Investor Presentation

Ref: MGL/CS/SE/2026/711 Date: July 31, 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 Symbol: MGL Dear Sir / Madam, Sub: Investor Presentation for Earnings Conference Call on Financial Results and Operational Performance of the Company for the quarter ended June 30, 2026 In continuation to our letter dated July 27, 2026 and pursuant to Regulation 30 and Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the presentation in connection with the Earnings Conference Call with the investors and analysts scheduled to be held today, i.e. July 31, 2026 on the Unaudited Standalone and Consolidated Financial Results and operational performance of the Company for the quarter ended June 30, 2026 is enclosed herewith and is also made available on the website of the Company at www.mahanagargas.com You are requested to take the above information on your records. Thanking you, Yours sincerely, For Mahanagar Gas Limited Atul Prabhu Company Secretary & Compliance Officer Encl: As above INVESTOR PRESENTATION J u l y - 2 0 2 6 Safe Harbor This presentation may contain statements which reflect the management’s current views and estimates and could be construed as forward-looking statements. The future involves certain risks and uncertainties that could cause actual results to differ materially from the current views being expressed. Potential risks and uncertainties include such factors as general economic conditions, competitive product and pricing pressures and regulatory developments. www.mahanagargas.com MGL : An Introduction One of the largest CGD Companies in India Consistent Track Record Secured Gas Availability Strong Customer Base > 30 years of consistent growth APM, NWG, HPHT, Term RLNG CNG 1.31mn Vehicles PNG 3.24mn + households Infrastructure Exclusivity/Reach Commitment to HSE Robust Financials Over 8,477 Kms Pipeline with 519 CNG filing Strong focus on Health, Safety and 3 years Revenue CAGR 9.39% stations Environment RoE (FY26): 13.76% www.mahanagargas.com Areas of Operation 45,691 47,96,180 Area (sq Km) Urban Households 519 752 7,725 CNG Stations Steel Pipeline PE Pipeline (No) Length (Km) Length (Km) 13,11,105 32,41,195 6,198 CNG Vehicles PNG Household Industrial Commercial (No) Connections Customers MGL’s existing Geographical Areas (GA) GAs of erstwhile UEPL www.mahanagargas.com Infrastructure Domestic Household Connections in ‘000 Industrial & Commercial Customers – Nos. 1,542 1,500 4,061 Cumulative Cumulative 3,241 6,198 1,977 26 8 38 59 81 9 11 GA 1 GA 2 GA 3 GA 4 GA 5 GA 6 GA 1 GA 2 GA 3 GA 4 GA 5 GA 6 Pipeline (Steel & PE) in Km CNG Vehicles (‘000) & Stations (Nos.) 3,457 3,387 Cumulative Cumulative 561 Steel - 752 CNG Vehicles – 1,311 PE – 7,725 CNG Stations - 519 35 27 35 16 75 33 49 28 246 284 162 17 35 9 374 154 78 275 CNG Vehicles CNG Stations Steel PE GA 1 GA 2 GA 3 GA 4 GA 5 GA 6 GA 1 GA 2 GA 3 GA 4 GA 5 GA 6 GA 1 – Mumbai and Greater Mumbai, GA 2 – Thane Urban and Adjoining Municipalities, GA 3 - Raigarh District, GA 4 – Ratnagiri, GA 5 - Latur & Osmanabad & GA 6 - Chitradurga & Davanagere 6 www.mahanagargas.com Operational & Financial Performance P/L Highlights - Standalone ₹ Crore Particulars Q1 FY27 Q1 FY26 YoY Q4 FY26 QoQ Revenues 2,371.71 2,081.38 13.95% 2,051.22 15.62% Gross Profit 639.24 771.67 (17.16%) 570.24 12.10% EBITDA 342.98 500.71 (31.50%) 260.34 31.74% EBIDTA Margins 14.46% 24.06% - 12.69% - PBT 259.07 432.22 (40.06%) 178.48 45.15% PAT 193.70 319.56 (39.39%) 131.92 46.83% 19.61 32.35 (39.39%) 13.35 46.83% Basic and Diluted (₹) Not annualised for the interim periods Net Revenue for Q1 OF FY 26 includes reversal of OMC Trade Margin provided earlier www.mahanagargas.com Balance Sheet - Standalone ₹ Crore As at As at As at As at Particulars Particulars 31st March 2026 31st March 2025 31st March 2026 31st March 2025 ASSETS EQUITY AND LIABILITIES