Adani Total Gas Q4 & FY26 Results
Ahmedabad, 27 April 2026: Adani Total Gas (ATGL), India’s leading energy transition company, continues its mission of transforming India’s energy landscape through extensive infrastructure development. Today, ATGL announced its operational, infrastructural and financial performance for the fourth quarter and financial year ended 31st March 2026.
“With resilient execution, underpinned by operational excellence and digital enablement, ATGL delivered strong double‑digit growth in volumes and revenues, supported by steady EBITDA expansion. Despite
geopolitical disruptions from West Asia, elevated LNG prices, and currency volatility, our nimble and diversified sourcing strategy ensured uninterrupted gas supply. ATGL’s focus remained on system stability, calibrated expansion with financial prudence, and long‑term sustainability, strengthening consumer confidence and ensuring operational excellence. We continued to scale our clean energy infrastructure across CNG, PNG, and e‑mobility, with EV charge points crossed the 5,100 mark. During the period, we strengthened our ESG performance through improved sustainability ratings, reinforcing ATGL’s position among leading ESG performers in its peer group.
“Aligned with India’s vision to raise natural gas to 15% of the energy mix by 2030, ATGL is well positioned to support the country’s transition to a gas‑based and cleaner energy economy” – Suresh P. Manglani, CEO & ED, ATGL
Standalone Operational and Infrastructural Highlights:
| Operational Performance | |||||||
| Particulars | UoM | FY26 | FY25 | % Change YoY | Q4
FY26 |
Q4
FY25 |
% Change YoY |
| Sales Volume | MMSCM | 1133 | 993 | 14% | 297 | 263 | 13% |
| CNG Sales | MMSCM | 782 | 663 | 18% | 207 | 177 | 17% |
| PNG Sales | MMSCM | 351 | 330 | 6% | 91 | 87 | 5% |
| Infrastructure Performance | ||||
| Particulars | UoM | As on 31 Mar’ 26 | FY26 Additions | Q4 Additions |
| CNG Stations | Nos. | 705 | 58 | 25 |
| MSN (IK) | Nos. | 15,572 | 1,800 | 710 |
| Domestic-PNG | Nos. | 10,99,669 | 1,37,001 | 49,504 |
| Commercial -PNG | Nos. | 6,884 | 543 | 170 |
| Industrial-PNG | Nos. | 3,081 | 123 | 44 |
Operations Commentary – Q4FY26
- CNG Volume increased by 17% Y-o-Y on account of CNG network expansion across multiple Geographical Areas (GAs)
- ~11 lakhs homes are now connected with Piped Natural gas
- With addition of new PNG connections, PNG Volume has increased by 5% Y-o-Y
- Overall volume has increased by 13% Y-o-Y
Standalone Financial Highlights:
| Financial Performance | |||||||
| Particulars | UoM | FY26 | FY25 | %
Change YoY |
Q4
FY26 |
Q4
FY25 |
% Change YoY |
| Revenue | INR Cr | 6,415 | 5,432 | 18% | 1,696 | 1,457 | 16% |
| Cost of Natural Gas | INR Cr | 4,533 | 3,680 | 23% | 1,199 | 1,015 | 18% |
| Gross Profit | INR Cr | 1,882 | 1,751 | 7% | 497 | 442 | 12% |
| EBITDA | INR Cr | 1,225 | 1,167 | 5% | 310 | 274 | 13% |
| Profit Before Tax | INR Cr | 863 | 868 | -1% | 214 | 198 | 8% |
| Profit After Tax | INR Cr | 637 | 648 | -2% | 156 | 149 | 4% |
Results Commentary Q4 FY26
- Revenue from operations rose by 16% on account of higher volume
- With lower allocation of APM gas to CNG segment, higher HH prices, higher spot prices due to geopolitical tension, the cost of Natural gas rose by 18%.
- During the quarter, APM allocation for CNG segment reduced to ~36% from 41% from last quarter, the balance was met with existing contracts and Spot procurement.
- ATGL took a calibrated approach in passing the higher gas cost to ensure volume growth does not get impacted.
- EBITDA increased by 13% Y-o-Y to INR 310 Crs.
- PBT and PAT increased by 8% and 4% to INR 214 Crs and INR 156 Crs respectively.
Key ESG Highlights
- CareEdge ESG scored ATGL at 3 out of 100; Score places ATGL among the best performing companies within its peer group
- NSE Sustainability ratings and Analytics scored ATGL at 73 increased from 67 earlier.
Awards and Accolades
- OHSSAI India Recognition: ATGL’s HSE team was felicited by OHSSAI India for outstanding excellence in Health, Safety, Environment (HSE) and ESG performance.
- Innovation in EHS & Fire Security by IBC: ATGL was conferred the Agni Suraksha Puraskar by the International Business Conference in recognition of its innovative EHS practices and successful implementation of high‑impact fire and safety initiatives.
- National Process Safety Honours 2026: ATGL was awarded ‘Excellence in City Gas Distribution’ for consistently demonstrating leadership in process safety, industrial integrity, and safety performance within the private sector.
