Adani Total Gas Limited (NSE:ATGL) board of directors approved unaudited consolidated financial results for the quarter ended 30 June 2026 at its meeting held on 21 July 2026. Consolidated revenue from operations stood at Rs 1,906.79 crore, while consolidated profit for the period reached Rs 141.72 crore. The results were filed with the BSE and NSE under SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
Key Highlights
- Consolidated revenue from operations for Q1 FY27 reached Rs 1,906.79 crore against Rs 1,498.32 crore in the same quarter of the previous year, representing a year-on-year increase of approximately 27.3%.
- Consolidated profit for Q1 FY27 was Rs 141.72 crore compared to Rs 165.24 crore in Q1 FY26, a decline of approximately 14.2% year-on-year.
- Total comprehensive income on a consolidated basis was Rs 141.14 crore for Q1 FY27 against Rs 163.17 crore in Q1 FY26.
- Earnings per share (EPS) on a basic and diluted basis stood at Rs 1.29 per share for Q1 FY27, down from Rs 1.50 per share in Q1 FY26.
- Share of profit from joint ventures contributed Rs 9.57 crore to consolidated results during Q1 FY27, compared to Rs 4.21 crore in the corresponding quarter of the prior year.
- The consolidated statement includes results from subsidiaries Adani TotalEnergies Biomass Limited and Adani TotalEnergies E-Mobility Limited, as well as joint ventures Indian Oil-Adani Gas Private Limited and SmartMeters Technologies Private Limited.
About the Company
Adani Total Gas Limited, formerly known as Adani Gas Ltd, is a listed company on the BSE (Scrip Code: 542066) and NSE (Ticker: ATGL) engaged in the sale and distribution of natural gas. The company operates as a single business segment focused on selling and distributing natural gas across multiple geographical areas in India. It is headquartered in Ahmedabad, Gujarat, with its registered office at Adani Corporate House, Shantigram, near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad 382421. The company holds a CIN number L40100GJ2005PLC046553. Its business operations are conducted through subsidiaries including Adani TotalEnergies Biomass Limited and Adani TotalEnergies E-Mobility Limited, and it participates in joint ventures with Indian Oil through Indian Oil-Adani Gas Private Limited and SmartMeters Technologies Private Limited.
Announcement in Detail
The board of directors of Adani Total Gas Limited held a meeting on 21 July 2026, commencing at 1:45 p.m. and concluding at 3:00 p.m., to approve and take on record the unaudited financial results for the quarter ended 30 June 2026. The financial results were prepared in accordance with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, and recognition and measurement principles laid down in Indian Accounting Standard 34 (Ind AS 34) under Section 133 of the Companies Act, 2013.
On the consolidated basis, the company reported revenue from operations of Rs 1,906.79 crore for Q1 FY27, compared to Rs 1,498.32 crore in Q1 FY26. Total income on a consolidated basis was Rs 1,919.77 crore, comprising revenue from operations of Rs 1,906.79 crore and other income of Rs 12.98 crore. Total expenses aggregated Rs 1,742.44 crore, resulting in profit before share of profit from joint ventures and tax of Rs 177.33 crore. After accounting for the share of profit from joint ventures at Rs 9.57 crore and tax expense of Rs 45.18 crore, consolidated profit for the period was Rs 141.72 crore. Other comprehensive loss on a consolidated basis amounted to Rs 0.58 crore, resulting in total comprehensive income of Rs 141.14 crore.
The limited review report issued by Walker Chandiok & Co LLP, the statutory auditor, noted that nothing came to their attention that would cause them to believe the statement did not comply with the requirements of Regulation 33 of the SEBI Listing Regulations or contained any material misstatement. The auditor performed the review in accordance with the Standard on Review Engagements (SRE) 2410 and the circular issued by SEBI under Regulation 33(8) of the Listing Regulations. The review covered all entities except two subsidiaries, whose financial information accounted for total revenues of Rs 10.04 crore and total net loss after tax of Rs 0.86 crore, and two joint ventures, whose interim financial results were reviewed by other auditors.
Impact on Investors
Investors will note that consolidated revenue grew substantially year-on-year by approximately 27.3%, rising from Rs 1,498.32 crore in Q1 FY26 to Rs 1,906.79 crore in Q1 FY27, signalling expansion in the company's natural gas distribution operations. However, the filing shows that consolidated profit declined by approximately 14.2% in the same period, from Rs 165.24 crore to Rs 141.72 crore, despite the significant top-line growth. This indicates that operating margins contracted during the quarter, a development investors should examine in relation to cost pressures and the composition of the company's product and service mix.
Earnings per share declined to Rs 1.29 per share for Q1 FY27 from Rs 1.50 per share in Q1 FY26 on a basic and diluted basis. The disclosed figures show that the share of profit from joint ventures increased to Rs 9.57 crore from Rs 4.21 crore year-on-year, contributing positively to overall consolidated performance. Total comprehensive income was Rs 141.14 crore in Q1 FY27, affected by other comprehensive loss of Rs 0.58 crore, primarily relating to the effective portion of loss on cash flow hedges. The consolidated results incorporate performance from two subsidiaries in biomass and e-mobility segments and two joint ventures, providing investors with a diversified earnings base beyond the core natural gas distribution business.
Sector / Market Context
India's natural gas distribution sector forms part of the broader energy infrastructure ecosystem, serving residential, commercial, and industrial segments. The sector operates under the regulatory framework established by the Petroleum and Natural Gas Regulatory Board (PNGRB), which oversees the distribution of natural gas through city gas distribution networks. According to publicly available government data, natural gas consumption in India has continued to grow, driven by rising energy demand and government initiatives to promote cleaner fuels. The filing notes that the company had signed a Definitive Agreement on 3 November 2020 for the acquisition of three geographical areas named Ludhiana, Jalandhar, and Kutch (East), with authorization for Jalandhar having been transferred by the PNGRB during the year ended 31 March 2025. This expansion reflects the sector's ongoing dynamics as operators seek to extend distribution networks and market reach across diverse geographies.