Adani Total Gas Limited (ATGL) is a leading player in the City Gas Distribution (CGD) sector, catering to a diverse set of customers—domestic, commercial, industrial, and transport—by supplying natural gas across urban and industrial corridors in India. The company operates as a joint venture between the Adani Group and TotalEnergies, with a marked presence in expanding India’s clean energy footprint.
Q1 FY26 Earnings Summary (Apr–Jun 2025)
- Revenue: ₹1,379 crore, up 20.44% year-on-year (YoY) from ₹1,145 crore in Q1 FY25.
- Total Expenses: ₹1,169 crore, up 26.65% YoY from ₹923 crore.
- Consolidated Net Profit (PAT): ₹165 crore, down 4.07% from ₹172 crore in the same quarter last year.
- Earnings Per Share (EPS): ₹1.50, down 3.85% from ₹1.56 YoY.
Operational & Strategic Update
- Strong Revenue Growth: Driven by increased offtake from industrial and commercial clients, as well as growing adoption among domestic and CNG vehicle users.
- Cost Pressures: Operating expenses rose sharply, reflecting higher input gas prices, network expansion, and operational scaling, which offset gains from top-line growth.
- Profitability Impact: Despite robust revenue rise, margins came under pressure due to higher costs, resulting in a slight decline in net profit and EPS.
- Market Penetration: Ongoing investments in network expansion have led to greater reach in new urban and semi-urban areas, broadening the customer base.
- Sustainability Focus: Continued initiatives supporting India’s clean energy transition, with increased emphasis on natural gas adoption for transportation and industrial energy needs.
- Strategic Collaboration: The alliance between Adani Group and TotalEnergies facilitates access to global best practices and technologies in gas distribution, boosting operational reliability and safety standards.
Corporate Developments
Q1 FY26 highlights a mixed performance for Adani Total Gas Ltd: the company saw strong demand-led revenue growth but faced cost-side pressures, resulting in a modest decline in quarterly profits. Nevertheless, the focus on geographical expansion, infrastructure development, and promoting clean fuels keeps the long-term outlook positive.
Looking Ahead
Adani Total Gas Ltd remains committed to expanding its CGD footprint, driving greater adoption of natural gas as a clean energy source, and enhancing customer service. As India’s clean energy ecosystem matures, ATGL aims to leverage technology, operational excellence, and strategic partnerships to strengthen sustainable growth and value creation in FY26 and beyond.