ATGLNSEAdani Total Gas LimitedHighNeutral
Announced Mon, 27 Apr · 19:46 IST

Adani Total Gas Limited has informed the Exchange regarding a press release dated April 27, 2026, titled "Financial Results for the quarter and year ended 31st March 2026 alongwith presentation on performance highlights for the quarter and year ended 31st March 2026

Mgmt Guided Margin ImprovementInvestor Communications View source PDF

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AI summary

Adani Total Gas delivered strong Q4FY26 and FY26 results with 14% volume growth to 1,133 MMSCM and 18% revenue growth to INR 6,415 crore. Despite geopolitical disruptions from West Asia causing higher LNG prices and currency volatility, the company maintained uninterrupted gas supply and grew EBITDA by 5% to INR 1,225 crore for FY26. Q4 saw 13% volume growth (297 MMSCM) and 13% EBITDA growth (INR 310 crore). Cost of natural gas rose 23% due to lower APM allocation and higher spot prices, but ATGL partially mitigated this through diversified sourcing. Infrastructure expanded with 705 CNG stations, ~1.1 million PNG home connections, and 5,100 EV charging points. PAT declined 2% YoY for FY26 due to higher gas costs but Q4 PAT grew 4% to INR 156 crore.

Likely market impact

Strong operational execution drove revenue and volume growth despite headwinds, though margin expansion was limited by rising gas procurement costs. The company maintains a healthy balance sheet with Net Debt/EBITDA at 1.11x and AA+ credit rating.