Adani Total Gas Limited (ATGL) Q1 26/27 earnings summary

Executive summary

• Gas sales volume reached 303 MMSCM, up 13% year-over-year, with CNG segment growing 18% and PNG segment 4%.

• E-mobility business doubled year-over-year, reaching 5,306 EV charging points and 3.3 million electrons sold.

• Joint ventures now serve 14% of India's population across 125 districts.

• Board approved and released unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following SEBI regulations.

• Maintained a diversified energy platform, including e-mobility and biogas, supporting sustainability goals.

Financial highlights

• Revenue for Q1FY27 reached INR 1,910 crore, up 27% year-over-year.

• EBITDA for the quarter was INR 281 crore, a 7% increase year-over-year.

• Consolidated net profit for Q1FY27 was ₹141.72 crore, compared to ₹165.24 crore in Q1 FY26.

• Gas costs rose 39% YoY due to higher Brent-linked RLNG prices and currency fluctuations.

• Operating margins compressed from 25% to 15% over the last 6-8 quarters, with operating and net profit largely flat.

Outlook and guidance

• Volume growth expected to continue at a similar pace, with infrastructure expansion ongoing.

• Management is focused on bridging the gap in spot gas volumes and maintaining growth momentum.

• Margin recovery anticipated as gas sourcing stabilizes and Middle East tensions ease.

• Focus on expanding CNG and PNG networks, with continued investment in e-mobility and biogas.

• No explicit forward-looking guidance provided, but ongoing legal and regulatory matters are being monitored with no current financial impact.