Non-current Assets 7,135 6,355 Equity 6,434 5,878 Property, Plant and Equipment 4,674 4,146 Equity Share Capital 99 99 Capital Work-in-Progress (CWIP) 1,259 1,062 Other Equity 6,335 5,780 Right of Use Assets 292 266 Goodwill 11 11 Liabilities Intangible Assets 396 421 Non-current Liabilities 576 532 Financial Assets 242 252 Lease Liabilities 137 163 Other Non-current Assets 260 197 Other Financial Liabilities 2 3 Provisions 63 55 Current assets 1,831 1,929 Deferred Tax Liabilities (net) 374 311 Inventories 63 52 Investments 1,036 1,054 Current Liabilities 1,955 1,874 Trade Receivables 458 363 Lease Liabilities 81 36 Cash and Cash Equivalents 57 152 Trade Payables 476 431 Bank balances other than (iii) above 57 181 Other Financial Liabilities 1,311 1,320 Other Financial Assets 132 100 Other Current Liabilities 63 65 Other current assets 28 27 Provisions 23 20 Income Tax Liabilities (net) 1 3 Total Liabilities 2,531 2,406 Total Assets 8,965 8,284 Total Equity and Liabilities 8,965 8,284 The comparative financial information for FY 2024-25 have been restated to give effect to the amalgamation between MGL and erstwhile UEPL, appointed date being 01.02.2024 www.mahanagargas.com Financial Performance ₹ Crore Revenues (Net) Gross Profit (Gas Sales Less Gas Cost) 2,372 2,081 2,051 763 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 EBIDTA & Margins % PAT 24.06% 14.46% 12.69% 343 194 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Net Revenue - PY Q1 includes reversal of OMC Trade Margin provided earlier 10 www.mahanagargas.com Operational Metrics INR/SCM Gas Sales Revenues (Net) Gas Cost 54.35 39.85 51.02 48.45 35.10 32.20 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 EBIDTA Gross Profit (Gas Sales Less Gas Cost) 18.82 12.35 14.50 13.35 7.91 6.19 Q1 FY26 Q4 FY26 Q1 FY27 Q1 FY26 Q4 FY26 Q1 FY27 Net Revenue - PY Q1 Revenue includes reversal of OMC Trade Margin provided earlier 11 www.mahanagargas.com Volumes - MMSCMD CNG DPNG 0.623 3.496 0.605 3.349 0.571 3.185 Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 Industrial and Commercial Total 0.719 0.698 0.648 4.672 4.766 4.454 Q1 FY 26 Q4 FY 26 Q1 FY 27 Q1 FY 26 Q4 FY 26 Q1 FY 27 www.mahanagargas.com Attractive Fuel Economics - MGL CNG is price competitive compared Commercial PNG is favourably to alternatives priced vs. alternate fuels 46.87% 46.87% 159.16 161.45 Benefits of CNG / PNG 111.21 111.21 97.83 12.09% 97.83 12.09% 120.50 122.23 86.00 86.00 • Price Advantage • Natural gas provides economic benefits over most alternative liquid fuels • Fuel Efficiency Jun-26 Petrol Diesel CNG Jul-26 Jun-26 Jul-26 Commercial LPG PNG • CNG vehicles typically enjoy higher INR/kg INR/Ltr INR/Ltr INR/kg INR/SCM fuel efficiency Domestic PNG offers convenience (INR per MMBTU) • Payback Period of Vehicle and highest safety 3,624 3,624 3,572 3,572 • Lower running costs result in lower (INR per year) payback period and savings 11,298 11,154 11,298 11,154 (INR per year) Jun-26 Jul-26 Note: (1) Mileage of CNG LCV – 10 km/ kg, Diesel LCV – 10 km/ ltr Jun-26 Jul-26 Commercial LPG Commercial PNG Domestic LPG Domestic PNG (2) Mileage of CNG Car – 26 km/kg, Petrol car – 18 kms/ ltr Assuming 12 cylinders per year 13 www.mahanagargas.com Diversified Sourcing Strategy Sales Volume Composition – Q1 FY 27 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 and NWG allocation and balance from Market determined price Term & SPOT Non-Priority Segment • Gas for I&C - Market determined price Term & CNG Domestic Commercial Industrial SPOT 73.34% 13.07% 3.28% 10.31% www.mahanagargas.com Shareholding, Dividend and Market Capitalisation Dividend Per Share (Rs) 30 30 30 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Final Dividend of Rs.18/Share declared by Board included above subject to Shareho [Showing first 8,000 characters — download PDF for full document]