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The scheme, effective from 1 September 2026, incentivises CGD companies to convert unbilled PNG connections into active billed connections and expand their domestic PNG network into new areas. The initiative is aimed at accelerating household access to cleaner, safer and affordable piped cooking gas.
Under the scheme, eligible CGD entities will receive an additional allocation of 200 standard cubic metres (SCM) of domestically produced, lower-priced APM gas for every incremental billed domestic PNG connection achieved above the threshold level specified for the respective geographical area.
The additional gas allocation will substitute the costlier Liquefied Natural Gas (LNG) that CGD entities currently procure for their Compressed Natural Gas (Transport) segment, thereby lowering their overall gas-sourcing costs.
The resulting cost savings are expected to shorten the payback period for capital expenditure incurred on domestic PNG connections from around 10 years to approximately 3 years, providing CGD entities a strong financial incentive to expand household PNG connectivity more rapidly.
Mahanagar Gas Ltd rose for a third straight session today. The stock is quoting at Rs 1135, up 1.01% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.28% on the day, quoting at 24567. The Sensex is at 78526.75, down 0.54%. Mahanagar Gas Ltd has added around 3.76% in last one month.
Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has added around 0.2% in last one month and is currently quoting at 38683.25, up 0.23% on the day. The volume in the stock stood at 71915 shares today, compared to the daily average of 2.89 lakh shares in last one month.
The PE of the stock is 15.38 based on TTM earnings ending June 26.
Mahanagar Gas Ltd rose for a third straight session today. The stock is quoting at Rs 1130, up 1.03% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.39% on the day, quoting at 24413.1. The Sensex is at 78193.78, up 0.34%. Mahanagar Gas Ltd has dropped around 2.75% in last one month.
Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has dropped around 2.87% in last one month and is currently quoting at 38313.55, up 0.81% on the day. The volume in the stock stood at 5.6 lakh shares today, compared to the daily average of 2.59 lakh shares in last one month.
The PE of the stock is 13.04 based on TTM earnings ending March 26.
Revenue from operations (excluding excise duty) increased 15.62% quarter on quarter to Rs 2,371.71 crore in Q1 FY27 from Rs 2,051.22 crore in the previous quarter.
On a year-on-year basis, the company's net profit declined 39.39%, while revenue from operations (excluding excise duty) rose 13.95% in Q1 FY27.
Profit before tax (PBT) stood at Rs 259.07 crore in Q1 FY27, declining 40.06% quarter on quarter but rising 45.15% year on year.
EBITDA rose 31.74% quarter on quarter to Rs 342.98 crore in Q1 FY27 from Rs 260.34 crore in Q4 FY26. On a year-on-year basis, EBITDA declined 31.50% from Rs 500.71 crore. EBITDA margin improved to 14.46% from 12.69% in the previous quarter but narrowed from 24.06% in the corresponding quarter last year.
Total sales volume increased 3.14% quarter on quarter to 433.71 million standard cubic metres (SCM) in Q1 FY27 from 420.50 million SCM in Q4 FY26. On a year-on-year basis, total sales volume grew 7.01% from 405.28 million SCM.
CNG sales volume rose 5.55% quarter on quarter and 9.74% year on year to 318.09 million SCM. PNG sales volume declined 2.95% quarter on quarter to 115.61 million SCM but edged up 0.16% year on year.
Mahanagar Gas is engaged in the city gas distribution (CGD) business, supplying natural gas to domestic, industrial and commercial customers, as well as compressed natural gas (CNG) for vehicles.
Mahanagar Gas Ltd is up for a fifth straight session in a row. The stock is quoting at Rs 1210.3, up 0.12% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.13% on the day, quoting at 24117.25. The Sensex is at 77266.23, up 0.14%. Mahanagar Gas Ltd has risen around 14.24% in last one month.
Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has risen around 1.77% in last one month and is currently quoting at 40238.45, up 0.08% on the day. The volume in the stock stood at 1.02 lakh shares today, compared to the daily average of 2.46 lakh shares in last one month.
The PE of the stock is 14.1 based on TTM earnings ending March 26.
Mahanagar Gas Ltd is up for a third straight session in a row. The stock is quoting at Rs 1163.4, up 2.14% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.34% on the day, quoting at 23934.35. The Sensex is at 76624.33, up 0.47%. Mahanagar Gas Ltd has risen around 9.89% in last one month.
Meanwhile, Nifty Energy index of which Mahanagar Gas Ltd is a constituent, has risen around 0.54% in last one month and is currently quoting at 39493.95, up 0.6% on the day. The volume in the stock stood at 2.65 lakh shares today, compared to the daily average of 2.09 lakh shares in last one month.
The PE of the stock is 13.29 based on TTM earnings ending March 26.