Adani Total Gas Q1 Results: PAT Decline & Revenue Growth
Adani Total gas Reports Strong Q1 FY26 Performance, Revenue Surges 21%
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Adani Total Gas Limited (ATGL) has announced a robust financial performance for the first quarter of fiscal year 2026 (Q1 FY26), with its revenue from operations climbing 21% year-on-year to Rs 1,498 crore, up from Rs 1,239 crore in the corresponding quarter of the previous fiscal year.
Key Financial Highlights and Operational Growth
The company’s Profit After Tax (PAT) saw a important increase of 7% on a quarter-on-quarter basis, reaching Rs 166 crore compared to Rs 155 crore reported in Q4 FY25. The topline also demonstrated healthy growth,rising 3% to Rs 1,498 crore from Rs 1,453 crore in the January-March quarter of FY25.
Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for the quarter stood strong at Rs 301 crore. Operationally, ATGL continued its expansion, with the installed EV charging points increasing to 3,801.
Volume Growth and Network Expansion
ATGL reported a substantial 16% year-on-year increase in overall volume for Q1 FY26. This growth was primarily driven by a 21% surge in CNG volumes. The company’s CNG network expanded to 650 stations, with three new stations added during the quarter. Furthermore,the PNG household connections reached 9.90 lakh, marking an addition of 26,869 new homes.
The company also saw a significant increase in industrial and commercial connections, reaching 9,456 with 157 new customers onboarded in the quarter.ATGL completed a cumulative 14,197 Inch km of its steel pipeline network. The combined CNG and PNG volume recorded was 267 MMSCM, reflecting a 16% year-on-year increase. The supply mix for the CNG segment comprised 61% of APM (Administrative Price Mechanism) and New Well Gas (NWG) / Intervention Gas.
Adani total Gas (ATGL) and Jio-bp Partnership
In a strategic move to enhance consumer offerings, ATGL has signed an agreement with jio-bp, the operating brand of Reliance BP Mobility Limited. This partnership will see select ATGL fuel outlets offering jio-bp’s high-performance liquid fuels, including petrol and diesel. Conversely, within ATGL’s authorized Geographical Areas (GAs), select Jio-bp fuel outlets will integrate ATGL’s CNG dispensing units.this collaboration aims to provide transport consumers with improved access to high-quality fuels.
CEO’s Outlook on Performance and Future Growth
Commenting on the results, ED & CEO Suresh P Manglani expressed satisfaction with the company’s performance. “During the quarter, we achieved a robust year-on-year volume growth of 16%, driven by a 21% increase in CNG volumes,” Manglani stated. He highlighted the ongoing expansion of CGD networks across all 34 Geographical Areas, with over 14,000 inch-km of backbone steel pipelines and 650 CNG stations. The company is also nearing the milestone of one million consumers and has expanded its EV charging points to over 3,800.
Manglani further elaborated on the operational efficiency, noting that this superior performance was achieved despite the APM gas allocation for CNG being at 43%, with the balance supplies being offset by higher-priced new wells and HPHT (High Pressure High Temperature) gas.
Looking ahead, Manglani emphasized ATGL’s focus on expanding its CGD infrastructure, alongside its LNG, e-mobility solutions, and Compressed Biogas (CBG) businesses. He also announced the commissioning of the company’s first CBG station in Haryana during the quarter.
(Disclaimer: The views and opinions expressed in this article are those of the experts and do not necessarily reflect the views of Economic Times.)