference and investments of $67 billion (₹5,59,395 crore) planned in the natural gas sector over the next five years.
• MGL's corporate vision is to be a world-class, consumer & environment-friendly company, committed to providing safe, efficient, and reliable energy while creating value for stakeholders.
• MGL has a consistent track record with over 30 years of growth, secured gas availability, a strong customer base, extensive infrastructure, and a commitment to HSE.
• MGL's infrastructure includes 7,460+ Kms of pipeline, 385 CNG stations, and serves 28.33 Lakhs+ PNG households and 11.13 Lakhs+ CNG vehicles.
• Strategy for growth includes strengthening infrastructure, increasing market penetration, cost-effective sourcing, and digital initiatives.
• MGL is diversifying within the energy space, exploring EV, Biogas, LNG, and Hydrogen opportunities.
• MGL has a debt-free status with a treasury surplus and consistently rated AAA (Stable) by ICRA.
• MGL is undertaking promotional activities like CNG Mahotsav to promote CNG adoption and PNG promotion with special waivers and incentives.
• MGL is focused on CSR activities in areas like education, skills development, healthcare, and environment.
• MGL is implementing safety and operational control systems, including emergency control stations, vehicle monitoring, and video analytics.
• MGL is committed to ESG initiatives, including emissions reduction and environmental projects.
• MGL has invested ₹15.30 crore in Mahanagar LNG Private Limited (MLPL), ₹562.09 crore in Unison Enviro Private Limited (UEPL) , ₹73 Crore in 3EV Industries Private Limited and ₹35.35 crores in International Battery Company India Private Limited (‘IBC India’).
• Revenue (Net) ₹6,924 crore, PAT ₹1,045 crore, EBIDTA ₹2,466 crore and Gross Margin ₹1,510 crore for FY25.

• Mahanagar Gas Limited (MGL) will be meeting with analysts and institutional investors as part of the India Investment Forum 2025.
• The meeting is scheduled for Wednesday, June 04, 2025, and will be an in-person group meeting.
• This information is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• The schedule is subject to change, and no unpublished price-sensitive information will be shared during the meeting.
• The information is also available on the company's website: www.mahanagargas.com.

• Mahanagar Gas Limited (MGL) will hold an Investors’ and Analysts’ Meet 2025 on Friday, June 6, 2025, from 3:30 pm to 6:00 pm.
• The meeting will be a group meeting and held in person in Mumbai.
• The agenda includes a welcome address, company presentation, and a Q&A session.
• Key management representatives including Mr. Ashu Shinghal (Managing Director), Mr. Sanjay Shende (Deputy Managing Director), Mr. Rajesh Patel (Chief Financial Officer), and Mr. Rajesh Wagle (Sr. Vice President, Marketing) will be present.
• No unpublished price-sensitive information will be shared during the meeting.
• Entry is with prior registration only, with registrations from 3:00 PM to 3:30 PM.

Mahanagar Gas Limited (MGL) announced its financial and operational performance for the quarter and year ended March 31, 2025.

Key Highlights:

