Adani Total Gas Ltd Announces Quarterly Financial Results and Provides Update on US Legal Matters
Adani Total Gas Limited has released its unaudited financial results for the quarter ended June 30, 2026, providing insights into both consolidated and standalone performance. The company also provided an update regarding ongoing legal matters involving a non-executive director in the United States.Quarterly Financial Highlights
The results reflect the performance of Adani Total Gas Limited and its subsidiaries as well as the operations of the parent company. Key financial figures for the quarter ended June 30, 2026, are summarized below:| Metric (in crore) | Consolidated Results | Standalone Results |
|---|---|---|
| Revenue from Operations | 1,906.79 | 1,896.74 |
| Total Income | 1,919.77 | 1,910.17 |
| Total Expenses | 1,742.44 | 1,731.96 |
| Profit for the Period/Year | 141.72 | 133.03 |
| EPS (Basic & Diluted) | 1.29 | 1.21 |
The standalone financial results and consolidated unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors, and a limited review was carried out by the Statutory Auditor.
Financial Performance Details
The detailed Statement of Consolidated Unaudited Financial Results for the quarter ended June 30, 2026, shows figures across various expense categories, including Cost of natural gas and traded items at 1,302.51 crore, and Total expenses at 1,742.44 crore.The Statement of Standalone Unaudited Financial Results for the quarter ended June 30, 2026, reported that the company's total income stood at 1,910.17 crore before tax, with a profit figure of 133.03 crore for the period/year.
Update on US Legal Matters
The company provided details regarding legal proceedings involving a non-executive director in the United States. During the financial year 2024-25, a non-executive director faced an indictment filed by the United States Department of Justice (US DOJ) and a civil complaint by the Securities and Exchange Commission (US SEC) in the United States District Court for the Eastern District of New York (EDNY).The allegations against the director included securities fraud conspiracy, wire fraud conspiracy, and making false and misleading statements under the US Acts of 1933 and 1934. The company was not named in these matters.
Regarding the status of this case as at the reporting date:
- On May 15, 2026, the US SEC filed a request for entry of final judgment before EDNY, contingent upon obtaining the director's consent and without admitting or denying the allegations.
- On May 18, 2026, US DOJ filed a motion to dismiss the charges in the indictment against the director, with prejudice, before the EDNY, which is currently pending approval proceedings by the EDNY.
The company noted that these matters do not pertain to the Group and had no impact on the Group as of the reporting date.
ATGL Stock Price Movement
As of 3:16 PM, shares of Adani Total Gas Limited are slipping by 0.29% in live trading, currently trading at ₹710.8. The stock has seen heavy momentum during the session, with over 1.08 million shares traded.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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