Adani Total Gas Records 27% Revenue Growth in Q1FY27 Despite High Gas Costs

Adani Total Gas Records 27% Revenue Growth in Q1FY27 Despite High Gas Costs​

Adani Total Gas Limited (ATGL), a major city gas distribution (CGD) company, reported robust operational and financial performance for the quarter ended June 30, 2026. ATGL achieved a 27% year-on-year revenue increase in Q1FY27, driven by significant volume growth, although higher crude oil prices and geopolitical volatility impacted gas procurement costs.

The company's standalone results showed strong growth across key operational metrics. Revenue increased by 27%, reaching INR 1,910 Cr. EBITDA stood at INR 281 Cr, while Profit After Tax (PAT) was recorded at INR 133 Cr.

In the consolidated figures, revenue reached INR 1,907 Cr. Consolidated EBITDA was reported at INR 283 Cr, and PAT totaled INR 142 Cr.

Operational and Financial Performance Highlights​

ATGL’s operations demonstrated considerable scaling across its core markets.

The company's Q1FY27 operational highlights are summarized below:


The standalone financial performance for Q1FY27 saw revenue surge to INR 1,910 Cr from INR 1,500 Cr in Q1FY26. While the Cost of Natural Gas rose by 39% to INR 1,454 Cr due to macroeconomic factors, Gross Profit was reported at INR 456 Cr.

Key financial data for ATGL standalone in Q1FY27:

Pan India Footprint and Expansion​

Reporting on the combined operation with Joint Venture IOAGPL, ATGL reported a broader operational footprint. Combined CNG and PNG volume reached 496 MMSCM, marking a 13% increase year-on-year (YOY). The network expanded to include 1,167 CNG Stations, and domestic PNG connections surpassed 13.75 lakh, catering to over 6 million lives daily across the aggregated areas.

The company continued expanding its infrastructure, with cumulative pipeline length reaching approximately 15,987 Inch Km of Steel Pipeline network in the standalone operations.

New Age Energy Ventures​

ATGL’s diversification efforts across new energy solutions showed progress in Q1FY27:

• E-Mobility (ATEL): ATEL expanded its EV Charge Points to 5,306 installed points across 26 states/UTs and 226 cities, with installed capacity increasing to approximately 58 MW.
• Biomass (ATBL): A total of 323 MT of CBG was sold through dedicated CBG stations and to third parties during Q1FY27. Furthermore, FOM recorded sales of 5,533 tons in the quarter, with 760 tonnes sold under the Harit Amrit brand, which registered an 8x growth YOY.

Market Headwinds and Strategy​

The first quarter of FY27 faced significant challenges due to the West Asia crisis. Elevated crude prices drove higher Brent-linked gas costs across New Well Gas (NWG), Regasified Liquefied Natural Gas (RLNG), and spot LNG markets. The increase in the APM gas price ceiling, combined with currency depreciation, resulted in a 39% year-on-year rise in gas procurement cost.

Despite these macro headwinds, ATGL maintained operational excellence to ensure uninterrupted supply to priority segments. The company’s strategy involved adopting a calibrated approach and utilizing flexible spot-linked contracts to navigate the volatility and higher input costs while maintaining volume growth.

ATGL Stock Price Movement​

Adani Total Gas Limited shares slipped today by 1.67% to close at ₹700.4, marking a decline from the previous session's closing price. The equity saw total traded volume of 1,831,596 shares during the day.