Adani Total Gas Q1FY27 revenue rises 27% on volume growth
Adani Total Gas Limited announced its financial results for Q1FY27, reporting a 27% year-on-year increase in revenue to ₹1,910 crore driven by a 13% rise in sales volume to 303 MMSCM. Despite the revenue growth, net profit declined by 18% to ₹133 crore as the cost of natural gas surged by 39%, impacting EBITDA which fell to ₹281 crore. Operationally, the company expanded its CNG network to 707 stations and increased domestic PNG connections to 11.41 lakh households.
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Adani Total Gas Limited reported a 27% year-on-year increase in standalone revenue to ₹1,910 crore for the quarter ended June 30, 2026, driven by strong volume growth. The city gas distribution company recorded a sales volume of 303 MMSCM, up 13% from the corresponding period of the previous year. Despite the top-line expansion, net profit declined 18% to ₹133 crore, primarily due to a 39% surge in the cost of natural gas, which impacted margins during the quarter.
Financial Performance
The rise in revenue was supported by an 18% increase in CNG sales volume and a 4% growth in PNG sales volume. However, profitability was constrained by elevated gas costs, attributed to the West Asia crisis and an increase in APM gas price ceilings. The company's EBITDA stood at ₹281 crore, a decrease of 7% year-on-year, reflecting the pressure on operating costs. Profit before tax for the quarter was ₹178 crore, down from ₹219 crore in Q1FY26.
| Metric | Q1FY27 | Q1FY26 | Change |
|---|---|---|---|
| Revenue (₹ crore) | 1,910 | 1,500 | 27% Increase |
| Cost of Natural Gas (₹ crore) | 1,454 | 1,049 | 39% Increase |
| EBITDA (₹ crore) | 281 | 301 | -7% |
| Net Profit (₹ crore) | 133 | 162 | -18% |
Operational Highlights
Adani Total Gas expanded its infrastructure during the quarter, adding 5 CNG stations to reach a total of 707. Domestic PNG connections grew to approximately 11.41 lakh households with the addition of 38,243 connections in Q1FY27. The company also scaled up its electric mobility infrastructure, increasing EV charge points to 5,306. Management noted that the operating environment remained dynamic due to geopolitical developments and currency volatility, which necessitated a calibrated approach to passing on higher gas costs to safeguard volume growth.
Historical Stock Returns for Adani Total Gas
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.24% | -4.14% | -5.68% | +30.98% | +5.17% | -19.20% |
How will the company balance passing on rising gas costs to consumers without stifling the volume growth seen in CNG and PNG segments?
What is the expected timeline for the West Asia crisis to stabilize, and how might a resolution impact natural gas cost ceilings?
How will the expansion of EV charge points influence the company's long-term revenue diversification strategy?
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