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Revenue
₹1,557 Cr
verified against source
Revenue YoY
16%
reported change
EBITDA
₹310 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
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.
Colored figures show movement against the previous available record.
Guidance to track
- Management expects revenue growth in FY27 to be similar to or slightly higher than the 18% growth achieved in FY26.
- Management guided for EBITDA in the range of INR 1,500 Cr for FY27, implying continued margin discipline.
- The company remains on track to install 10,000 EV charging points in the near term, up from 5,100 currently.
Risks flagged
- West Asia tensions have led to higher natural gas prices and supply chain challenges, which could impact margins if not managed.
- Industrial and commercial volumes saw slight degrowth as higher gas prices affected demand; sustained high prices could further impact this segment.
- The company relies on government pool gas pricing and allocation; any change in policy could affect cost structure.
Key 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.
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