Mahanagar Gas Financial Statements

Mahanagar Gas (MGL) reported revenue of ₹81.46B in FY2025 with net income of ₹10.40B. Total assets stood at ₹82.70B and free cash flow was ₹2.22B.

Mahanagar Gas Income Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Revenue		23.38B	39.71B	70.33B	70.89B	81.46B
Cost of Rev. Cost of Revenue		-7.47B	-20.46B	-44.36B	-36.46B	-46.80B
Gross Profit		15.90B	19.25B	25.97B	34.44B	34.66B
SGA Sales, General & Admin		-4.71B	-9.15B	-13.02B	-14.25B	-17.29B
Op. Income Operating Income		7.60B	8.13B	10.64B	17.35B	13.85B
PBT Profit Before Tax		8.34B	8.06B	10.56B	17.22B	13.70B
Net Income		6.20B	5.97B	7.90B	12.76B	10.40B
Dil. Shares Diluted Shares		98.78M	98.78M	98.78M	98.78M	98.78M
Diluted EPS		62.72	60.43	79.98	129.21	105.33

Figures in ₹ — millions (M), billions (B), trillions (T). EPS is earnings per share.

Understanding the Income Statement

The income statement shows Mahanagar Gas's revenue and expenses over a period. Revenue minus costs gives gross profit; after operating expenses, interest, and taxes, the remainder is net income. Diluted EPS divides net income by all shares that could exist if options and convertibles were exercised.

Mahanagar Gas Balance Sheet

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Curr. assets Total current assets		17.54B	18.45B	20.06B	19.08B	19.46B
Non-curr. assets Total non-current assets		28.47B	33.89B	40.26B	53.46B	63.24B
Total assets		46.01B	52.34B	60.32B	72.53B	82.70B
Curr. liabilities Total current liabilities		11.11B	13.27B	15.61B	17.00B	18.75B
Non-curr. liab. Total non-current liabilities		2.58B	3.10B	3.37B	4.10B	5.00B
Total liabilities		13.69B	16.36B	18.98B	21.10B	23.75B
Total equity		32.32B	35.97B	41.34B	51.43B	58.95B
Total liab. & eq. Total liabilities & equity		46.01B	52.34B	60.32B	72.53B	82.70B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding the Balance Sheet

The balance sheet captures Mahanagar Gas's financial position at a point in time — what it owns (assets), what it owes (liabilities), and the residual value to shareholders (equity). Total assets always equals total liabilities plus equity.

Mahanagar Gas Cash Flow Statement

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FY 2021 – FY 2025

Item	Chart	2021	2022	2023	2024	2025
Net Income		8.34B	8.06B	10.56B	17.28B	13.70B
Operating CF Cash flow Operating Activities		8.06B	9.04B	9.69B	15.68B	14.06B
Capex Investments in PPE		-3.40B	-6.49B	-7.13B	-7.83B	-11.84B
Investing CF Cash flow Investing Activities		-4.44B	-5.39B	-6.49B	-10.82B	-10.52B
Dividend Paid		-3.22B	-2.81B	-2.52B	-2.77B	-2.96B
Financing CF Cash flow Financing Activities		-3.49B	-3.10B	-2.85B	-4.99B	-3.32B
Cash (start) Cash at beginning of period		153.76M	281.90M	824.80M	1.18B	1.29B
Cash (end) Cash at end of period		281.87M	824.80M	1.18B	1.29B	1.52B
FCF Free Cash Flow		4.66B	2.55B	2.56B	7.85B	2.22B

Figures in ₹ — millions (M), billions (B), trillions (T).

Understanding Cash Flow

The cash flow statement tracks how Mahanagar Gas's cash moves through operations, investing, and financing activities. Free cash flow — operating cash minus capital expenditure — shows what is available to return to shareholders.

Data from audited consolidated filings. For educational purposes only — not investment advice. Last update: Mar-2025