MGL: CNG and domestic growth offset LNG-driven industrial pressure as earnings weakened
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Q2 sales growth was led by CNG and domestic PNG, while constrained industrial supply and volatile LNG prices pressured earnings. Management maintained FY27 CapEx guidance and sees stronger volume growth if supply normalizes.
Based on Mahanagar Gas Ltd [MGL] Q2 26/27 Audio Transcript — Nov. 4 2026
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