Adani Total Gas Q1 Results: Revenue rises 21% on higher CNG sales but net profit drops 4%

Adani Total Gas Ltd, a joint venture of Adani Group and Total Energies, on Monday (July 28) reported a 21% increase in revenue to ₹1,498 crore in Q1FY26 compared to ₹1,239 crore in the same period last year.

“During the quarter, we achieved a robust year-on-year volume growth of 16%, driven by a 21% increase in CNG volumes. We are continuing expansion of our city gas distribution (CGD) networks across all 34 geographical areas (GAs) with over 14,000 inch-km of backbone steel pipelines, 650 CNG stations and are very close to touching one million consumers,” Suresh P Manglani, ED & CEO of Adani Total Gas, said.

However, the company’s net profit, earnings before interest, taxes, depreciation, and amortisation, and operating margin contracted during the June quarter. While EBITDA was down 0.7% to ₹293.6 crore, the EBITDA margin narrowed to 19.6% from 23.8% last year.

Net profit for the first quarter fell 3.8% to ₹165.2 crore over the year-ago period.

 “Looking ahead, we are focused on expanding not only our CGD infrastructure across our geographical areas but also our LNG, e-mobility solutions, and CBG (Compressed Biogas) businesses,” Manglani added.

In June, the company announced a partnership with Jio-bp to enhance quality fuel offerings. Under the partnership, Adani Total Gas fuel outlets will offer Jio-bp’s liquid fuels — petrol and diesel, while select Jio-bp fuel outlets will integrate Adani Total’s CNG dispensing units, within the latter’s authorised geographical areas.

Shares of Adani Total Gas closed almost flat at ₹626 on the BSE. The stock has declined more than 16% in the year so far.