Adani Total Gas Ltd
Adani Total Gas Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Adani Total Gas aims for consistent double-digit volume growth, driven by expanding geographical areas and infrastructure development. Adani Total Gas targets robust double-digit volume growth driven by network expansion and deeper market penetration.
From Adani Total Gas Ltd's Q2 FY26 earnings-call transcript · updated 16 Oct 2026.
Revenue & Sales Performance
- Adani Total Gas aims for consistent double-digit volume growth, driven by expanding geographical areas and infrastructure development.
- New geographical areas show higher growth rates, e.g., 26% CNG growth and 99% PNG growth in new GAs.
- CNG stations are expected to grow at a pace similar to past years, with around 100 new stations added annually.
- EV charging infrastructure is rapidly expanding, targeting 10-15 charge points added daily; aiming to increase from 42 MW to 100 MW capacity soon.
- The JV (IOC-Adani) is growing volumes by around 19% with infrastructure expansion and utilization ramp-up expected to contribute to consolidated revenue and profit in coming quarters.
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Profitability & Margins
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Capital Expenditure Plans
- Adani Total Gas is actively adding CNG stations, having added around 100 stations last year, with a similar number planned annually going forward, supported by progress in upstream pipeline infrastructure.
- Several Letters of Intent (LOIs) have been issued for new CNG station setups (DODO, CODOs), with sites already identified.
- EV charging infrastructure is rapidly expanding, with 4,209 charge points currently, adding about 7-8 per day, targeting 10-15 daily installations and aiming to increase capacity from 42 MW towards 100 MW soon.
- LNG retailing plans are cautious; three LNG stations exist with two under development (Dahej and Mundra), monitoring market developments before expansion.
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Top-ranked in Gas
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
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Adani Total Gas Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.5K Cr, net profit ₹156 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Adani Total Gas's management said in earlier quarters
- Q1 FY24 earnings call analysis →
- Q2 FY24 earnings call analysis →
- Q4 FY24 earnings call analysis →
- Q4 FY25 earnings call analysis →
- Q1 FY26 earnings call →
- Q3 FY25 earnings call →
- Q3 FY24 earnings call →
- Q4 FY23 earnings call →
- Q3 FY23 earnings call →
- Q2 FY23 earnings call →
- Q1 FY23 earnings call →
- Q4 FY22 earnings call →
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Frequently Asked Questions
What were Adani Total Gas Ltd Q2 FY26 results?
Adani Total Gas aims for consistent double-digit volume growth, driven by expanding geographical areas and infrastructure development. Adani Total Gas targets robust double-digit volume growth driven by network expansion and deeper market penetration.
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 104.8 with a market cap of ₹63,718 Cr. Investors should review the full earnings analysis for detailed insights.
Is Adani Total Gas Ltd planning capital expenditure?
Adani Total Gas is actively adding CNG stations, having added around 100 stations last year, with a similar number planned annually going forward, supported by progress in upstream pipeline infrastructure.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.