Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026

MAHANAGAR GAS LIMITED MAHANAG AR Ref: MGL/CS/SE/2026/733 Date: November 03, 2026 Head, Listing Compliance Department Head, Listing Compliance Department BSE Limited National Stock Exchange of India Limited P. J. Towers, Exchange Plaza, Bandra - Kurla Complex, Dalal Street, Bandra (East), Mumbai - 400 001 Mumbai - 400 051 Scrip Code: 539957 Svmbol: MGL Dear Sir/ Madam, Sub: Outcome of Board Meeting held on Tuesday, November 03, 2026 In continuation to our letter dated October 26, 2026 and pursuant to Regulations 30, 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations') read with. Schedule III of the Listing Regulations, we are attaching herewith Unaudited Standalone and Consolidated Financial Results for the quarter and half year ended September 30, 2026, along with Independent Auditor's Limited Review Report thereon. The said Financial Results were duly reviewed and approved by the Board of Directors of the Company at its meeting held today, pursuant to the recommendations of the Audit Committee. The Board Meeting commenced at 1100 hours and concluded at \ ~ 2-D hours. The above information is also available on the website of the Company at www.mahanagariias.com You are requested to take the above information on your records. Thanking you, Yours sincerely, Atul Prabhu Company Secretary & Compliance Officer Encl.: As above Regd. Office: MGL House, Block G-33, Bandra -Kurla Complex, Bandra (East}, Mumbai -400 OS 1 T + 91 22 6678 5000 I Einfo@mahanagargas.comIWwww.mahanagargas.com I CIN L40200MHT 995PLC088133 An ISO 9001, 14001 & 45001 Certified Company Deloitte Chartered Accountants One International Center, Haskins & Sells LIP Tower 3, 31 st Floor, Senapati Bapat Marg Elphinstone Road Owest) Mumbai -400 013 Maharashtra, India Tel: +91 22 6185 6000 Fax: +91 22 6185 4101 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF MAHANAGAR GAS LIMITED 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of MAHANAGAR GAS LIMITED (``the Company"), for the quarter and six months ended September 30, 2026 ("the Statement''), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (``the Listing Regulations''). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 ``Interim Financial Reporting" (``Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 0f the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. For Deloitte Haskins & Sells LLP Chartered Accountants (Firm's Registration No.117366W/W-100018) \wlgiv4 Pallavi Sharma (Partner) (Membership No.113861) (UDIN: 2G`\38C\QM2AK`SD2-S-) place: Mumbai Date: November 3, 2026 Regd. Office: One International Center, Tower 3, 31 st floor, Senapati Bapat Marg, Elphinstone Road Owest), Mumbai-400 013, Maharashtra, India. Deloitte Haskins & Sells LLP is registered with Limited Liability having LLP identification No: AAB-8737 MAHANAGAR GAS LIMITED CIN : L40200MH199SPLC088133 Registered Office: MGL House, G-33 Block, Bandra-Kurla Complex, Bandra (East), Mumbai -4000S1 Part -I : Statement of Unaudited Standalone Financial Results for the quarter and sbc months ended September 30, 2026 ('!: in Crorel for three months ended For six months ended For the year Sr. Particulars 30.09.2026 30.06.2026 30.09.2025 30.09.2026 30.09.2025 ended No. 31.03.2026 !Unaudited) {Unaudited) (Unaudited) (Unaud lted) (Unaudited) (Audited) I Revenue from Operations 2,776.74 2,597.89 2,255.29 5,374.63 4,535.73 9,059.77 II Other Income 23.51 30.37 28.87 53.88 60.80 119.20 Ill Total Income {I+ II) 2 800.25 2 628.26 2 284.16 SA28.51 4 S96.53 9,178.97 IV Expenses: Purchase of Natural Gas and Traded Items 1,913.55 1,733.38 1,424.88 3,646.93 2,734.95 5,632.24 Changes in Inventories (3.25) (0.91) (0.14) (4.16) (0.50) (1.05) Excise Duty 239.66 226.18 205.96 465.84 405.02 819.56 Employee Benefits Expense 60.47 46.34 48.84 106.81 85.91 176.36 Fin an ce Costs 7.59 S.73 5.01 13.32 9.50 20.57 Depreciation and Amortisation Expenses 116.27 108.55 103.80 224.82 199.73 409.18 Other Expenses 261.56 249.92 237.80 511.48 471.69 981.59 Total Expe n,ses 2,595.85 2,369.19 2,026.15 4,965.04 3,906.30 8,038.45 V Profit Before Exceptional Items and Tax for the period {Ill-IVI 204.40 259.07 258.01 463.47 690.23 1140.S2 VI Exceptional Items (refer note 6) 17.33 - - 17.33 - - VII Profit Before Tax for the period {V-VI) 187.07 259.07 258.01 446.14 690.23 1,140.S2 VIII Income Tax Expense: (i) Current Tax 47.44 48.02 55.93 95.46 149.64 232.92 (ii) Excess Provision for earlier years - - - - - (0.22) (iii) Deferred Tax 2.60 17.35 8.71 19.95 27.66 61.00 Total Income Tax Expense (i+ii+iii) 50.04 65.37 64.64 115.41 177.30 293.70 IX Profit After Tax for the period (VII -VIII) 137.03 193.70 193.37 330.73 512.93 846.82 X Other Comprehensive Income/ (Loss) Items that will not be reclassified to profit or loss {1.44) 1.78 (0.23) 0.34 (0.94) 7.11 Income tax relating to items that will not be reclassified to 0.36 (0.45) 0.06 (0.09) 0.24 (1.80) profit or loss Total Other Comprehensive Income/ (Loss) (1.08) 1.33 (0.17) 0.25 10.701 5.31 XI Total Comprehensive Income for the period {JX + XJ 135.95 195.03 193.20 330.98 512.23 8S2.13 XII Paid up Equity Share Capital 98.78 98.78 98.78 98.78 98.78 98.78 {Equity Shares of ~10 each fully paid up) Other Equity Excluding Revaluation Reserve 6,335.48 XIII Earnings per equity share (EPS) {Face value of 'I: 10/-each) Basic and Diluted {")• 13.87 19.61 19.58 33.48 51.93 85.73 * Not annualised for the interim periods There were no discontinued operation(s) during the periods presented. MAHANAGAR GAS LIMITED CIN: L40Z00MH1995PLC088133 Registered Office: MGL House, G-33 Block, Bandra-Kurla Complex, Bandra !East), Mumbai -400051 Part -II : Statement of Unaudited Standalone Assets and Liabilities (at in Crore) Asat Asat Partk:ulars september30,2026 March 31, 2026 {Unaudited) {Audited) ASSETS I. Non-current [Showing first 8,000 characters — download PDF for full document]