MGL reports Rs 192.64 cr profit with a 14.45% operating margin
The consolidated quarter included Rs 30.12 cr of other income, while depreciation and interest reduced profit before tax to Rs 258.01 cr.
Filed 30 Jul 2026, 13:56 IST · Mahanagar Gas Ltd (MGL)
Key takeaways
- MGL reported consolidated net profit of Rs 192.64 cr and EPS of Rs 19.54 in Q1FY27.
- Operating profit was Rs 342.78 cr at a 14.45% margin, while expenses were Rs 2,029.94 cr.
- MGL's 14.45% operating margin matched the Energy-sector median across 9 reported peers.
Price around the results
Q1FY27 profit bridge
MGL's consolidated operating profit of Rs 342.78 cr converted to profit before tax of Rs 258.01 cr after depreciation of Rs 108.96 cr and interest of Rs 5.93 cr. Other income contributed Rs 30.12 cr to the quarter, so reported profit included a non-operating component. Net profit was Rs 192.64 cr after a 25.34% tax rate.
Operating margin and profit quality
The 14.45% operating margin represents the quarter's operating conversion on revenue of Rs 2,372.72 cr, with expenses at Rs 2,029.94 cr. The 25.34% tax rate shaped the conversion from profit before tax to net profit, while other income was another factor below operating profit.
Position within the Energy peer set
MGL's 14.45% operating margin matched the median for the 9 Energy companies that had reported the same quarter. It ranked sixth from the bottom of that reported peer set, making the peer comparison broadly in line with the sector midpoint.
Q1FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹2,373 cr |
| Other income | ₹30 cr |
| Expenses | ₹2,030 cr |
| Operating profit | ₹343 cr |
| Operating margin (%) | 14.45% |
| Interest | ₹6 cr |
| Depreciation | ₹109 cr |
| Profit before tax | ₹258 cr |
| Tax | ₹65 cr |
| Net profit | ₹193 cr |
| EPS (₹) | ₹19.54 |
Operating margin of 14.45% compares with a Energy sector median of 14.45% across 9 peers that have reported Q1FY27.
What to watch
- Whether operating margin holds above 14.45%.
- Whether operating profit remains above Rs 342.78 cr.
- Whether the tax rate stays near 25.34%.