• Q4 FY25 Performance:
  • Average sales volume: 4.194 mmscmd (up from 4.116 mmscmd in Q3 FY25).
  • EBITDA from operations: ₹378 crore (up 20% YoY from ₹314 crore in Q4 FY24).
  • Net Profit After Tax (PAT): ₹252 crore (up 12% YoY from ₹225 crore in Q4 FY24).
• Full Year FY25 Performance:
  • Average sales volume: 4.045 mmscmd (up 12.27% YoY from 3.609 mmscmd in FY24).
  • Volume Breakup FY25:
    • CNG: 2.878 mmscmd (up 11.08% YoY).
    • Domestic PNG: 0.554 mmscmd (up 6.53% YoY).
    • Industrial & Commercial (I&C) PNG: 0.621 mmscmd (up 24.46% YoY).
  • EBITDA from operations: ₹1,510 crore (compared to ₹1,843 crore in FY24, decrease attributed mainly to reduced APM allocation and higher gas costs impacting margins).
  • Net Profit After Tax (PAT): ₹1,045 crore (compared to ₹1,289 crore in FY24).
  • Added 1,50,142 domestic households in Q4, taking total connectivity to nearly 2.83 million households by 31 March 25.
  • Laid 236.07 km of pipelines in Q4, total length over 7,459 km.
  • Added 24 CNG stations in Q4, total 385 stations by 31 March 25.
  • Added 164 I&C customers in Q4, total 5,105 customers by 31 March 25.
  • Added 98,215 CNG vehicles during FY25 (highest since inception), total over 1.1 million CNG vehicles by 31 March 25.
• Raigad GA Progress (by March 25):
  • Connected 95,714 domestic households.
  • 65 CNG stations operational.
  • Laid 466.9 km of pipeline.
• UEPL (Wholly Owned Subsidiary) Performance FY25:
  • Added 26 CNG stations (total 82).
  • Added 12,002 domestic households (total connectivity nearly 39,000).
  • Added 9 I&C customers.
  • Laid 95.63 km of pipeline (total over 361 km).
  • Added 13,678 CNG vehicles (total 54,000).
  • Average sales volume FY25: 0.182 mmscmd (up 41% YoY).
• Consolidated Entity (MGL + UEPL) FY25: Achieved total sales volume of 4.235 mmscmd.
• Dividend: Board approved a final dividend of ₹18 per equity share for FY25. Total dividend for the year (including interim) is ₹30 per share (300%).
• Gas Sourcing Mix (Q4 FY25 Average): Roughly 2 mmscmd APM, 0.5 mmscmd HPHT, 1.35-1.4 mmscmd Term Contracts (mostly Henry Hub, some Brent), balance from IGX (mostly spot HPHT).
• Current Gas Sourcing (April 25): Around 1.67 mmscmd APM and 0.65 mmscmd New Well Gas. Incremental volumes sourced from other sources (HPHT, Term Contracts, IGX spot).
• Operating Expenses (OPEX): Q4 FY25 OPEX included marketing scheme costs (around ₹11 crore), CSR expenditure (around ₹10 crore), and higher maintenance activities. FY25 total marketing spend on promotional schemes for vehicles was around ₹32-34 crore. Annual CSR expenditure increased to around ₹22-23 crore.
• FY26 Guidance:
  • Volume growth: Expected in the range of 10% (+/-1%).
  • EBITDA margin: Guided around ₹9 to ₹11 per scm (FY25 margin was around ₹10 per scm).
• FY26 CAPEX Plan: Expected around ₹1,300 crore (including around ₹150 crore in UEPL). Broad breakup: Around ₹300 crore for CNG, around ₹500 crore for PNG (including pipelines), around ₹200 crore for pipelines, around ₹100 crore for operational CAPEX, and replacement CAPEX.
• Joint Ventures Update:
  • 3EV: Committed 32% equity (around ₹96 crore). Paid three tranches (₹23 crore balance). Producing around 200 vehicles/month, aiming to ramp up capacity.
  • International Battery Company (IBC): Committed for 1 GW initially, scaling up to 5 GW. Company formed, land acquired, site work started. Plant expected in 12-15 months. MGL contributing 40% equity, IBC USA 60%. Seeding market by importing cells and making packs in India.
• Regulatory/Legal Updates: Discussions ongoing with Bombay High Court committee on EV transition and pollution control. PNGRB committee on open access is internal, subject to Delhi High Court decision; potential for infrastructure exclusivity extension and mixed impact from marketing exclusivity ending.
• LNG Trucking: Running station at Savroli (selling around 4 tons/day). JV (MLPL) started station in Aurangabad, commissioned one at Seoni (MP), constructing at Amravati, JNPT station expected by Q3 FY26. Seeing good potential and customer demand.
• GA-wise Volume Breakup (Average): GA-1: 1.93 mmscmd, GA-2: 1.88 mmscmd, GA-3: 0.25 mmscmd.

Mahanagar Gas Limited (MGL) announced that its Board of Directors, in a meeting held on May 06, 2025, approved the appointment of M/s. M P Sanghavi & Associates LLP as the Secretarial Auditors of the company.

• The appointment is for a period of five consecutive years.
• The term will commence from FY 2025-26 and continue till FY 2029-30.
• This appointment is subject to the approval of the shareholders of the company at the ensuing Annual General Meeting.
• M/s. M P Sanghavi & Associates LLP is a Peer reviewed firm by ICSI with over two decades of presence in corporate law compliance services. The designated partners, CS. Mita Sanghavi & CS. Pushpal Sanghavi, have a combined experience of over 4 decades in corporate law compliance.