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ATGL registers strong Q4 and FY26 with robust infrastructure expansion, EBITDA and ESG Leadership

By IndianMandarins- 28 Apr 2026
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Ahmedabad (28.04.2026): Adani Total Gas Limited (ATGL) continues its mission of transforming India's energy landscape through extensive infrastructure development. ATGL announced its operational, infrastructural and financial performance on April 27, 2026 for the fourth quarter and financial year ended March 31, 2026.

“With resilient execution, underpinned by operational excellence and digital enablement, ATGL delivered strong double digit growth in volumes and revenues, supported by steady EBITDA expansion. Despite geopolitical disruptions from West Asia, elevated LNG prices, and currency volatility, our nimble and diversified sourcing strategy ensured uninterrupted gas supply. ATGL’s focus remained on system stability, calibrated expansion with financial prudence, and longterm sustainability, strengthening consumer confidence and ensuring operational excellence. We continued to scale our clean energy infrastructure across CNG, PNG, and e mobility, with EV charge points crossed the 5,100 mark. During the period, we strengthened our ESG performance through improved sustainability ratings, reinforcing ATGL’s position among leading ESG performers in its peer group.

“Aligned with India’s vision to raise natural gas to 15% of the energy mix by 2030, ATGL is well positioned to support the country’s transition to a gasbased and cleaner energy economy,” said  Suresh P Manglani, CEO & ED, ATGL

Operations Commentary – Q4FY26

  • CNG Volume increased by 17% Y-o-Y on account of CNG network expansion across multiple Geographical Areas (GAs)
  • ~11 lakhs homes are now connected with Piped Natural gas 
  • With addition of new PNG connections, PNG Volume has increased by 5% Y-o-Y
  • Overall volume has increased by 13% Y-o-Y

 Results Commentary Q4 FY26

  • Revenue from operations rose by 16% on account of higher volume
  •  With lower allocation of APM gas to CNG segment, higher HH prices, higher spot prices due to geopolitical tension, the cost of Natural gas rose by 18%.
  • During the quarter, APM allocation for CNG segment reduced to ~36% from 41% from last quarter, the balance was met with existing contracts and Spot procurement.
  • ATGL took a calibrated approach in passing the higher gas cost to ensure volume growth does not get impacted.
  • EBITDA increased by 13% Y-o-Y to Rs 310 cr.  
  • PBT and PAT increased by 8% and 4% to Rs 214 cr and Rs 156 cr respectively.

 Key ESG Highlights

  • CareEdge ESG scored ATGL at 83.3 out of 100; Score places ATGL among the best performing companies within its peer group
  • NSE Sustainability ratings and Analytics scored ATGL at 73 increased from 67 earlier.

 Awards and Accolades

  • OHSSAI India Recognition: ATGL’s HSE team was felicited by OHSSAI India for outstanding excellence in Health, Safety, Environment (HSE) and ESG performance.
  • Innovation in EHS & Fire Security by IBC: ATGL was conferred the Agni Suraksha Puraskar by the International Business Conference in recognition of its innovative EHS practices and successful implementation of highimpact fire and safety initiatives.
  • National Process Safety Honours 2026: ATGL was awarded ‘Excellence in City Gas Distribution’ for consistently demonstrating leadership in process safety, industrial integrity, and safety performance within the private sector.

 Operational Highlights Q4FY26 (Standalone):

  • Combined CNG and PNG volume of 297 MMSCM, 13% increase Y-o-Y
  • Increased CNG stations to 705 by adding 25 new stations
  • Expanded PNG home connections to 10.99 lakh, by adding 49,504 new households 
  • Increased Industrial & Commercial connections to 9965 with 214 new customers added
  • Completed cumulative ~ 15,572 Inch Km of Steel Pipeline network
Pan India Footprint –Q4FY26 (With JV namely IOAGPL):

  • Combined CNG and PNG volume of 433 MMSCM, 15% increase Y-o-Y
  • Combined network of 1,169 CNG Stations, with 49 new stations added
  • PNG home connections crossed 13.1 lakh, touching over 5 million lives daily. 
  • Grew Industrial & Commercial connections to 11,529 by adding 429 new consumers
  • Completed cumulative 28,005 Inch Km of Steel Pipeline network

 Key Business updates

  • Escalation of geopolitical tensions in West Asia since late Feb’26 disrupted energy supply chains across the globe and led to market volatility. This resulted in higher natural gas prices; supply chain challenges compounded with currency volatility which led to increase in overall gas procurement cost during the quarter. Despite these headwinds, ATGL ensured uninterrupted gas supply across all operating geographical areas and continued to deliver growth in volumes, revenues, and EBITDA.
  • The Government of India took several prompt steps to ensure continuity of PNG and CNG supply to end consumers; like issuing Gazette Notifications for priority gas allocation to D-PNG and CNG consumers, defining approval timelines, uniform right-of-ways and pipeline norms, and encouraging PNG adoption where PNG network has been laid. These initiatives were well reciprocated by the State Governments.
  • Additionally, PNGRB supported the segment further by keeping the Zone-1 tariff unchanged at Rs 54 / MMbtu, which is applicable to priority segments of PNG (D) and CNG(T).

Adani TotalEnergies E-mobility Limited (ATEL) 

  • ATEL has now expanded its footprint to 5,100 installed EV Charge Points across 26 states/UTs and 226 cities
  • Installed capacity increases to ~54 MW

 Adani TotalEnergies Biomass Limited (ATBL) 

  • A total of 1654 MT of CBG was sold in FY26, including 888 tons from our CBG DODO station.
  • In FY26, Fermented Organic Manure (FOM) sales crossed 1,500+ Tons; with Q4 sale is 50% higher than the combined sale of all three quarters.

 Financial Highlights Q4FY26 (ATGL Standalone) Y-o-Y:

  • Revenue increased by 16%, reaching Rs 1,696 Cr
  • Registered EBITDA growth of 13%, to Rs 310 Cr
  • PAT for the quarter increased to Rs 156 Cr, clocked 4% growth

Consolidated Q4FY26 PAT

  • Consolidated PAT increased by 9%, reaching Rs 168 Cr

Financial Highlights FY26 (Standalone) Y-o-Y:

  • Revenue increased by 18%, reaching Rs 6415 Cr
  • EBITDA rose by 5% to Rs 1225 Cr
  • PAT stood at Rs 637 Cr

Consolidated FY26 PAT

  • Consolidated PAT stands at Rs 656 Cr

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