Mahanagar Gas Limited

rs,

019/279 Date: August 23, 2019 To, Head, Listing Compliance Department BSE Limited P. J. Towers, Dalai Street, Mumbai - 400 001 Scrip Code/Symbol: 539957; MGL Head, Listing Compliance Departmen

8.2%

ms to seek to ensure safe, reliable and uninterrupted distribution of gas Revenue CAGR (FY14-19): 8.2% Return on Net Worth (FY19): 24.4% Total cash balance of INR 9.5 bn(4,5) Net worth of INR 23.99 bn(5

24.4%

le and uninterrupted distribution of gas Revenue CAGR (FY14-19): 8.2% Return on Net Worth (FY19): 24.4% Total cash balance of INR 9.5 bn(4,5) Net worth of INR 23.99 bn(5) GAIL (India) Ltd. (”GAIL”) (32.

INR 9.5

ution of gas Revenue CAGR (FY14-19): 8.2% Return on Net Worth (FY19): 24.4% Total cash balance of INR 9.5 bn(4,5) Net worth of INR 23.99 bn(5) GAIL (India) Ltd. (”GAIL”) (32.5%) BG Asia Pacific Holding Pte

INR 23.99

FY14-19): 8.2% Return on Net Worth (FY19): 24.4% Total cash balance of INR 9.5 bn(4,5) Net worth of INR 23.99 bn(5) GAIL (India) Ltd. (”GAIL”) (32.5%) BG Asia Pacific Holding Pte. Ltd. (”BGAPH”) (Now a Royal D

32.5%

.4% Total cash balance of INR 9.5 bn(4,5) Net worth of INR 23.99 bn(5) GAIL (India) Ltd. (”GAIL”) (32.5%) BG Asia Pacific Holding Pte. Ltd. (”BGAPH”) (Now a Royal Dutch Shell Co.) (10%) Government of Maha

10%

a) Ltd. (”GAIL”) (32.5%) BG Asia Pacific Holding Pte. Ltd. (”BGAPH”) (Now a Royal Dutch Shell Co.) (10%) Government of Maharashtra (“GoM”) (10.0%) Public (47.5%) Note: (1) Established in 1995; (2) As of

10.0%

Holding Pte. Ltd. (”BGAPH”) (Now a Royal Dutch Shell Co.) (10%) Government of Maharashtra (“GoM”) (10.0%) Public (47.5%) Note: (1) Established in 1995; (2) As of June 30, 2019; (3) Infrastructure exclusi

47.5%

td. (”BGAPH”) (Now a Royal Dutch Shell Co.) (10%) Government of Maharashtra (“GoM”) (10.0%) Public (47.5%) Note: (1) Established in 1995; (2) As of June 30, 2019; (3) Infrastructure exclusivity at least u

110%

ad As of March 31, 2019 New GA Raigad 200th CNG dispensing station Listing on NSE and BSE 110% allocation of domestic gas Pipeline PE – 3,800 km & Steel - 380 km 3rd CGS at Taloja & 4th CG

809 MT

2018(1) India’s primary energy consumption has more than doubled between 2000 and 2018, reaching ~809 MToe(1) India’s per capita energy consumption is one-third of the global average, indicating potentia

12%

Focus Total CGD Demand (mmscmd) Environmental Initiatives 2030E 2025E 2020E 38 25 69 CAGR 12% PNG and CNG Corridor CAGR 9% CGD Expansion in New Cities 2015 15 CAGR 11% Source: (1) BP Sta

Expenses

3

Income Tax Expense

3

Adjustments for

2

Movements in working capital

2

Expenses

Cost of Natural Gas and Traded Items Changes in Inventories Excise Duty Employee Benefits Expense Finance Costs Depreciation and Amortisation Expenses Other Expenses Total Expenses INR Mn For year ended 30.06.2019 (Unaudited) 30.06.2018 (Unaudited) 8,311.91 203.39 8,515.29 3,482.44 (0.06) 736.99 244.07 13.75 371.88 1,080.19 5,929.25 6,762.74 153.36 6,916.10 2,930.17 (0.96) 569.26 168.83 0.63 295.13 986.00 4,949.06 Profit Before Tax for the period(III- IV) 2,586.05 1,967.04

