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Adani Total Gas Limited Q2 FY26 earnings call summary

NSE: ATGL · BSE: 542066

Earnings call of 29 Oct 2025, summarised by AI from the filing.

Gujarat VAT to CST realignment gives 13% net benefit, to be passed through.

Key takeaways

  1. Change Gujarat VAT to CST realignment gives 13% net benefit, to be passed through.
  2. Driver Network expansion and deeper market penetration drove volume growth.
  3. Risk Reduction in APM and new well gas allocation increases sourcing cost.

Original filing on BSE

Adani Total Gas Limited Q1 FY27 results

As filed: Revenue ₹1,907 cr (+27% year on year), EBITDA ₹270 cr (−8% year on year), PAT ₹142 cr (−14% year on year), EBITDA margin 14.2% (−546 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹1,695 cr (+17% year on year), EBITDA ₹301 cr (+13% year on year), PAT ₹168 cr (+9% year on year), EBITDA margin 17.8% (−55 bps). Score 57 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin fell 55 bps year on year. Share price after the results: +27.2% in 30 days (Nifty 500: +0.6%).
  • Q3 FY26: Revenue ₹1,639 cr (+17% year on year), EBITDA ₹305 cr (+16% year on year), PAT ₹159 cr (+12% year on year), EBITDA margin 18.6% (−23 bps). Score 61 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were in line with it. EBITDA margin fell 23 bps year on year. Revenue rose ₹238 cr on a year ago, more than the ₹157 cr it added the year before. Share price after the results: −3.6% in 29 days (Nifty 500: +1.7%).
  • Q2 FY26: Revenue ₹1,576 cr (+20% year on year), EBITDA ₹295 cr (−3% year on year), PAT ₹163 cr (−12% year on year), EBITDA margin 18.7% (−442 bps). Score 50 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 442 bps year on year. Revenue rose ₹258 cr on a year ago, more than the ₹139 cr it added the year before. Share price after the results: −2.8% in 30 days (Nifty 500: +0.6%).
  • Q1 FY26: Revenue ₹1,498 cr (+21% year on year), EBITDA ₹294 cr (−1% year on year), PAT ₹165 cr (−4% year on year), EBITDA margin 19.6% (−426 bps). Score 53 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 426 bps year on year. Share price after the results: +1.6% in 29 days (Nifty 500: −0.3%).
  • Q4 FY25: Revenue ₹1,453 cr (+16% year on year), EBITDA ₹266 cr (−8% year on year), PAT ₹155 cr (−8% year on year), EBITDA margin 18.3% (−459 bps). Score 44 of 100, In line with trend. Revenue growth was well above the company's own trend; EBITDA growth was well below it; profit growth was below it. EBITDA margin fell 459 bps year on year. Share price after the results: +9.1% in 30 days (Nifty 500: +3.1%).
  • Q3 FY25: Revenue ₹1,401 cr (+13% year on year), EBITDA ₹264 cr (−8% year on year), PAT ₹142 cr (−20% year on year), EBITDA margin 18.8% (−431 bps). Score 34 of 100, Below trend. Revenue growth was above the company's own trend; EBITDA and profit growth were well below it. EBITDA margin fell 431 bps year on year. Profit fell 24% from last quarter.
  • Q2 FY25: Revenue ₹1,318 cr (+12% year on year), EBITDA ₹305 cr (+9% year on year), PAT ₹186 cr (+8% year on year), EBITDA margin 23.1% (−61 bps). Score 46 of 100, In line with trend. EBITDA margin fell 61 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Adani Total Gas Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.