Mahanagar Gas Limited

rs,

/2025/615 Date: May 07, 2025 To, Head, Listing Compliance Department BSE Limited P. J. Towers, Dalal Street, Mumbai - 400 001 Scrip Code: 539957 Head, Listing Compliance Department National

14.33%

ith 385 CNG filing stations Strong focus on Health, Safety and Environment 3 years Revenue CAGR 14.33% RoE (FY24): 18.90% www.mahanagargas.com 4 Areas of Operation 45,691 Area (sq Km) 47,96,1

18.90%

stations Strong focus on Health, Safety and Environment 3 years Revenue CAGR 14.33% RoE (FY24): 18.90% www.mahanagargas.com 4 Areas of Operation 45,691 Area (sq Km) 47,96,180 Urban Households

rs 3,348

CNG Vehicles 1,113 CNG Stations 385 Pipeline (Steel & PE) in Km Industrial & Commercial Customers 3,348 3,138 Cumulative 3,527 243 264 135 332 Steel PE GA 1 GA 2 GA 3 Steel 641 PE 6,819 1,56

rs 132

& Osmanabad Chitradurga & Davanagere Pipeline (Steel & PE) in Km Industrial & Commercial Customers 132 144 Cumulative 59 5 16 6 Steel Ratnagiri 59 PE Steel 27 PE 335 Cumulative 66 3 4 Latu

19.00%

rore Particulars Q4FY25 Q4FY24 YoY Q3FY25 QoQ FY25 FY24 YoY Revenues 1,864.85 1,567.05 19.00% 1,757.57 6.10% 6,923.68 6,244.53 10.88% Gross Profit 651.58 615.36 5.89% 552.73 17.88%

6.10%

Q4FY25 Q4FY24 YoY Q3FY25 QoQ FY25 FY24 YoY Revenues 1,864.85 1,567.05 19.00% 1,757.57 6.10% 6,923.68 6,244.53 10.88% Gross Profit 651.58 615.36 5.89% 552.73 17.88% 2,465.76 2,626.4

10.88%

5 QoQ FY25 FY24 YoY Revenues 1,864.85 1,567.05 19.00% 1,757.57 6.10% 6,923.68 6,244.53 10.88% Gross Profit 651.58 615.36 5.89% 552.73 17.88% 2,465.76 2,626.46 -6.12% EBITDA 378.38 3

5.89%

64.85 1,567.05 19.00% 1,757.57 6.10% 6,923.68 6,244.53 10.88% Gross Profit 651.58 615.36 5.89% 552.73 17.88% 2,465.76 2,626.46 -6.12% EBITDA 378.38 393.78 -3.91% 314.40 20.35% 1,509.

17.88%

19.00% 1,757.57 6.10% 6,923.68 6,244.53 10.88% Gross Profit 651.58 615.36 5.89% 552.73 17.88% 2,465.76 2,626.46 -6.12% EBITDA 378.38 393.78 -3.91% 314.40 20.35% 1,509.78 1,842.63 -1

6.12%

923.68 6,244.53 10.88% Gross Profit 651.58 615.36 5.89% 552.73 17.88% 2,465.76 2,626.46 -6.12% EBITDA 378.38 393.78 -3.91% 314.40 20.35% 1,509.78 1,842.63 -18.06% EBIDTA Margins 20.2

3.91%

Profit 651.58 615.36 5.89% 552.73 17.88% 2,465.76 2,626.46 -6.12% EBITDA 378.38 393.78 -3.91% 314.40 20.35% 1,509.78 1,842.63 -18.06% EBIDTA Margins 20.29% 25.13% - 17.89% - 21.81%

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(1) Mileage of CNG LCV – 10 km/ kg, Diesel LCV – 10 km/ ltr (2) Mileage of CNG Car – 26 km/kg, Petrol car – 18 kms/ ltr Mar-25 Apr-25 Domestic PNG Assuming 12 cylinders per year Domestic LPG Mar-25 Apr-25 Commercial PNG Commercial LPG www.mahanagargas.com 14 Diversified Sourcing Strategy Sales Volume Composition - FY 25 12.00% 3.32% 13.67% 71.01% CNG DPNG Commercial Indistrial Priority Segment Forms Majority • Distribution - Majority of MGL’s sales are from CNG and D-PNG • Gas for D-PNG - 100% APM allocation is available • Gas for CNG – Partially from APM allocation and balance from Market determined price Term & SPOT Non-Priority Segment • Gas for I&C - Market determined price Term www.mahanagargas.com 15 Shareholding, Dividend and Market Capitalisation Promoter, 32.50% FPIs/ NRIs, 24.25% Government of Maharashtra, 10.00% Public, IEPF, Others, 9.43% Domestic Institutional Investors, 23.82% Dividend Per Share (Rs) 15 20 23 25 26 30 30 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 Normal Special