ATGL Concludes Q1FY27 with Strong Volume and Revenue Growth

Operational Highlights – Q1FY27 (Standalone):

  • Combined CNG and PNG volume of 303 MMSCM, 13% increase Y-o-Y
  • Increased CNG stations to 707 by adding 5 new stations
  • Expanded PNG home connections to 11.41 lakh, by adding 38,243 newhouseholds 
  • Increased Industrial & Commercial connections to 10,422 with 448 new customers added
  • Completed cumulative ~ 15,987 Inch Km of Steel Pipeline network

Pan India Footprint – Q1FY27 (With JV namely IOAGPL):

  • Combined CNG and PNG volume of 496 MMSCM, 13% increase Y-o-Y
  • Combined network of 1,167 CNG Stations, with 6 new stations added
  • PNG home connections crossed 13.75 lakh, touching over 6 million lives daily. 
  • Grew Industrial & Commercial connections to 12,326 by adding 788 new consumers
  • Completed cumulative 28,675 Inch Km of Steel Pipeline network

Key Business updates

  • Q1 FY27 witnessed the impact of the West Asia crisis, with elevated crude prices driving higher Brent-linked gas costs across New Well Gas, RLNG (Regasified Liquefied Natural Gas), and spot LNG.
  • The increase in the APM gas price ceiling, compounded with currency depreciation, further elevated gas purchase cost during the quarter, resulting in a 39% year-on-year increase in gas purchase cost
  • Despite these macro headwinds, ATGL adopted a highly calibrated approach to navigate the volatility, ensuring uninterrupted supply to priority segment, through maintaining operational excellence.
  • Timely interventions from the Government of India by facilitating continuous gas supply and waiver of imbalance and system disciplinary chargers (regulatory relief measures), with supportive role from the state governments with faster turnaround of statutory permissions.

Adani TotalEnergies E-mobility Limited (ATEL) 

  • ATEL has now expanded its footprint to 5,306 installed EV Charge Points across 26 states/UTs and 226 cities
  • Installed capacity increases to ~58 MW

Adani TotalEnergies Biomass Limited (ATBL) 

  • A total of 323 MT of CBG was sold in Q1FY27, through our dedicated CBG stations and to third party.
  • FOM recorded sales of 5533 tons in Q1FY27 out of which, 760 tonnes sold through brand Harit Amrit registered 8x growth YoY.
  • Harit Amrit launched organic fertilizer for the Nursery Segment with 1 KG and 5 KG packages.

Financial Highlights Q1FY27 (ATGL Standalone) Y-o-Y:

  • Revenue increased by 27%, reaching INR 1,910 Cr
  • EBITDA and PAT stands at INR 281 Cr and INR 133 Cr respectively

Consolidated Q1FY27 PAT Consolidated EBITDA and PAT stands at INR 293 Cr and INR 142 Cr

Adani Total Gas Limited (ATGL), one of India’s largest city gas distribution (CGD) companies, continues its mission of transforming India’s energy landscape through extensive infrastructure development in Existing and new geographical areas (GAs), volume growth and new age energy business. Today, ATGL announced its operational, infrastructural and financial performance for the fourth quarter and financial year ended 30th June 2026.

“ATGL yet again, delivered robust growth in volumes up by 13% YoY and revenue up by 27% during Q1 FY27, driven by strong operational performance, and increasing consumer preference for cleaner fuels.

The operating environment remained dynamic, with elevated gas prices, higher Brent crude prices, compounded by currency volatility, and geopolitical developments negatively impacting global energy supplies. While these factors exerted pressure on gas sourcing strategy for CGD Industry, our focus remained ensuring supply continuity, enhancing operational efficiency, safeguarding CNG and PNG consumers from undue risks and creating long-term value for customers and stakeholders.

We continue to focus on sustainable growth, through disciplined network expansion, digital enablement, and the development of our clean energy ecosystem across CNG, PNG, and e-mobility.” – Sanjay Pandita, CEO, ATGL

Standalone Operational and Infrastructural Highlights:

Operational Performance
ParticularsUoMQ1FY27Q1FY26% Change YoYFY26FY25% Change YoY
Sales VolumeMMSCM30326713%113399314%
CNG SalesMMSCM21818518%78266318%
PNG SalesMMSCM85824%3513306%
ParticularsUoMAs on 30th June’26Q1FY27 Additions
CNG StationsNos.7075
MSN (IK)Nos.15,987415
Domestic-PNGNos.11,41,10838,243
Commercial -PNGNos.7,277392
Industrial-PNGNos.3,14556

Operations Commentary – Q1FY27

  • CNG Volume increased by 18% Y-o-Y on account of CNG network expansion as well as high throughput across multiple Geographical Areas (GAs)
  • ~11.41 lakhs homes are now connected with Piped Natural gas 
  • Despite the geopolitical headwinds in West Asia, PNG volumes grew by 4% Y-o-Y, supported by strong growth in the domestic and commercial volumes.
  • Overall volume has increased by 13% Y-o-Y

Standalone Financial Highlights:

Financial Performance
ParticularsUoMQ1FY27Q1FY26% Change YoYFY26FY25% Change YoY
RevenueINR Cr1910150027%6,4155,43218%
Cost of Natural GasINR Cr1454104939%4,5333,68023%
Gross ProfitINR Cr4564501%1,8821,7517%
EBITDAINR Cr281301-7%1,2251,1675%
Profit Before TaxINR Cr178219-19%863868-1%
Profit After TaxINR Cr133162-18%637648-2%

Results Commentary Q1FY27

  • Revenue from operations rose by 27% on account of higher volume supported by CNG volumes.
  • Higher gas cost due to continued West Asia crisis, and increase in APM gas price ceiling, the cost of Natural gas rose by 39%.
  • During the quarter, APM allocation for CNG segment reduced to ~30% from 36% from last quarter, the balance was met with existing contracts and higher priced spot procurement.
  • ATGL took a calibrated approach in passing the higher gas cost to ensure volume growth does not get impacted.
  • EBITDA stands at INR 281 Crs.   
  • PBT and PAT stands at INR 178 Cr and INR 133 Cr respectively.

Key ESG Highlights

  • CareEdge and CRISIL scored increased to 84 and 66 from 83 and 61 respectively; Score places ATGL among the best performing companies within its peer group.

About Adani Total Gas

Given its gas distribution, ATGL is authorised in 34 Geographical Areas and plays a significant role in the nation’s efforts to enhance the share of natural gas in its energy mix. Of the 53 GAs, 34 are owned by ATGL and the balance 19 GAs are owned by Indian Oil-Adani Gas Private Limited (IOAGPL) – a 50:50 joint venture between Adani Total Gas Limited and Indian Oil Corporation Limited. Further, ATGL has formed 2 wholly owned subsidiaries namely Adani TotalEnergies E-Mobility Ltd (ATEL) and Adani TotalEnergies Biomass Ltd (ATBL) for its E-Mobility and Biomass Business respectively. ATGL has also formed a 50:50 joint venture, namely Smart Meter Technologies Private Limited for its gas meter manufacturing business.

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