Income Tax Expense

(i) Current Tax (ii) Deferred Tax Total Income Tax Expense (i+ii) Profit After Tax for the period(V - VI) Other Comprehensive Income Items that will not be reclassified to profit or loss : Gains/(Losses) on Remeasurements of the Defined Benefit Plans Income tax relating to items that will not be reclassified to profit or loss Total Other Comprehensive Income 808.15 75.59 883.74 611.80 71.99 683.79 1,702.31 1,283.25 4.81 (1.68) 3.13 3.98 (1.39) 2.59 IX Total Comprehensive Income for the period (VII + VIII) 1,705.44 1,285.84 29 Statement of Assets and Liabilities as at March 31, 2019 INR Mn Particulars ASSETS I. Non-current Assets (a) Property, Plant and Equipment (b) Capital Work-in-Progress (c) Intangible Assets (d) Financial Assets (i) Trade receivables (ii) Security Deposits (iii) Other Financial Assets (e) Income Tax Assets (net) (f) Other Non-current Assets Total Non-current Assets (I) II. Current assets Inventories (b) Financial Assets Investments (i) (ii) Trade Receivables (iii)

Expenses

Cost of Natural Gas and Traded Items Changes in Inventories Excise Duty on Sale of Compressed Natural Gas Employee Benefits Expense Finance Costs Depreciation and Amortisation Expenses Other Expenses Total Expenses Profit Before Tax for the year (III + IV)

Income Tax Expense

(i) Current Tax (ii) Deferred Tax Total Income Tax Expense (i+ii) For the year ended 31st March 2019 For the year ended 31st March 2018 30,567.93 777.13 31,345.06 13,992.64 (1.04) 2,657.20 708.79 3.23 1,259.31 4,355.81 22,975.94 8,369.12 2,613.97 291.26 2,905.23 24,529.17 576.81 25,105.98 10,291.62 (0.47) 2,199.10 670.17 0.90 1,111.85 3,567.67 17,840.84 7,265.14 2,117.58 368.83 2,486.41 Profit After Tax for the year (V – VI) Other Comprehensive Income Items that will not be reclassified to profit or loss : Gains/(Losses) on Remeasurements of the Defined Benefit Plans Income tax relating to items that will not be reclassified to profit or loss Total Other Comprehensive Income Total Comprehensive Income for the year (VII – VIII) 5,463.89 4,778.73 19.25 (6.73) 12.52 5,476.41 15.90 (5.63) 10.27 4,789.00 32 Statement of Cash Flows for the year ended March 31, 2019 INR Mn PARTICULARS I. CASH FLOW FROM OPERATING ACTIVITIES Profit before tax as per Statement of Profit and Loss

Adjustments for

Depreciation and Amortisation Expense Write-off and Loss on Disposal of Property, Plant and Equipment Net unrealised foreign exchange (gain)/ loss Gain on sale of Investments Unrealised Gain on Investments Allowance for Doubtful Trade Receivables (Net) Allowance for Doubtful Security Deposits (Net) Bad Trade Receivables written off Sundry Deposits written Off Finance Costs Dividend Income on Investments Interest Income Operating Profit Before Working Capital Changes

Movements in working capital

(Increase)/Decrease in Inventories (Increase)/Decrease in Trade Receivables (Increase)/Decrease in Security Deposits (Increase)/Decrease in Other Financial Assets (Increase)/Decrease in Other Non Current Assets (Increase)/Decrease in Other Current Assets Increase/(Decrease) in Other Financial Liabilities Increase/(Decrease) in Provisions Increase/(Decrease) in Trade Payables Increase/(Decrease) in Security Deposits (Liability) Increase/(Decrease) in Other Current Liabilities Cash Generated from Operations Income Taxes Paid Net Cash from Operating Activities For the year ended 31st March 2019 For the year ended 31st March 2018 8,369.12 1,259.31 42.17 (7.45) (28.16) (117.89) (0.28) 55.90 6.28 14.08 3.23 (195.26) (267.49) 9,133.56 48.81 (115.20) (6.60) (275.65) (0.82) (11.25) (485.50) 32.25 431.67 747.84 52.56 418.11 9,551.67 (2,708.07) 6,843.60 7,265.13 1,111.85 24.92 5.99 (44.19) (62.92) 1.81 9.27 1.01 3.19 0.90 (188.98) (144.93) 7,983.05 (2.35) 50.01 (6.07) (91.53) 35.46 34.87 344.61 8