Adani Total Gas Q2 Profit Climbs to Rs 167 Crore as Revenue Surges 34%
Adani Total Gas reports a 34% jump in revenue and a profit rise to Rs 167 crore for Q2 FY27, driven by strong CNG and PNG demand.
Adani Total Gas Limited (ATGL) has posted a steady increase in its standalone net profit for the second quarter of FY27, reaching Rs 167 crore. This represents a 3 per cent growth compared to the Rs 162 crore reported during the same period last year. The growth in profitability comes on the back of a massive surge in revenue, which jumped by 34 per cent to Rs 2,102 crore, up from Rs 1,569 crore in the previous year's July-September quarter.
Strong Operational Growth and Revenue
The company's financial health was further highlighted by a 12 per cent rise in earnings before interest, taxes, depreciation, and amortisation (EBITDA), which stood at Rs 340 crore. Additionally, the profit before tax saw an 8 per cent uptick, climbing to Rs 235 crore from Rs 217 crore in the corresponding quarter of the previous year.
ATGL attributed this performance to three primary drivers: the consistent demand for compressed natural gas (CNG), the increasing penetration of piped natural gas (PNG), and the strategic expansion of its distribution infrastructure.
Sales Volume and Market Penetration
The company witnessed a healthy rise in its standalone sales volume, which grew by 12 per cent year-on-year to reach 315 million standard cubic metres (MMSCM). A detailed look at the segments reveals:
- CNG Sales: Experienced a significant jump of 17 per cent, reaching 223 MMSCM.
- PNG Sales: Grew by 3 per cent, totaling 92 MMSCM.
Battling Rising Input Costs
Despite the revenue growth, the company faced significant headwinds. The cost of natural gas spiked by 43 per cent during the quarter. This pressure was fueled by elevated spot and Brent-linked natural gas prices, the depreciation of the currency, and the removal of temporary pooled-gas support.
"Our diversified sourcing portfolio, mix of long-term contracts and flexible market purchases along with calibrated price mechanism helped manage cost pressures, maintained supply reliability, and sustained customer demand," stated Sanjay Pandita, CEO of ATGL.
To manage the domestic gas allocation for the CNG segment—which averaged around 25 per cent—the company utilized a combination of new well gas, high-pressure, high-temperature (HPHT) gas, and various long-term and short-term market contracts.
Infrastructure Expansion and Half-Yearly Performance
ATGL continues to aggressively expand its footprint. During the quarter, 16 new CNG stations were added, bringing the total count to 723. The company's domestic PNG connections have now reached approximately 11.81 lakh, while its steel pipeline network has extended to 16,305 inch-km as of September 30, 2026.
Looking at the broader picture for the first half of FY27, the company's standalone net profit saw a slight decline of 7 per cent, falling to Rs 300 crore from Rs 324 crore in the previous year. However, the overall trend remains positive in terms of scale, with revenue for the first half rising 31 per cent to Rs 3,999 crore and EBITDA increasing by 3 per cent to Rs 621 crore.