CNG Volume Growth (Q4)
17%
+17% YoY
CNG volumes grew 17% year-on-year in Q4 FY26, driven by network expansion and higher demand.
ADANITOTALGAS
Energy
2026-04-??
Adani Total Gas Ltd — Q4 FY26
Adani Total Gas delivered a robust Q4 FY26 with revenue of INR 1,696 Cr (+16% YoY) and EBITDA of INR 310 Cr (+13% YoY), driven by strong volume growth in CNG (+17% YoY) and PNG (+5% YoY).
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
Adani Total Gas delivered a robust Q4 FY26 with revenue of INR 1,696 Cr (+16% YoY) and EBITDA of INR 310 Cr (+13% YoY), driven by strong volume growth in CNG (+17% YoY) and PNG (+5% YoY). Customer additions hit a record 50,000 new domestic PNG connections in the quarter, and the CNG station network expanded to 705 stations. Management guided for similar revenue growth in FY27, targeting EBITDA around INR 1,500 Cr. The company benefited from government priority gas allocation and pool pricing, which helped mitigate geopolitical disruptions. However, industrial volumes saw slight softness due to higher gas costs. Key risk: sustained high gas prices could pressure margins if pass-through remains constrained.
Key Numbers
New Domestic PNG Connections (Q4)
50,000
+50,000 QoQ
Record quarterly addition of 50,000 new domestic PNG connections, the highest ever.
CNG Station Count
705
+25 QoQ
Total CNG stations reached 705, with 140 under company-owned or dealer-operated models.
EV Charge Points
5,100
+5,100 YoY
E-mobility subsidiary now operates 5,100 EV charge points across 226 cities.
Management Guidance
FY27 revenue growth similar to FY26
Management expects revenue growth in FY27 to be similar to or slightly higher than the 18% growth achieved in FY26.
Management guidance revenueFY27 EBITDA target around INR 1,500 Cr
Management guided for EBITDA in the range of INR 1,500 Cr for FY27, implying continued margin discipline.
Management guidance margins10,000 EV charge points target
The company remains on track to install 10,000 EV charging points in the near term, up from 5,100 currently.
Management guidance expansionKey Risks
Geopolitical disruption and gas price volatility
West Asia tensions have led to higher natural gas prices and supply chain challenges, which could impact margins if not managed.
high · management_commentaryIndustrial volume softness due to high gas costs
Industrial and commercial volumes saw slight degrowth as higher gas prices affected demand; sustained high prices could further impact this segment.
medium · analyst_questionDependence on government pool gas allocation
The company relies on government pool gas pricing and allocation; any change in policy could affect cost structure.
medium · data_observationNotable Quotes
Our philosophy has been consumer first. We make sure that in the new geographical area we bring the consumer to the CGD network because they are used to several other uses like liquid fuels, LPG, etc.
We are expecting the same revenue growth which we have achieved in the current financial year. Maybe something more on a new year compared to the existing in current financial year.
85% of our volumes are met from the APM allocation plus HPS NWG volumes and the different contracts; balance around 16% we are buying from the market on a spot basis.
Frequently Asked Questions
What was Adani Total Gas's revenue in Q4 FY26?
Adani Total Gas reported revenue of ₹1,557 Cr in Q4 FY26, representing a +16% change compared to the same quarter last year.
What guidance did Adani Total Gas management give for FY27?
FY27 revenue growth similar to FY26: Management expects revenue growth in FY27 to be similar to or slightly higher than the 18% growth achieved in FY26. FY27 EBITDA target around INR 1,500 Cr: Management guided for EBITDA in the range of INR 1,500 Cr for FY27, implying continued margin discipline. 10,000 EV charge points target: The company remains on track to install 10,000 EV charging points in the near term, up from 5,100 currently.
What are the key risks for Adani Total Gas in FY27?
Key risks include Geopolitical disruption and gas price volatility — West Asia tensions have led to higher natural gas prices and supply chain challenges, which could impact margins if not managed.; Industrial volume softness due to high gas costs — Industrial and commercial volumes saw slight degrowth as higher gas prices affected demand; sustained high prices could further impact this segment.; Dependence on government pool gas allocation — The company relies on government pool gas pricing and allocation; any change in policy could affect cost structure..
Did Adani Total Gas meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Adani Total Gas Q4 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.