Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Adani Total Gas Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,115 | 1,056 | 1,095 | 1,155 | 1,166 | 1,144 | 1,216 | 1,291 | 1,336 | 1,372 | 1,444 | 1,499 | 1,549 |
| Expenses + | 919 | 808 | 815 | 867 | 877 | 847 | 909 | 1,026 | 1,071 | 1,080 | 1,151 | 1,196 | 1,249 |
| Operating Profit | 195 | 248 | 279 | 288 | 289 | 296 | 307 | 264 | 265 | 292 | 293 | 303 | 299 |
| OPM % | 18% | 23% | 26% | 25% | 25% | 26% | 25% | 20% | 20% | 21% | 20% | 20% | 19% |
| Other Income + | 10 | 8 | 10 | 13 | 16 | 12 | 6 | 8 | 9 | 9 | 9 | 9 | 10 |
| Interest | 32 | 24 | 27 | 31 | 29 | 26 | 23 | 27 | 24 | 28 | 26 | 41 | 35 |
| Depreciation | 31 | 33 | 37 | 38 | 49 | 45 | 50 | 52 | 52 | 54 | 59 | 60 | 60 |
| Profit before tax | 142 | 199 | 225 | 231 | 227 | 237 | 240 | 193 | 198 | 219 | 217 | 212 | 214 |
| Tax % | 27% | 26% | 25% | 26% | 27% | 25% | 26% | 26% | 25% | 26% | 26% | 26% | 27% |
| Net Profit + | 104 | 148 | 168 | 172 | 165 | 177 | 178 | 143 | 149 | 162 | 162 | 157 | 156 |
| EPS in Rs | 0.95 | 1.34 | 1.53 | 1.57 | 1.50 | 1.61 | 1.62 | 1.30 | 1.36 | 1.47 | 1.47 | 1.43 | 1.42 |
Financials of Adani Total Gas Ltd
Annual income statement trend
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,129 | 1,087 | 1,374 | 1,719 | 1,875 | 1,696 | 3,038 | 4,378 | 4,472 | 4,986 | 5,864 |
| Expenses + | 921 | 809 | 1,008 | 1,264 | 1,280 | 991 | 2,265 | 3,508 | 3,368 | 3,849 | 4,676 |
| Operating Profit | 208 | 278 | 366 | 455 | 595 | 704 | 773 | 870 | 1,104 | 1,137 | 1,188 |
| OPM % | 18% | 26% | 27% | 26% | 32% | 42% | 25% | 20% | 25% | 23% | 20% |
| Other Income + | 26 | -22 | 80 | 59 | 44 | 30 | 42 | 37 | 47 | 30 | 37 |
| Interest | 43 | 44 | 125 | 90 | 41 | 40 | 53 | 79 | 111 | 100 | 129 |
| Depreciation | 52 | 56 | 61 | 67 | 51 | 63 | 83 | 113 | 157 | 198 | 233 |
| Profit before tax | 138 | 156 | 259 | 357 | 547 | 631 | 679 | 716 | 882 | 868 | 863 |
| Tax % | 41% | 35% | 36% | 36% | 20% | 25% | 26% | 26% | 26% | 25% | 26% |
| Net Profit + | 81 | 101 | 165 | 229 | 436 | 472 | 505 | 530 | 653 | 648 | 637 |
| EPS in Rs | 3.17 | 3.94 | 6.41 | 2.08 | 3.97 | 4.29 | 4.59 | 4.82 | 5.94 | 5.89 | 5.79 |
| Dividend Payout % | 54% | 0% | 0% | 12% | 6% | 6% | 5% | 5% | 4% | 4% | 4% |
Financials of Adani Total Gas Ltd
Capital structure and asset base
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 257 | 257 | 257 | 110 | 110 | 110 | 110 | 110 | 110 | 110 | 110 |
| Reserves | 357 | 458 | 769 | 1,002 | 1,370 | 1,842 | 2,320 | 2,828 | 3,453 | 4,075 | 4,714 |
| Borrowings + | 475 | 549 | 1,345 | 394 | 428 | 529 | 1,035 | 1,420 | 1,555 | 1,831 | 2,252 |
| Other Liabilities + | 345 | 396 | 442 | 552 | 577 | 741 | 964 | 1,278 | 1,406 | 1,583 | 2,368 |
| Total Liabilities | 1,434 | 1,660 | 2,812 | 2,058 | 2,486 | 3,222 | 4,429 | 5,636 | 6,524 | 7,599 | 9,444 |
| Fixed Assets + | 757 | 832 | 897 | 980 | 1,198 | 1,379 | 1,733 | 2,329 | 3,090 | 3,515 | 4,102 |
| CWIP | 157 | 87 | 102 | 190 | 342 | 696 | 1,171 | 1,612 | 1,476 | 1,803 | 1,919 |
| Investments | 49 | 91 | 189 | 186 | 291 | 436 | 648 | 683 | 704 | 993 | 1,928 |
| Other Assets + | 471 | 651 | 1,624 | 701 | 655 | 711 | 878 | 1,013 | 1,254 | 1,288 | 1,495 |
| Total Assets | 1,434 | 1,660 | 2,812 | 2,058 | 2,486 | 3,222 | 4,429 | 5,636 | 6,524 | 7,599 | 9,444 |
Financials of Adani Total Gas Ltd
Operating, investing and financing cash movement
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 255 | 258 | 277 | 356 | 492 | 654 | 732 | 846 | 971 | 980 | 1,150 |
| Cash from Investing Activity + | -413 | -303 | -988 | 791 | -461 | -770 | -1,133 | -1,163 | -769 | -956 | -1,231 |
| Cash from Financing Activity + | 39 | 50 | 779 | -1,077 | -102 | 39 | 422 | 295 | -77 | 58 | 117 |
| Net Cash Flow | -118 | 5 | 68 | 70 | -71 | -78 | 21 | -22 | 124 | 83 | 36 |
| Free Cash Flow | 168 | 134 | 137 | 115 | 51 | 47 | -218 | -312 | 227 | 145 | 247 |
| CFO/OP | 141% | 110% | 100% | 105% | 105% | 112% | 114% | 115% | 105% | 101% | 111% |
Financials of Adani Total Gas Ltd
Working capital efficiency and return ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13 | 19 | 38 | 18 | 12 | 22 | 22 | 26 | 33 | 31 | 26 |
| Inventory Days | 19 | 21 | 19 | 15 | 14 | 25 | 15 | 11 | 10 | ||
| Days Payable | 22 | 28 | 63 | 35 | 28 | 55 | 31 | 36 | 34 | ||
| Cash Conversion Cycle | 10 | 11 | -6 | -2 | -2 | -8 | 6 | 1 | 33 | 31 | 2 |
| Working Capital Days | -9 | 95 | 52 | 5 | -24 | -128 | -137 | -142 | -98 | -65 | -80 |
| ROCE % | 22% | 21% | 24% | 34% | 31% | 25% | 20% | 21% | 17% | 15% |
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