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Informist, Tuesday, Jul. 21, 2026

 

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--Adani Total Apr-Jun consol net profit INR 1.42 bln
--Adani Total Apr-Jun consol revenue INR 19.07 bln
--Adani Total Apr-Jun consol PAT INR 1.42 bln vs INR 1.65 bln year ago
--Adani Total Apr-Jun consol revenue INR 19.07 bln vs INR 14.98 bln year ago
--Adani Total Apr-Jun consol EBITDA INR 2.93 bln
--Adani Total: Gas purchase cost rose 39% on year Q1 amid West Asia crises
--Adani Total Apr-Jun CNG, PNG sales volume 303 mscm, up 13% on year
--Adani Total Apr-Jun CNG sales 218 mscm, up 18% on year
--Adani Total Q1 piped natural gas sales 85 mscm, up 4% on year
--Adani Total added 5 CNG stations in Apr-Jun, total CNG stations at 707
--Adani Total: Took calibrated price hikes in Q1 to limit impact on volumes
--Adani Total: Moved to costlier options amid lower gas allocation from govt

 

By Sunil Raghu

 

AHMEDABAD – A sharp rise in the cost of natural gas has dented the year-on-year net profit of Adani Total Gas Ltd. for the June quarter. The company's revenue, however, grew in double digits on year for the eighth consecutive quarter, as it implemented price hikes to offset the rise in cost of its key raw material.

 

The company reported a consolidated net profit of INR 1.42 billion for the June quarter, down almost 14% on year and 16% on quarter. Its revenue for the reporting period, excluding excise duty, was INR 17.53 billion, up over 26% on year and 13% on quarter.

 

Including excise duty, the company's top line was INR 19.07 billion, up over 27% on year. The excise duty charge on Adani Total Gas for the June quarter stood at INR 1.53 billion, up almost 28% on year.

 

The company's expenses grew to INR 17.42 billion, up over 35% on year and almost 17% on quarter, as energy prices surged following the outbreak of war in West Asia. The cost of natural gas and traded items increased over 40% on year and over 22% on quarter to INR 13.02 billion. This is by far the biggest expenditure for the company.

 

Adani Total Gas Ltd.'s total sales volume in the June quarter rose 13% on year to 303 million standard cubic metres, according to a release from the company. Sales of compressed natural gas rose 18% on year to 218 million standard cubic metres. Sales of piped natural gas rose 4% to 85 million standard cubic metres. The Centre has been pushing for higher sales of domestic PNG as global markets grapple with high costs and shortage of liquefied petroleum gas.

 

During the quarter, the share of government-allocated domestic natural gas for the CNG segment reduced to 30% from 36% in the March quarter, with the balance need being met through existing contracts and higher-priced spot procurement, the company said in its release. "Adani Total Gas Ltd. took a calibrated approach in passing the higher gas cost to ensure volume growth does not get impacted," it added.

 

The company's cost of natural gas rose 39% on year to INR 14.54 billion for the June quarter owing to lower allocation of administered price mechanism gas to the CNG segment, higher Henry Hub gas prices, and higher spot prices following the outbreak of the war in West Asia, the company said. Its consolidated earnings before interest, tax, depreciation, and amortisation fell 7% on year to INR 2.81 billion for the June quarter, from INR 3.01 billion a year ago.

 

The company added five CNG stations during the quarter, taking its total to 707. Adani Total Gas added 448 commercial and industry piped gas users during the quarter, taking the total connections to 11,022. It also added 38,243 domestic connections, taking the total residential connections to over 11.41 million homes. The company has expanded its footprint to 5,306 installed electric vehicle charge points across 26 states and 226 cities, with an installed capacity of 58 megawatts. It also sold 323 tonnes of compressed bio gas in the June quarter.

 

The management had told analysts in a conference call after detailing the March quarter earnings that it expects the company's revenue to grow in the financial year 2026-27 (Apr-Mar) at a pace similar to that in FY26. The company has also made calibrated increases in the selling price for sections of its customers to help maintain its margins.

 

The company announced its June quarter financial results during market hours Tuesday. Its shares, which were near INR 711.50 per share on the National Stock Exchange, fell to a low of INR 690.3 per share and ended at INR 700.40 per share, down 1.75% from Monday.  End

 

Edited by Rajeev Pai

 

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