Adani Total Gas Limited — Investor Meet, 28-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Adani Total Gas reported strong Q1 FY27 operational growth. Gas sales volumes rose 13% YoY to 303 MMSCM, driven by CNG (+18%) & PNG (+4%). Revenue grew 27% YoY to ₹1,908 Cr, EBITDA ₹281 Cr. The company added 38,000 households, 5 new CNG stations, and expanded its EV charging network by 100% YoY. Operating margins faced compression due to elevated gas sourcing costs from Brent-linked contracts and reduced APM allocation, with 15% spot purchases. Management expects margin recovery post-Middle East crisis and is securing midterm gas contracts, confident in continued volume growth and integrated clean energy platform evolution.