Adani Total Gas Quarterly Results Q1 FY27

If you track Adani Total Gas shares, do not look only at higher sales. Q1 FY27 shows that revenue and gas volumes increased, but rising gas costs reduced profit.

• Revenue jumped 27% to ₹1,910 crore.
• Total gas sales volumes grew 13%.
• CNG sales volumes increased 18% YoY.
• EBITDA declined 7% to ₹281 crore.
• Standalone PAT fell 18% to ₹133 crore.
• Gas costs increased 39% year-on-year.

Adani Total Gas reported strong revenue growth during the quarter ended 30 June 2026. However, EBITDA and profit declined compared with Q1 FY26.

The table shows why checking only revenue can give an incomplete picture. Revenue rose strongly, but costs rose even faster.

Profit fell mainly because the cost of buying natural gas increased sharply.

Natural gas cost rose from ₹1,049 crore in Q1 FY26 to ₹1,454 crore in Q1 FY27. That is a 39% increase.

The company faced pressure from higher gas prices, currency depreciation and lower allocation of cheaper Administered Price Mechanism gas for CNG.

Think of a person earning ₹1,000 more in a month but spending ₹1,500 extra on expenses. His total income increased, but the money left after expenses became lower.

A similar basic idea applies here. Adani Total Gas sold more gas, but the cost of supplying that gas rose sharply.

Yes. Total compressed natural gas and piped natural gas sales volume increased 13% YoY to 303 MMSCM in Q1 FY27.

The growth was stronger in CNG.

CNG volume increased 18%, while PNG volume increased 4%.

This tells you that customer demand and gas sales continued to grow even though profitability remained under pressure.

Yes. Adani Total Gas continued adding CNG stations, pipelines and PNG connections during Q1 FY27.

As of 30 June 2026, the company reported:

• 707 CNG stations
• Around 11.41 lakh domestic PNG connections
• 7,277 commercial PNG connections
• 3,145 industrial PNG connections
• 15,987 inch-km steel pipeline network

During Q1 FY27, the company added five CNG stations and 38,243 domestic PNG connections.

For an investor, network growth matters because a wider network can support future gas sales. However, more stations or connections do not automatically mean higher profit. Costs and gas prices still matter.

EBITDA fell 7% YoY from ₹301 crore to ₹281 crore.

EBITDA helps you understand how the main business performed before interest, tax, depreciation and amortisation.

Here, revenue increased 27%, but EBITDA declined.

That tells you operating costs put pressure on the money generated from the core business.

You should therefore check both revenue growth and EBITDA movement instead of judging the quarter from sales alone.

Adani Total Gas also operates in areas linked to cleaner mobility and energy infrastructure.

These include electric vehicle charging and compressed biogas activities.

Such businesses may support diversification over time. However, city gas distribution remains an important part of the company's operations.

For investors, these newer businesses should be tracked separately from the main CNG and PNG numbers. Expansion does not automatically mean immediate profit growth.

The biggest risk visible in Q1 FY27 is the cost of natural gas.

If gas procurement costs remain high, profit margins may stay under pressure even when sales volumes rise.

Other factors can also matter:

• Domestic gas allocation changes
• International gas prices
• Currency movements
• CNG and PNG demand
• Customer price increases
• Network utilisation levels

You should also compare future quarters with Q1 FY27. One quarter alone cannot show the full direction of the business.

Adani Total Gas Q1 FY27 results show strong sales growth, but rising gas costs affected profitability. Revenue increased 27% YoY to ₹1,910 crore, while total gas volumes rose 13% to 303 MMSCM. However, EBITDA fell 7%, and standalone PAT declined 18% to ₹133 crore. For investors, the key point is to look beyond revenue growth. Gas costs, margins, volumes, and profit trends together give a clearer picture of the company’s quarterly performance and future business direction over the coming quarters.