Mahanagar Gas Limited

rs,

2025/631 Date: July 23, 2025 To, Head, Listing Compliance Department BSE Limited P. J. Towers, Dalal Street, Mumbai – 400 001 Scrip Code: 539957 Head, Listing Compliance Department National

24.82%

ith 385 CNG filing stations Strong focus on Health, Safety and Environment 3 years Revenue CAGR 24.82% RoE (FY25): 18.94% www.mahanagargas.com 4 Areas of Operation 45,691 Area (sq Km) 47,96,1

18.94%

stations Strong focus on Health, Safety and Environment 3 years Revenue CAGR 24.82% RoE (FY25): 18.94% www.mahanagargas.com 4 Areas of Operation 45,691 Area (sq Km) 47,96,180 Urban Households

rs 3,365

Vehicles – 1,133 CNG Stations - 385 Pipeline (Steel & PE) in Km Industrial & Commercial Customers 3,365 3,183 3,539 Cumulative Steel – 652 PE – 6,887 Cumulative 5,161 1,585 244 267 140 339 Stee

rs 194

& Osmanabad Chitradurga & Davanagere Pipeline (Steel & PE) in Km Industrial & Commercial Customers 194 141 62 PE Cumulative Steel – 38 PE – 397 23 9 6 Steel Ratnagiri Latur & Osmanabad Chitrad

24.30%

rticulars Q1 FY26 Q1 FY25 YoY Q4 FY25 QoQ Revenues Gross Profit EBITDA 1,975.92 1,589.63 24.30% 1,864.85 5.96% 739.55 485.36 629.92 17.40% 651.57 13.50% 418.48 15.98% 378.37 28.28% E

5.96%

Q1 FY25 YoY Q4 FY25 QoQ Revenues Gross Profit EBITDA 1,975.92 1,589.63 24.30% 1,864.85 5.96% 739.55 485.36 629.92 17.40% 651.57 13.50% 418.48 15.98% 378.37 28.28% EBIDTA Margins 2

17.40%

evenues Gross Profit EBITDA 1,975.92 1,589.63 24.30% 1,864.85 5.96% 739.55 485.36 629.92 17.40% 651.57 13.50% 418.48 15.98% 378.37 28.28% EBIDTA Margins 24.56% 26.33% - 20.29% - PBT

13.50%

rofit EBITDA 1,975.92 1,589.63 24.30% 1,864.85 5.96% 739.55 485.36 629.92 17.40% 651.57 13.50% 418.48 15.98% 378.37 28.28% EBIDTA Margins 24.56% 26.33% - 20.29% - PBT PAT EPS 437.

15.98%

,975.92 1,589.63 24.30% 1,864.85 5.96% 739.55 485.36 629.92 17.40% 651.57 13.50% 418.48 15.98% 378.37 28.28% EBIDTA Margins 24.56% 26.33% - 20.29% - PBT PAT EPS 437.77 324.32 32.8

28.28%

3 24.30% 1,864.85 5.96% 739.55 485.36 629.92 17.40% 651.57 13.50% 418.48 15.98% 378.37 28.28% EBIDTA Margins 24.56% 26.33% - 20.29% - PBT PAT EPS 437.77 324.32 32.83 383.69 14.09

24.56%

% 739.55 485.36 629.92 17.40% 651.57 13.50% 418.48 15.98% 378.37 28.28% EBIDTA Margins 24.56% 26.33% - 20.29% - PBT PAT EPS 437.77 324.32 32.83 383.69 14.09% 339.08 29.11% 284.53

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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 Jun-25 Domestic PNG Jul-25 Domestic LPG Assuming 12 cylinders per year Jun-25 Commercial PNG Jul-25 Commercial LPG www.mahanagargas.com 14 Diversified Sourcing Strategy Sales Volume Composition - Q1 FY 26 CNG DPNG Commercial Industrial 70.50% 13.45% 3.23% 12.82% 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 Dividend Per Share (Rs) 15 20 23 25 26 30 30 FY 20 FY 21 FY 22 Normal FY 23 Special FY 24 FY 25 Final Dividend (FY25) of Rs.18/Share declared by Board included above Market Capitalisation (Rs cr.) 19,167 15,774 13,474 12,687 13,700