Adani Total Gas Limited has informed the Exchange about Transcript
ATGL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Adani Total Gas reported Q1 FY26 results with 16% YoY volume growth to 267 MMSCM, driven by a strong 21% rise in CNG volumes to 185 MMSCM, while PNG volumes grew 6%. Revenue rose 21% to ₹1,491 crores, with EBITDA at ₹301 crores and profit after tax at ₹162 crores. The CNG station network reached 650, steel pipeline infrastructure hit 14,197 inch-km, and the company tied up with Jio-BP to expand DODO/CODO outlets and EV charging across its 34 geographical areas. Management disclosed a 3-year capex plan of ₹3,500–3,700 crores, highlighted slight margin pressure from calibrated price pass-through as APM gas allocation fell to ~36%, and flagged positive regulatory news on the PNGRB zonal tariff revision for CGD segments. CRISIL upgraded the company's ESG rating from Adequate to Strong (CRISIL ESG 61).
Strong volume growth and network expansion are positive for long-term earnings, but reduced APM allocation and calibrated pricing will continue to compress near-term margins. Investors should watch the final PNGRB zonal tariff order, which could materially lower gas costs since a large share of volumes sit in the higher-cost zone.