Adani Total Gas Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book

Published 25 Aug 2026 | Gas | Market Cap: ₹71.1K Cr

Volume growth is expected to continue in a similar manner as current trends (Q1 FY27 showed 13% YoY growth in gas sales volume). Volume growth is expected to continue steadily due to network expansion in CNG, PNG, and industrial segments, supporting revenue growth.

From Adani Total Gas's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.

Price

638

Market Cap

₹71.1K Cr

P/E Ratio

116.9

Revenue Rank

Rank 3

Margin Rank

Rank 3

How does Adani Total Gas rank in Gas?

Compare Adani Total Gas against every Gas company this quarter on revenue, margins and earnings-call signals.

Revenue: Rank 3Margin: Rank 3
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Adani Total Gas — Quarterly revenue & net profit

Revenue Net Profit
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹1.5K Cr, net profit ₹156 Cr.

Full financials →

📊 Revenue & Sales Performance

Rank 3
  • Volume growth is expected to continue in a similar manner as current trends (Q1 FY27 showed 13% YoY growth in gas sales volume).
  • Continuous expansion of CNG, PNG, and industrial networks supports sustained growth.
  • Target to maintain the current rate of adding PNG connections, with exploration of new business models like reticulated systems to accelerate numbers.
  • Infrastructure expansion includes adding CNG stations and household connections (38,000 new domestic customers added in Q1).
  • Government support facilitates easier pipeline laying and permissions, aiding volume growth.
  • Increasing demand from light commercial vehicles and passenger vehicles is expected to sustain double-digit growth in CNG segment.
  • E-Mobility business (EV charging network) is growing rapidly with a 100% YoY increase; aiming for 10,000 charging points.
  • Focus on improving network utilization and operational efficiency underpins revenue growth prospects.

📈 Profitability & Margins

Rank 3
  • Volume growth is expected to continue steadily due to network expansion in CNG, PNG, and industrial segments, supporting revenue growth.
  • Efficient onboarding and training of technical personnel aim to accelerate PNG connections, maintaining growth momentum.
  • Government support and streamlined permissions (e.g., deemed approvals) facilitate faster pipeline laying and customer additions.
  • The company is exploring new business models (e.g., reticulated LPG systems) to enhance connection rates and volumes.
  • Despite current margin pressure due to elevated gas costs and spot purchases, mid- to long-term contracts and supply stabilization are expected to improve margins.
  • Expansion in e-mobility (EV charging) with 100% YoY growth signals diversification and future revenue streams.
  • Operating profits and EPS expected to improve as supply and margin pressures ease post the Middle East crisis and with better gas sourcing strategies.
  • Capex budget is moderately higher to support accelerated infrastructure development, which underpins growth in operating earnings.

🏗️ Capital Expenditure Plans

Yes
  • Adani Total Gas Limited has planned a slightly higher capex budget for pipeline laying compared to the previous year, focusing on areas with evident growth.
  • A dedicated task force is working to increase domestic PNG connections owing to government push.
  • They are exploring multiple business models, including reticulated systems and LPG systems, to accelerate PNG connection growth.
  • Investments continue in expanding the CNG infrastructure, with new stations being added to support volume growth.
  • The EV charging network is expanding rapidly, targeting 10,000 charging points to capture clean energy mobility opportunities.
  • The company is monitoring gas sourcing scenarios and focusing strategically on midterm and long-term contracts to stabilize margins and secure supply.
  • No major deviations or new large-scale strategic investments were explicitly mentioned beyond ongoing infrastructure expansion and gas sourcing contract management.

💰 Fundraising & Capital Structure

No information
The transcript from the Q1 FY27 Earnings Call of Adani Total Gas Limited does not mention any current or planned fundraising activities, either through debt or equity. Key points relevant to fundraising: - No explicit discussion or announcement regarding new debt or equity issuance during the call or in the Q&A. - Focus remains on monitoring capex spending, especially pipeline laying, with a slightly higher budget compared to last year but selectively executed based on growth areas. - Management prioritized volume growth and operational efficiency rather than capital raising. - No references found about plans for capital raising to support expansion or refinancing. Hence, based on the provided document, there are no disclosed plans for new fundraising through debt or equity at this time.

📋 Order Book & Pipeline

No information
The transcript from the Adani Total Gas Limited Q1 FY27 earnings call does not provide explicit details regarding the current or expected order book or pending orders. However, some relevant points hinting at growth and expansions include: - Expansion of pipeline network to 15,987-inch kilometers supporting future growth. - Addition of 38,000 new household PNG connections and a total customer base growing steadily. - Increase in CNG stations by 5 new additions, totaling 707 stations. - Significant growth in industrial and commercial customers (3x and 2x year-on-year, respectively). - Continued infrastructure expansion supported by government push, including pipeline laying. - Slightly higher capex budget indicated for pipeline expansion compared to last year. No specific orderbook or pending order values or forecasts were disclosed in the available transcript.

Key Metrics

Revenue

Rank 3

Margin

Rank 3

Capex

Yes

Fundraise

No information

Order Book

No information

Frequently Asked Questions

What were Adani Total Gas Q1 FY27 results?

Volume growth is expected to continue in a similar manner as current trends (Q1 FY27 showed 13% YoY growth in gas sales volume). Volume growth is expected to continue steadily due to network expansion in CNG, PNG, and industrial segments, supporting revenue growth.

What is Adani Total Gas share price analysis?

Adani Total Gas currently shows a below-average growth signal. The stock trades at a P/E of 116.9 with a market cap of ₹71,059 Cr. Investors should review the full earnings analysis for detailed insights.

Is Adani Total Gas planning capital expenditure?

Adani Total Gas Limited has planned a slightly higher capex budget for pipeline laying compared to the previous year, focusing on areas with evident growth.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.

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