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Oil & Gas stocks tumble as crude regains $105; MGL, IGL, BPCL drop up to 4%
Among the index constituents, Mahanagar Gas fell around 4.5 per cent, followed by IOCL, BPCL, Adani Total Gas, HPCL, Petronet LNG, Chennai Petroleum, and GAIL down over 2 per cent each
Mahanagar Gas slides as Q4 PAT slumps 46% YoY to Rs 132 cr
Mahanagar Gas fell 2.23% to Rs 1,153.85 after the company's standalone net profit tanked 45.55% to Rs 131.92 crore in Q4 FY26 as against Rs 242.30 crore posted in Q4 FY25.
Mahanagar Gas consolidated net profit declines 47.40% in the March 2026 quarter
Sales rise 4.46% to Rs 2052.05 crore
MGL Q4 net profit falls 35% QoQ as EBITDA margin shrinks to 13%; declares dividend
Shares of Mahanagar Gas Ltd ended at ₹1,179.60, up by ₹11.00, or 0.94%, on the BSE.
Mahanagar Gas Q4 Results: Profit Declines 46%; Dividend Declared
Mahanagar Gas saw a 46% decline in its net profit.
Q4 Results Live Updates: Coromandel Intl Profit Falls 75%; Escorts Kubota Sees Double-Digit Revenue Growth
BSE, MGL, Britannia and IGL are among the companies to report Q4 earnings today.
Q4 Results Today: BSE, Dabur, Britannia, Biocon, MGL Among Over 100 Firms To Declare Earnings On May 7
Indraprastha Gas, Bharat Forge, ACME Solar Holdings, Karur Vysya Bank and CarTrade Tech are among the key firms that will declare quarterly results today.
Oil And Gas Stocks To Buy: From MGL To IGL On Systematix List; Gulf Oil Among Top Picks — Check Target Prices
The brokerage notes thatrecent strike at energy facilities including, upstream and refining assets across the Gulf countriescould lead to a further spike in crude prices and disruption in supply volumes.
Mahanagar Gas flags supply cuts as global energy turmoil hits industrial, commercial gas availability
Mahanagar Gas Ltd reduces gas supply to industrial and commercial customers due to geopolitical issues and a directive from the Ministry of Petroleum and Natural Gas. Shares of Mahanagar Gas Ltd ended marginally higher on Wednesday, March 11, by 0.68% at ₹1,051.00 on the NSE.
New gas order 2026: Nomura decodes impact on MGL, IGL, Gujarat Gas, GAIL
Mahanagar Gas (MGL) and Indraprastha Gas (IGL) are less vulnerable compared to Gujarat Gas, according to Nomura
Top Gainers & Losers on Mar 04: Petronet LNG, Mahanagar Gas, Tata Steel, HPCL, BPCL, Force Motors among top losers - Mint
Top Gainers & Losers on Mar 04: Petronet LNG, Mahanagar Gas, Tata Steel, HPCL, BPCL, Force Motors among top losersMint
Top Gainers & Losers on Mar 04: Petronet LNG, Mahanagar Gas, Tata Steel, HPCL, BPCL, Force Motors among top losers
The Indian stock market experienced a significant sell-off, with major indices dropping over 1.5% amid escalating Middle East conflict. The Nifty 50 closed 1.55% lower and the Sensex lost 1.40%. Broader markets fell over 2%.