Adani Total Gas Q2 Results: Net profit rises 6% YoY to Rs 173 crore, revenue jumps 34%

Adani Total Gas on Thursday reported a 5.9% year-on-year (YoY) increase in consolidated net profit to Rs 173.27 crore for the second quarter of FY27 (Q2FY27), compared with Rs 163.49 crore in the corresponding period last year.

Revenue from operations rose 33.8% YoY to Rs 2,109.65 crore in Q2FY27, from Rs 1,576.38 crore in Q2FY26, according to the company's exchange filing.

Total expenses increased 38.1% YoY to Rs 1,890.2 crore during the quarter, compared with Rs 1,369 crore a year earlier. Earnings before interest, tax, depreciation and amortisation (EBITDA) grew 12% YoY to Rs 340 crore in Q2FY27.

Adani Total Gas Q2 Results: CNG, PNG volumes rise

Adani Total Gas reported combined compressed natural gas (CNG) and piped natural gas (PNG) volumes of 315 million standard cubic metres (MMSCM) during the quarter, marking a 12% increase year-on-year.

The company added 16 CNG stations during the quarter, taking its network to 723 stations. PNG home connections expanded by 39,574 to 11.81 lakh, while industrial and commercial connections increased by 442 to 10,864.

Its steel pipeline network expanded by 318 inch-km during the quarter, taking the cumulative network to 16,305 inch-km.

Including its joint venture, Indian Oil-Adani Gas Private Limited (IOAGPL), Adani Total Gas reported a pan-India combined CNG and PNG volume of 529 MMSCM, up 18% YoY.

The combined network, including the joint venture, comprised 1,185 CNG stations, following the addition of 18 stations. PNG home connections crossed 14.31 lakh, serving more than 6 million people daily. Industrial and commercial connections rose to 12,925, with around 600 new customers added. The cumulative steel pipeline network reached 29,156 inch-km.

Adani Total Gas Q2 Results: EV charging, biomass businesses expand

Adani TotalEnergies E-mobility Ltd (ATEL) expanded its footprint to 5,513 installed electric vehicle (EV) charging points across 26 states and Union Territories and 225 cities. Of these, 4,809 charging points were operational, with installed capacity reaching approximately 63 MW.

Adani TotalEnergies Biomass Ltd (ATBL) sold 460 tonnes of compressed biogas (CBG) in H1FY27. This included 195 tonnes sold through dedicated CBG stations, with the remainder supplied to third parties.

Sales of organic manure exceeded 6,865 tonnes during the first half, including more than 1,757 tonnes under the Harit Amrit brand. The brand also continued its regional expansion through farmer awareness programmes.

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On the environmental, social and governance (ESG) front, the company's NSE Sustainability score increased to 75, while its Stakeholders Empowerment Services (SES) score improved to 75 out of 100.

Adani Total Gas Q2 Results: Management commentary

Sanjay Pandita, CEO of Adani Total Gas, said the performance came against a challenging operating backdrop, including the continuing West Asia crisis, elevated Brent crude and spot gas prices, currency depreciation and a reduction in allocation under the administered pricing mechanism (APM).

The company's diversified sourcing portfolio, comprising long-term contracts and flexible market purchases, along with calibrated pricing mechanisms, helped it manage cost pressures, maintain supply reliability and sustain customer demand, Pandita said.

He added that the company remained focused on disciplined capital allocation, volume growth, operational excellence and digital enablement across its CNG, PNG, e-mobility and biomass businesses to create long-term value for customers and stakeholders.

Sanjay Pandita appointed executive director

Separately, Adani Total Gas said Pandita, currently its chief executive officer, has been appointed as an additional director and whole-time director, designated as executive director, with effect from November 1, 2026. The appointment is for three years and is subject to shareholder approval.

Following the appointment, Pandita will hold the combined designation of executive director and chief executive officer.

The appointment comes as Suresh P. Manglani retires as executive director and key managerial personnel upon superannuation. Manglani will step down at the close of business on October 31, 2026.

Adani Total Gas share price

Shares of Adani Total Gas ended Thursday’s trading session at Rs 555.50 on the NSE, down 0.70% from the previous close of Rs 559.40. The stock traded in a range of Rs 547.65 to Rs 558.65 on the NSE during the session.

Year-to-date (YTD), Adani Total Gas shares have declined 6.50%, based on NSE data.

At the current market price, the company had a market capitalisation of Rs 60,803 crore on the NSE as of October 22, 2026.

Disclosure: This article has been written by Kumar Gaurav, who is not a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclaimers here