1 hour ago
Adani Total Gas Ltd on Thursday (October 22) reported a 3.2% year-on-year increase in net profit to ₹167 crore for the second quarter, compared with ₹162 crore in the same period last year. Revenue from operations rose 34.1% year-on-year to ₹1,936 crore from ₹1,444 crore.
Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 11% to ₹326 crore from ₹293 crore in the year-ago period. However, the EBITDA margin contracted to 16.8% in the September quarter from 20.3% in the corresponding quarter last year.
Adani Total Gas Ltd's combined compressed natural gas (CNG) and piped natural gas (PNG) volume increased 12% year-on-year to 315 million standard cubic metres (MMSCM) in Q2 FY27 on a standalone basis. The company expanded its CNG network to 723 stations, adding 16 new stations during the quarter.
PNG home connections increased to 11.81 lakh after the addition of 39,574 households, while industrial and commercial connections rose to 10,864, with 442 new customers added. The company also expanded its steel pipeline network by 318 inch-kilometres, taking the cumulative network to 16,305 inch-kilometres.
Including its joint venture, IndianOil-Adani Gas Private Ltd (IOAGPL), Adani Total Gas recorded combined CNG and PNG volume of 529 MMSCM in Q2 FY27, an 18% year-on-year increase. Its combined CNG network expanded to 1,185 stations, with 18 new stations added.
PNG home connections crossed 14.31 lakh, reaching more than 6 million people daily, while industrial and commercial connections increased to 12,925, with around 600 new customers added. The combined steel pipeline network reached 29,156 inch-kilometres.
CNG volume grew 17% year-on-year in both Q2 FY27 and H1 FY27, supported by network expansion and higher throughput across multiple geographical areas. PNG volume increased 3% year-on-year in Q2 FY27 and 4% in H1 FY27, supported by domestic and commercial demand. Overall volume rose 12% year-on-year in Q2 FY27 and 13% in H1 FY27. The company said around 11.81 lakh homes are now connected to its piped natural gas network.
Adani TotalEnergies E-mobility Ltd. (ATEL) expanded its footprint to 5,513 installed electric vehicle (EV) charge points across 26 states and Union Territories and 225 cities. Its installed capacity increased to around 63 megawatts (MW), with 4,809 charge points operational.
Adani TotalEnergies Biomass Ltd. (ATBL) sold a total of 460 metric tonnes (MT) of compressed biogas (CBG) in H1 FY27, including 195 tonnes through dedicated CBG stations and the remaining volume to third parties. Sales of organic manure exceeded 6,865 tonnes during the first half of FY27, including more than 1,757 tonnes sold under the Harit Amrit brand.
“ATGL delivered a strong performance in Q2FY27, with volumes growing 12% and revenue rising 34% year-on-year, supported by sustained CNG demand, deeper PNG penetration and disciplined network expansion. This momentum enabled ATGL to achieve strong double-digit EBITDA growth of 12% YoY.
This performance was achieved despite a challenging operating environment marked by the continuation of the West Asia crisis, elevated Brent and spot gas prices, currency depreciation and a reduction in APM allocation. Our diversified sourcing portfolio, mix of long-term contracts and flexible market purchases along with calibrated price mechanism, helped manage cost pressures, maintained supply reliability, and sustained customer demand.
We remain focused on disciplined capital allocation, volume growth, operational excellence combined with digital enablement across CNG, PNG, e-mobility and biomass segments to create long-term value for customers and stakeholders," Sanjay Pandita, CEO of ATGL.
