Mahanagar Gas Receives NCLT Approval for Subsidiary Amalgamation

1 min read     Updated on 23 Jul 2025, 07:29 PM
scanxBy ScanX News Team
whatsapptwittershare
Overview

Mahanagar Gas Limited (MGL) has received NCLT approval for the amalgamation of its wholly-owned subsidiary, Unison Enviro Private Limited (UEPL). The NCLT order was pronounced on July 9, 2025, and MGL received the certified copy on July 23, 2025. The scheme will become effective upon filing with the Registrar of Companies. This development follows previous disclosures made by the company regarding the amalgamation scheme.

14824805

*this image is generated using AI for illustrative purposes only.

Mahanagar Gas Limited (MGL), a leading city gas distribution company, has reached a significant milestone in its corporate restructuring efforts. The company recently announced that it has received the certified true copy of an order from the National Company Law Tribunal (NCLT), Mumbai Bench, approving the amalgamation of its wholly-owned subsidiary, Unison Enviro Private Limited (UEPL), with itself.

Key Details of the Amalgamation

  • The NCLT pronounced the order on July 9, 2025, and MGL received the certified copy on July 23, 2025.
  • The scheme will become effective upon filing the order with the Registrar of Companies, Maharashtra at Mumbai by both the transferor (UEPL) and transferee (MGL) companies.
  • This development follows previous disclosures made by the company on October 24, 2024, November 11, 2024, and July 9, 2025, regarding the amalgamation scheme.

Implications and Next Steps

The amalgamation is expected to streamline operations and potentially lead to improved operational efficiency for Mahanagar Gas Limited. The company will now proceed with the necessary filings to complete the amalgamation process.

About Mahanagar Gas Limited

Mahanagar Gas Limited is one of the largest city gas distribution companies in India, with a strong presence in Mumbai and its adjoining areas. The company provides Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) services to various customer segments.

Recent Financial Performance

While not directly related to the amalgamation news, it's worth noting that MGL has recently reported its financial results for the quarter ended June 30, 2025:

Metric Value (₹ crore) YoY Change
Revenues 1,975.92 +24.30%
EBITDA 485.36 +15.98%
PAT 324.32 +13.98%
EPS 32.83 +14.00%

Operational Highlights

As of the latest reported data:

  • MGL serves over 2.85 million PNG household connections
  • The company operates 385 CNG stations
  • It caters to approximately 1.13 million CNG vehicles
  • MGL's pipeline network extends over 7,539 kilometers

The amalgamation of Unison Enviro Private Limited with Mahanagar Gas Limited marks a significant step in the company's corporate strategy. As the process moves forward, stakeholders will be keenly watching how this consolidation impacts MGL's operations and market position in the city gas distribution sector.

Historical Stock Returns for Mahanagar Gas

1 Day5 Days1 Month6 Months1 Year5 Years
-3.41%-8.70%-4.55%+9.66%-21.26%+37.72%
Mahanagar Gas
View in Depthredirect
like18
dislike

Mahanagar Gas Reports 24% Revenue Growth in Q1 FY26 Results

1 min read     Updated on 23 Jul 2025, 03:54 PM
scanxBy ScanX News Team
whatsapptwittershare
Overview

Mahanagar Gas Limited (MGL) has reported strong financial results for Q1 FY26. Revenue increased by 24.30% year-over-year to ₹1,975.92 crore. Profit after tax (PAT) grew by 13.98% to ₹324.32 crore. EBITDA rose by 15.98% to ₹485.36 crore, although EBITDA margins slightly declined. MGL's operational performance shows expansion with 7,539 km of pipeline, 385 CNG stations, serving 1.13 million CNG vehicles and 2.85 million PNG household connections. The sales composition is dominated by CNG at 70.50%, followed by Domestic PNG at 13.45%.

14811877

*this image is generated using AI for illustrative purposes only.

Mahanagar Gas Limited (MGL), one of India's largest city gas distribution companies, has reported a robust financial performance for the first quarter of FY26, demonstrating significant growth across key metrics.

Financial Highlights

MGL posted a substantial 24.30% year-over-year increase in revenue, reaching ₹1,975.92 crore for the quarter ended June 30, 2025, up from ₹1,589.63 crore in the same period last year. The company's profit after tax (PAT) grew by 13.98% to ₹324.32 crore, compared to ₹284.53 crore in Q1 FY25.

Financial Metric Current Quarter Previous Year Quarter YoY Change
Revenue 1,975.92 1,589.63 24.30%
EBITDA 485.36 418.48 15.98%
PAT 324.32 284.53 13.98%
EPS (₹) 32.83 28.80 14.00%

All figures in ₹ crore, except EPS

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a healthy increase of 15.98%, reaching ₹485.36 crore. However, EBITDA margins experienced a slight decline, moving from 26.33% in the previous year to 24.56% in the current quarter.

Operational Performance

MGL continues to expand its infrastructure and customer base:

  • Pipeline Network: The company now operates over 7,539 km of pipeline infrastructure.
  • CNG Stations: 385 CNG filling stations are currently in operation.
  • Vehicle Coverage: MGL serves 1.13 million CNG vehicles.
  • Household Connections: 2.85 million PNG (Piped Natural Gas) household connections have been established.

Sales Composition

The sales volume composition for the quarter showcases the company's diverse customer base:

  • CNG (Compressed Natural Gas): 70.50% of total sales
  • Domestic PNG: 13.45%
  • Commercial PNG: 3.23%
  • Industrial PNG: 12.82%

Market Position

As one of the largest CGD (City Gas Distribution) companies in India, Mahanagar Gas continues to strengthen its market position. The company's robust financial performance, coupled with its expanding infrastructure and growing customer base, underscores its strong footing in the natural gas distribution market.

MGL's consistent growth trajectory and focus on expanding its CNG and PNG networks position it well to capitalize on the increasing demand for cleaner fuel alternatives in urban areas. The company's performance in the quarter reflects its ability to navigate market challenges while delivering value to its stakeholders.

The company held an investor presentation on July 23, 2025, to discuss these quarterly results and operational performance.

Historical Stock Returns for Mahanagar Gas

1 Day5 Days1 Month6 Months1 Year5 Years
-3.41%-8.70%-4.55%+9.66%-21.26%+37.72%
Mahanagar Gas
View in Depthredirect
like16
dislike
More News on Mahanagar Gas
Explore Other Articles
Howard Hotels Reports Revenue Growth in Q1 FY2026, Profit Declines 1 minute ago
CIL Securities Reports Q1 FY2026 Results, Announces CFO Transition 2 minutes ago
106 Indian Stocks Set for Corporate Actions: Dividends, Splits, and Bonuses in Focus 5 minutes ago
Prima Plastics Secures NCLT Approval for Crucial Shareholder Meeting on Demerger Scheme 14 minutes ago
Fabheads Automation Secures ₹83 Crore in Series A Funding to Revolutionize Composite Manufacturing 15 hours ago
VA TECH WABAG Secures INR 380 Crore Water Treatment Project in Bengaluru 17 hours ago
1,379.80
-48.70
(-3.41%)