MGL Seeks Clarity on Pricing Stability at Analyst Meeting

Mahanagar Gas Limited (MGL) will hold an analyst and investor meeting on September 11, 2026. This comes after a recent improvement in its quarterly net profits and a significant increase in capital expenditure to expand its piped natural gas network.

The company's standalone net profit for Q1 FY27 rose by approximately 46.8% sequentially compared to ₹131.92 crore in Q4 FY26, reaching ₹193.7 crore. MGL also increased its CNG prices by ₹2 per kg and domestic PNG by ₹1 per SCM in Mumbai.

The corporate meeting is expected to provide insights into the company's margin preservation strategies and gas sourcing arrangements. MGL has expanded its capital expenditure plan to ₹1,800 crore for FY 2026-27 to accelerate pipeline infrastructure expansion and connections.