Adani Total Gas Limited (ATGL) Q4 25/26 earnings summary

Executive summary

• Navigated geopolitical disruptions in West Asia with strong execution, ensuring uninterrupted supply and system stability for PNG and CNG consumers.

• Revenue grew 18% year-over-year to ₹6,415 Cr in FY26, driven by higher CNG volumes and network expansion.

• Achieved robust operational performance with significant expansion in CNG and PNG networks, customer additions, and infrastructure.

• Audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, were approved by the Board and received unmodified audit opinions.

• Maintained stakeholder confidence through transparent communication and a digital-first approach.

Financial highlights

• FY26 consolidated revenue from operations was ₹6,408.53 crore, up from ₹5,411.68 crore year-over-year.

• FY26 standalone revenue reached ₹6,415 crore, with Q4 revenue at ₹1,696 crore, both up 18% and 16% YoY respectively.

• FY26 EBITDA rose 5% YoY to ₹1,225 crore; Q4 EBITDA up 13% to ₹310 crore.

• FY26 PAT was ₹637 crore, slightly down from ₹648 crore in FY25; Q4 PAT grew 4% to ₹156 crore.

• A final dividend of ₹0.25 per equity share for FY 2025-26 is recommended, subject to shareholder approval.

Outlook and guidance

• Expecting similar revenue growth in FY27 as achieved in FY26, with potential upside from newer geographical areas.

• EBITDA guidance for FY27 is around INR 1,500 crore.

• Focus on expanding CNG and PNG networks, continued infrastructure investment, and sustainable growth through e-mobility and biogas.

• Strategic shift to flexible gas sourcing and digital platforms to manage volatility and enhance customer experience.

• Dividend of ₹0.25 per share proposed for FY 2025-26, with record date set as June 12, 2026.