* MGL's earnings conference call for Q2 FY26 took place on October 30, 2025. * Ashu Shinghal (MD), Ajay Sinha (DMD), Rajesh Patel (CFO), and Mukesh Panhotra (AVP Marketing) represented the management. * The amalgamation of Unison Enviro Private Limited with MGL was effective from February 1, 2024; previous periods' financial statements have been restated. * In Q2, MGL connected 53,566 domestic households, reaching nearly 2.94 million households, and laid 87.4 kilometers of pipeline, totaling over 8,061.62 kilometers. * 14 CNG stations were added, bringing the total to 485 as of September 30, 2025. 116 industrial and commercial customers were added, totaling 5,316. * 27,150 CNG vehicles were added, with over 1.22 million CNG vehicles in MGL's geographical areas. * Average sales volume was 4.593 MMSCMD, a 3.11% increase from the previous quarter. CNG volume was 3.22 MMSCMD, DPNG volume was 0.582 MMSCMD, and industrial/commercial supply was 0.757 MMSCMD. * EBITDA from operations for the quarter was ₹338 crore, and net profit after tax was ₹193 crore. * H1 EBITDA was ₹839 crore, and net profit after tax was ₹513 crore. * Management indicated that INR8.5 could be a reasonable EBITDA range for Q3, with potential improvement in Q4 due to long-term HPHT contracts.
