Adani Total Gas Management Guidance Tracker

23 forward-looking guidance items tracked across 8 quarters.

Expansion

Q1 FY2510 LNG stations to be commissioned in FY25Active

ATGL targets commissioning 10 LNG stations in the current financial year, with the first station in Tirupur, Tamil Nadu.

Q1 FY25Jalandhar GA to start CNG dispensing within 1.5 monthsActive

ATGL expects to commission 3-4 CNG stations in Jalandhar within 1.5 months and begin CNG dispensing.

Q2 FY25LNG for transport and mining expansionTracked

First LNG station commissioned in Tiruppur; more stations under construction to cater to long-haul trucks and mining.

Q3 FY25EV charging points target of 3,000 by March-April 2025Active

Aim to reach around 3,000 EV charging points by March to April 2025, up from 1,914 currently.

Q4 FY25EV business investment of INR 70-80 crore in FY26Tracked

Planned investment in e-mobility subsidiary for the coming year is INR 70-80 crore, with 1,500-2,000 new charge points.

Q2 FY26EV charging network target of 10,000 pointsTracked

Targeting 10,000 EV charging points (currently 4,209) with a capacity of 100 MW (currently 42 MW).

Q3 FY26Target 10,000 EV charge points soonTracked

ATGL's e-mobility subsidiary has installed 4,908 charge points and aims to reach 10,000 in the near future.

Growth

Q1 FY25CBG plant commissioning completed, diversifying feedstockTracked

Phase 1 of the Barsana biomass plant is commissioned; ATGL is adding paddy straw and pressmud feedstock to increase CBG and fertilizer output.

Q2 FY25EV charging points target of 3,000Tracked

Management aims to reach 3,000 EV charging points in the near future.

Q4 FY25Double-digit volume growth in FY26Active

Management expects to maintain double-digit volume growth, supported by new GA ramp-up and infrastructure expansion.

Q1 FY26Double-digit CNG volume growth expectedActive

Management expects to maintain double-digit growth in CNG volumes, driven by infrastructure expansion and OEM tie-ups.

Q2 FY26Double-digit volume growth expected to continueActive

Management expects sustained double-digit volume growth driven by network expansion and deeper penetration across 34 GAs.

Q3 FY26Healthy CNG station additions expectedActive

Management expects continued healthy growth in CNG station count, with focus on CODO/DODO model expansion.

Revenue

Q2 FY25Calibrated CNG price increase expectedActive

Management plans to pass on some cost increases to consumers in a calibrated manner to balance volume growth and margins.

Q4 FY26FY27 Revenue Growth Similar to FY26Tracked

Management expects revenue growth in FY27 to be similar to the 18% growth achieved in FY26, with additional contribution from newer GAs.

Capex

Q2 FY25CapEx acceleration via $375M financingTracked

The company raised $375 million to accelerate network infrastructure development over the next 24 months.

Q3 FY25Capex of ₹900-1,000 crore for FY25Active

Management guided total capex for FY25 to be around ₹900-1,000 crore, including newer businesses.

Q4 FY25Capex of ~INR 900 crore in FY26Tracked

Capital expenditure for FY26 is expected to be similar to FY25, around INR 900 crore, focused on monetizing assets.

Q1 FY26CapEx of INR 900-1,000 crore for FY26Active

Management guided CapEx of INR 900-1,000 crore for the current fiscal year, primarily for network expansion.

Q1 FY26CapEx of INR 3,500-3,700 crore over three yearsTracked

Over the next three years, CapEx is planned at INR 3,500-3,700 crore, focused on 11th round GAs and CNG stations.

Margins

Q3 FY25EBITDA per SCM expected to remain in similar rangeActive

Management expects EBITDA per SCM to remain around ₹10-12, balancing volume growth and cost optimization.

Q4 FY26FY27 EBITDA Target of INR 1,500 CroreTracked

Interim CFO guided for EBITDA of around INR 1,500 crore for FY27, implying ~22% growth over FY26 EBITDA of INR 1,225 crore.

Other

Q2 FY26Pass-through of Gujarat VAT benefit to consumersActive

The 13% cost benefit from VAT-to-CST realignment will be passed on to CNG and PNG consumers to improve affordability.