MGL2019-01-012019-03-31in-bse-fin:OneOperatingExpenses01Member MGL2019-01-012019-03-31in-bse-fin:OneOperatingExpenses02Member MGL2019-01-012019-03-31in-bse-fin:FourOperatingExpenses01Member MGL2019-01-012019-03-31in-bse-fin:FourOperatingExpenses02Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares MGL 2018-04-01 2019-03-31 2019-04-05 INR Crores Yearly Single segment Sale of Natural Gas 2019-01-01 2019-03-31 Audited Standalone 7932400000.00 238300000.00 8170700000.00 3664800000.00 0.00 500000.00 185300000.00 500000.00 328700000.00 1942300000.00 6122100000.00 2048600000.00 0.00 2048600000.00 605200000.00 108800000.00 714000000.00 0.00 1334600000.00 0.00 0.00 0.00 0.00 1334600000.00 -5900000.00 1328700000.00 0.00 0.00 987800000.00 10 13.51 13.51 0.00 0.00 13.51 13.51 1.tThe above financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meetings held on May 9, 2019. n2.tThe audit as required under Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 has been completed by the auditors of the Company. n3.tThe Company is in the business of selling and distribution of natural gas. There are no separate reportable segments, other than selling of natural gas, as per IND AS 108 - Operating Segments. n4.tInd AS 115 Revenue from Contracts with Customers, mandatory for reporting periods beginning on or after April 1, 2018, replaces earlier revenue recognition requirements. Under the modified retrospective approach there were no adjustments required to the retained earnings at April 1, 2018. Also, the application of Ind AS 115 does not have any significant impact on recognition and measurement of revenue and related items in the financial results. n5.tAs per authorisation terms and conditions of the PNGRB for Raigad Geographical Area, the Company is required to meet Minimum Work Programme (MWP) targets by March 2020 (with reference to connections and pipeline inch Kilo Meters) and the Company had submitted Performance Bank Guarantee of Rs.105.20 Crore dated March 19, 2015 to the PNGRB. Show cause notice dated July 23, 2018 was given by the PNGRB for shortfall in periodic MWP, asking MGL to explain why penalty should not be levied for the interim MWP target shortfall. The Company submitted catch up plan vide letter dated August 2, 2018 for meeting MWP target by March 2020 and reiterated host of factors beyond control of MGL causing a shortfall. No further written communication is received from PNGRB. The Company has achieved connection targets as per catch up plan up to 31st March 2019 and the progress on pipeline inch Kilo Meters is being expedited. The Company has received critical permissions from various authorities for laying pipelines as of April 2019. The management is of the view that it will be able to make substantial progress on the required work by March 31, 2020 and that the penalty can be avoided. Accordingly, no provision is deemed necessary in relation to the bank guarantee issued to the PNGRB at this stage. n6.tThe Board of Directors, at its meeting held on 9th May 2019, has proposed a final dividend of Rs.10.50/- per equity share of face value Rs.10/- each for the financial year ended March 31, 2019. This is in addition to the interim dividend of Rs.9.50/- per equity share paid during the year. With this, the total dividend for the year is Rs.20/- per equity share of face value Rs.10/- each. The proposal is subject to the approval of shareholders at the Annual General Meeting to be held and if approved would result in a cash outflow of approximately Rs. 12,504/- Lakh, including corporate dividend tax. n7.tThe figures of the last quarter are the balancing figures between audited figures in respect of the full financial year up to 31st March, 2019 and 31st March, 2018 and the unaudited year-to-date published figures up to 31st December, 2018, and 31st December, 2017 being the date of the end of the third quarter of the financial year which were subjected to limited review. n8.tThe figures for the previous year / periods are re-arranged / re-grouped, wherever considered necessary. n 2018-04-01 2019-03-31 Audited Standalone 30567900000.00 777100000.00 31345000000.00 13992600000.00 0.00 -1000000.00 708800000.00 3200000.00 1259300000.00 7013000000.00 22975900000.00 8369100000.00 0.00 8369100000.00 2614000000.00 291200000.00 2905200000.00 0.00 5463900000.00 0.00 0.00 0.00 0.00 5463900000.00 12500000.00 5476400000.00 0.00 0.00 987800000.00 10 23000900000.00 55.31 55.31 0.00 0.00 55.31 55.31 Excise Duty 707000000.00 Other Expenses 1235300000.00 Excise Duty 2657200000.00 Other Expenses 4355800000.00 0.00 0.00 0.00