Adani Total Gas Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Adani Total Gas reported Q1 FY27 gas sales volume of 303 MMSCM, up 13% year-on-year, driven by 18% growth in CNG and 4% growth in PNG segments. Revenue grew 27% year-on-year to INR1,908 crores with EBITDA of INR281 crores, while management attributed margin compression to elevated Brent-linked gas prices and reduced APM allocation. Management discussed gas sourcing mix, spot purchase exposure, CNG and PNG network expansion, and steps being taken to manage the withdrawal of the pooled gas mechanism.
Adani Total Gas reported Q4 FY26 revenue of Rs 1,696 crores, up 16% year-on-year, and full year FY26 revenue of Rs 6,415 crores, up 18%. CNG volumes grew 17% in Q4 and 18% for the year, while PNG volumes grew 5% in Q4 and 6% for the year. Management discussed the government's gas pool pricing mechanism introduced amid geopolitical disruptions, and detailed network expansion including new CNG stations, PNG connections, and EV charging infrastructure.