Mumbai | Adani Total Gas Limited (ATGL) on Tuesday announced its Q1 FY27 financial results, reporting a consolidated net profit of ₹141.72 crore, marking a 14.2% year-on-year decline from ₹165.24 crore recorded in the corresponding quarter of the previous fiscal year.
Despite the decline in profit, the company delivered strong revenue growth, with consolidated revenue from operations rising 27.3% to ₹1,906.79 crore, compared with ₹1,498.32 crore in Q1 FY26, driven by continued growth in its natural gas distribution business.
Consolidated Financial Highlights
- Net Profit (PAT): ₹141.72 crore, down 14.2% year-over-year.
- Revenue from Operations: ₹1,906.79 crore, up 27.3%.
- Total Income: ₹1,919.77 crore, an increase of 27.4% from the previous year.
- Profit Before Tax (PBT): ₹186.90 crore, down 15.9% from ₹222.29 crore.
- Basic Earnings Per Share (EPS): ₹1.29, compared with ₹1.50 in Q1 FY26.
Standalone Financial Performance
On a standalone basis, Adani Total Gas reported:
- Net Profit: ₹133.03 crore, down 18% from ₹162.17 crore a year earlier.
- Revenue from Operations: ₹1,896.74 crore, up 27.2% from ₹1,491.44 crore.
- Basic EPS: ₹1.21, compared with ₹1.47 in the same quarter last year.
Business Performance
The company stated that its operations continue to be focused on a single business segment—the sale and distribution of natural gas. Therefore, no separate reportable business segments are presented under Ind AS 108 – Operating Segments.
Key Corporate Developments
During the quarter, the company reported the following developments:
- Joint Ventures contributed a share of profit of ₹9.57 crore, primarily from Indian Oil-Adani Gas Pvt. Ltd. and SmartMeters Technologies Pvt. Ltd.
- The Petroleum and Natural Gas Regulatory Board (PNGRB) approved the transfer of the Jalandhar Geographical Area (GA) authorization, although the transaction has not yet been completed.
- Appeals related to the Noida and Faridabad Geographical Areas remain pending before the Appellate Tribunal for Electricity (APTEL). The company stated that no financial impact has been recognized in relation to these legal proceedings.
- The company also noted ongoing U.S. Securities and Exchange Commission (SEC) and U.S. Department of Justice (DOJ) proceedings involving a non-executive director, adding that these matters have no impact on the company’s operations or financial statements.
Board Meeting
The Board of Directors approved the financial results at a meeting held on July 21, 2026, which commenced at 1:45 PM and concluded at 3:00 PM.
Stock Information
The company’s shares are listed under:
- BSE: 542066
- NSE: ATGL
While Adani Total Gas reported a decline in quarterly profitability, its double-digit revenue growth, expanding natural gas distribution business, and continued investment in infrastructure highlight sustained operational momentum. Investors will continue to monitor the company’s future earnings, regulatory developments, and expansion strategy in the coming quarters.
