Prime Highlights
- The CEO said the company delivered strong results despite the West Asia crisis and high gas prices.
- Revenue from operations rose 34.1% to ₹1,936 crore in the second quarter.
Key Facts
- Adani Total Gas Ltd is an Indian city gas distribution company supplying CNG and PNG.
- The company’s CNG network expanded to 723 stations after 16 additions in the quarter.
Background
Adani Total Gas Ltd reported a 3.2% rise in net profit to ₹167 crore for the second quarter of FY27, up from ₹162 crore a year earlier. The company announced the results in the fourth week of October. Revenue from operations jumped 34.1% to ₹1,936 crore from ₹1,444 crore.
EBITDA grew 11% to ₹326 crore from ₹293 crore. However, the EBITDA margin narrowed to 16.8% from 20.3% in the same quarter last year.
On a standalone basis, combined CNG and PNG volume rose 12% to 315 million standard cubic metres. The company added 16 CNG stations, taking its network to 723. It added 39,574 PNG home connections, lifting the total to 11.81 lakh, and brought 442 new industrial and commercial customers on board. Its steel pipeline network grew by 318 inch-kilometres to 16,305 inch-kilometres.
Including its joint venture, IndianOil-Adani Gas Private Ltd, combined volume reached 529 million standard cubic metres, up 18%. The combined CNG network now stands at 1,185 stations, while PNG home connections crossed 14.31 lakh.
CNG volume grew 17% year on year, while PNG volume rose 3%.
Adani TotalEnergies E-mobility Ltd now has 5,513 EV charge points across 26 states and Union Territories. Adani TotalEnergies Biomass Ltd sold 460 metric tonnes of compressed biogas in the first half of FY27.
CEO Sanjay Pandita said the company delivered a strong performance despite a challenging environment, including the West Asia crisis, high Brent and spot gas prices, currency depreciation and lower APM allocation. He said a diversified sourcing mix and calibrated pricing helped manage costs and maintain supply.