Adani Total Gas Q4 Results: Cons PAT grows 9% YoY to Rs 168 crore; revenue up 17%

Adani Total Gas on Monday reported a consolidated net profit of Rs 168 crore in the March-ended quarter versus Rs 154 crore in the year ago period, implying a 9% YoY uptick. The company posted a 17% growth in its revenue from operations at Rs 1,695 crore compared to Rs 1,453 crore in the corresponding quarter of the last financial year.

The profit after tax (PAT) grew 6% on a sequential basis versus Rs 159 crore posted in Q3FY26 while the topline grew 3.4% quarter-on-quarter against Rs 1,639 crore in the October-December quarter of FY26.

On a standalone basis, PAT grew 4% in the quarter under review to Rs 156 crore versus Rs 149 crore in the year ago period. The standalone revenue in the January-March quarter of FY26 stood at Rs 1,696 crore, recording a 16% growth over Rs 1,457 crore reported in Q4FY25.


The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at Rs 310 crore in Q4FY26 versus Rs 274 crore in Q4FY25, implying a 13% rise.

The company said the rise in revenue was due to higher volume.

The cost of natural gas increased 18% YoY to Rs 1,199 crore in the quarter under review versus Rs 1,015 in the year ago period as lower allocation of APM gas to CNG segment, higher HH prices, higher spot prices due to geopolitical tension were major culprits.

During the quarter, APM allocation for the CNG segment reduced to 36% from 41% from last quarter, the balance was met with existing contracts and Spot procurement.

ATGL said it took a calibrated approach in passing the higher gas cost to ensure volume growth does not get impacted.

The profit before tax (PBT)increased by 8% to Rs 214 crore.

Management commentary

CEO & Executive Director Suresh P. Manglani said ATGL delivered strong double-digit growth in volumes and revenues, supported by steady EBITDA expansion aided by "resilient execution, underpinned by operational excellence and digital enablement".

"Despite geopolitical disruptions from West Asia, elevated LNG prices, and currency volatility, our nimble and diversified sourcing strategy ensured uninterrupted gas supply. ATGL’s focus remained on system stability, calibrated expansion with financial prudence, and long‑term sustainability, strengthening consumer confidence and ensuring operational excellence. We continued to scale our clean energy infrastructure across CNG, PNG, and e-mobility, with EV charge points crossed the 5,100 mark. During the period, we strengthened our ESG performance through improved sustainability ratings, reinforcing ATGL’s position among leading ESG performers in its peer group," Manglani said.

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