Adani Total Gas Limited (ATGL), one of India’s leading city gas distribution (CGD) companies, reported strong operational and financial performance for the first quarter of FY27, driven by higher gas volumes, continued infrastructure expansion and growing consumer demand for cleaner energy solutions. The company recorded a 27% year-on-year increase in revenue from operations and a 13% rise in overall gas volumes during the quarter ended June 30, 2026.
The company’s growth was supported by steady expansion of its city gas network across existing and newly authorized geographical areas, along with increasing adoption of compressed natural gas (CNG), piped natural gas (PNG) and other clean energy solutions.
ATGL reported robust demand across its CNG business, with CNG volumes rising 18% year-on-year. The growth was led by expansion of the CNG station network and improved throughput across multiple geographical areas. The company also strengthened its residential PNG network, connecting nearly 11.41 lakh households with piped natural gas.
PNG volumes increased 4% despite geopolitical uncertainties in West Asia that affected global energy markets. Growth was supported by higher demand from domestic and commercial consumers, reflecting the continued shift toward cleaner fuel alternatives.
Revenue from operations rose 27% over the corresponding quarter last year, primarily due to higher gas sales volumes. However, profitability was impacted by higher natural gas procurement costs. The cost of natural gas increased 39% during the quarter owing to elevated global gas prices, higher Brent crude prices, changes in APM gas pricing and ongoing geopolitical tensions.
During the quarter, the allocation of APM gas for the CNG segment declined to around 30% from 36% in the previous quarter. The balance demand was met through existing contracts and higher-priced spot purchases. Despite the challenging cost environment, ATGL adopted a measured pricing strategy to protect customer demand while ensuring reliable gas supplies. The company reported EBITDA of Rs. 281 crore during the quarter, while Profit Before Tax (PBT) stood at Rs. 178 crore and Profit After Tax (PAT) came in at Rs. 133 crore.
Commenting on the performance, Sanjay Pandita, Chief Executive Officer of ATGL, said the company continued to deliver strong operational growth despite a challenging global energy environment. He said ATGL remained focused on maintaining uninterrupted gas supplies, improving operational efficiency and creating long-term value through disciplined network expansion, digital initiatives and investments in clean energy businesses.
The company also strengthened its environmental, social and governance (ESG) profile during the quarter. Its ESG ratings improved, with CareEdge increasing its score to 84 from 83 and CRISIL raising its score to 66 from 61, placing ATGL among the better-performing companies in its sector.
ATGL currently operates across 34 geographical areas and, through its joint venture with Indian Oil Corporation, has a presence in 53 geographical areas. The company is also expanding into e-mobility, biomass and smart gas meter manufacturing through dedicated subsidiaries and joint ventures, supporting India’s transition toward a cleaner and more sustainable energy future.
