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Adani Total Gas Ltd

Q2 FY24Gas

Adani Total Gas Q2 FY24 earnings call: Revenue & Margins

Q2 FY24 investor presentation: what the company reported on revenue, margins and projects.

Price₹612
Market cap₹72.7K Cr
P/E119.6
Updated24 Sept 2026
Read5 min read

Based on Adani Total Gas Ltd's Q2 FY24 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the presentation reports, not management guidance.

The short version

Q2FY24 Revenue from Operations (Standalone): INR 1,178 Cr, down 1% YoY (Q2FY23: INR 1,190 Cr) [Page 4, 30] - Q2FY24 Sales Volume: 211 MMSCM, up 10% YoY (Q2FY23: 190 MMSCM) [Page 4] - Q2FY24 CNG Sales Q2 FY24 EBITDA: INR 290 Cr, up 23% YoY (from INR 236 Cr in Q2 FY23) - Q2 FY24 Operating EBITDA (Standalone): INR 279 Cr (Page 41) - Q2 FY24 Profit After Tax (PAT): INR 168 Cr, up 20% YoY (from INR 139 Cr in Q2 FY23) - Q2 FY24 Revenue from Operations: INR 1,178 Cr, slight decline -1% YoY (from INR 1,190 Cr) - Operating Margin (EBITDA/Revenue): Approx.

From Adani Total Gas Ltd's Q2 FY24 earnings-call transcript · updated 24 Sept 2026.

Revenue & Sales Performance

  • Q2FY24 Revenue from Operations (Standalone): INR 1,178 Cr, down 1% YoY (Q2FY23: INR 1,190 Cr) [Page 4, 30]
  • Q2FY24 Sales Volume: 211 MMSCM, up 10% YoY (Q2FY23: 190 MMSCM) [Page 4]
  • Q2FY24 CNG Sales Volume: 136 MMSCM, up 20% YoY (Q2FY23: 113 MMSCM) [Page 4, 30]
  • Q2FY24 PNG Sales Volume: 75 MMSCM, down 3% YoY (Q2FY23: 77 MMSCM) [Page 4, 30]
  • CNG Stations increased to 483, adding 23 new stations in H1FY24 [Page 2]

2 more points management made on revenue & sales performance

Profitability & Margins

See what Adani Total Gas Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • INR 2936 Cr of asset additions reported, reflecting ongoing capex (Page 36).
  • Construction of 2 biogas plants underway as part of bio-business (Page 16).
  • ATBL building one of India’s largest Compressed Bio Gas (CBG) plants at Barsana, UP; sourcing of feedstock commenced; phase 1 commissioning targeted in FY24 (Page 3).
  • Won tender from Ahmedabad Municipal Corporation to design, build, finance & operate a 500 TPD Municipal Solid Waste (MSW) based Biogas plant in Ahmedabad (Page 3).
  • PNG pipeline addition of ~403 inch-km laid in Q2FY24; 31,110 new PNG connections added in Q2FY24 (Page 40).
  • Added 37 new CNG stations in Q2FY24, total now 785 (Page 40).

2 more points management made on capital expenditure plans

Top-ranked in Gas

Ranked on what management guided this quarter

5x potential
1Aegis Logistics
Rev 2Mar 3
2IRM Energy
Rev 2Mar 3
3
Rev 3Mar 3
4
Rev 3Mar 3
5
Rev 3Mar 3
Sign up free to see 3 moreTakes 30 seconds · no cardSign up

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Adani Total Gas Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

The provided investor presentation does not explicitly report any details on order book, order inflow, or pending orders. Specifically: - There is no mention or data regarding order book size or value. - No information is provided on recent order inflows or contract awards. - Pending orders or backlog details are not reported anywhere in the presentation. The focus of the presentation is primarily on financial performance, operational metrics (such as volumes, revenues, EBITDA, PAT), new business developments (e-mobility, biomass), asset additions, debt, and strategic initiatives. Forward-looking statements and disclaimers emphasize that no offering or investment solicitation is made. Therefore, based solely on the presentation's content, information on order book, order inflow, or pending orders is not disclosed.

Adani Total Gas Ltd — 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. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Adani Total Gas Ltd Q2 FY24 results?

Q2FY24 Revenue from Operations (Standalone): INR 1,178 Cr, down 1% YoY (Q2FY23: INR 1,190 Cr) [Page 4, 30] - Q2FY24 Sales Volume: 211 MMSCM, up 10% YoY (Q2FY23: 190 MMSCM) [Page 4] - Q2FY24 CNG Sales Q2 FY24 EBITDA: INR 290 Cr, up 23% YoY (from INR 236 Cr in Q2 FY23) - Q2 FY24 Operating EBITDA (Standalone): INR 279 Cr (Page 41) - Q2 FY24 Profit After Tax (PAT): INR 168 Cr, up 20% YoY (from INR 139 Cr in Q2 FY23) - Q2 FY24 Revenue from Operations: INR 1,178 Cr, slight decline -1% YoY (from INR 1,190 Cr) - Operating Margin (EBITDA/Revenue): Approx.

What is Adani Total Gas Ltd share price analysis?

Adani Total Gas Ltd currently shows a neutral. The stock trades at a P/E of 119.6 with a market cap of ₹72,664 Cr. Investors should review the full earnings analysis for detailed insights.

Is Adani Total Gas Ltd planning capital expenditure?

INR 2936 Cr of asset additions reported, reflecting ongoing capex (Page 36).

Keep Adani Total Gas Ltd on your radar — track it to get its next earnings analysis in your feed.

This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.