Adani Total Gas Q2 Volume Up 12%, EBITDA Rises 12%

Combined CNG and PNG volume reached 315 MMSCM, a 12% increase Year-over-Year (YoY).
CNG sales volume was 223 MMSCM, up 17% YoY.
PNG sales volume was 92 MMSCM, up 3% YoY.
Increased CNG stations to 723 by adding 16 new stations during the quarter.
Expanded PNG home connections to 1,180,682 (11.81 lakh) by adding 39,574 new households.
Increased Industrial & Commercial (I&C) connections to 10,864 (7,669 Commercial + 3,195 Industrial) with 442 new customers added.
Expanded Steel Pipeline Network by 318 Inch-Km, reaching a cumulative 16,305 Inch-Km.

Combined CNG and PNG volume reached 618 MMSCM, a 13% increase YoY.
CNG sales volume was 441 MMSCM, up 17% YoY.
PNG sales volume was 177 MMSCM, up 4% YoY.
Added 21 new CNG stations in H1.
Added 77,817 new PNG home connections in H1.
Added 784 new Commercial PNG connections and 106 new Industrial PNG connections in H1.
Expanded Steel Pipeline Network by 732 Inch-Km in H1.

Combined CNG and PNG volume of 529 MMSCM; up by 18% YoY.
Combined network of 1,185 CNG Stations, with 18 new stations added.
PNG home connections crossed 1,431,000 (14.31 lakh).
Industrial & Commercial connections grew to 12,925, with approximately 600 new customers added.
Completed cumulative 29,156 Inch Km of Steel Pipeline network.

Revenue from Operations: ₹2,102 Cr, up 34% YoY (from ₹1,569 Cr in Q2FY26).
EBITDA: ₹340 Cr, up 12% YoY (from ₹302 Cr in Q2FY26).
Profit Before Tax (PBT): ₹235 Cr, up 8% YoY (from ₹217 Cr in Q2FY26).
Profit After Tax (PAT): ₹167 Cr, up 3% YoY (from ₹162 Cr in Q2FY26).
Cash Profit: ₹254 Cr, up 8% YoY (from ₹235 Cr in Q2FY26).
Cost of goods sold: ₹1,599 Cr, up 43% YoY (from ₹1,120 Cr in Q2FY26).

Revenue from Operations: ₹3,999 Cr, up 31% YoY (from ₹3,060 Cr in H1FY26).
EBITDA: ₹621 Cr, up 3% YoY (from ₹603 Cr in H1FY26).
Profit Before Tax (PBT): ₹414 Cr, down -5% YoY (from ₹436 Cr in H1FY26).
Profit After Tax (PAT): ₹300 Cr, down -7% YoY (from ₹324 Cr in H1FY26).
Cash Profit: ₹458 Cr, down -1% YoY (from ₹462 Cr in H1FY26).

The operating environment was challenging due to the continuation of the West Asia crisis, elevated Brent and spot gas prices, and currency depreciation.
A reduction in APM (Administered Pricing Mechanism) allocation occurred.
The Government withdrew temporary pooled gas support effective July 5, 2026, and introduced a revised HPHT (High Pressure High Temperature) allocation framework.
APM allocation for the CNG segment averaged around 25% in Q2FY27, with the shortfall addressed through HPHT gas, NWG (New Wells Gas), long-term and short-term contracts, and market purchases.
The company leveraged a diversified sourcing portfolio to manage supply risks and maintain operational reliability.

Adani TotalEnergies E-mobility Limited (ATEL):

Expanded footprint to 5,513 installed EV Charge Points across 26 states/UTs and 225 cities.
Installed capacity increased to ~63 MW.
4,809 charge points are operational.

Adani TotalEnergies Biomass Limited (ATBL):

Sold a total of 460 MT of CBG (Compressed Biogas) in H1FY27.
195 tonnes were sold through dedicated CBG stations, and the balance was sold to third parties.
Organic manure sales recorded 6,865+ tonnes in H1FY27, including 1,757+ tonnes under the 'Harit Amrit' brand.
The 'Harit Amrit' brand continued regional expansion with brand-awareness sessions for farmers.

NSE Sustainability score increased to 75 (out of 100).
Stakeholders Empowerment Services (SES) score improved to 75 (from 73).
Key initiatives included decarbonization of fleets (655+ HCV fleets on low carbon fuel), solarization (1 MW capacity, 10 MW ongoing), and tree plantation (10,000 trees planted).
The company reported 0 LTIFR (Lost Time Injury Frequency Rate) and a TRIFR (Total Recordable Injury Frequency Rate) of 0.3196, with 13,374 safety training hours.

Credit Rating: AA+ (Stable) for Long Term Bank Facilities from ICRA, CRISIL, and CARE. A1+ for Short Term Facilities.
S&P DJSI Score: Increased to 72 from 62, ranked 9th and highest in India in the gas utility sector.
Carbon Disclosure Project Rating: Increased to 'A' (Highest category) from 'B'.
CRISIL ESG Rating: 'Crisil ESG 66' - Strong (from 'Crisil ESG 61' - Adequate).
CareEdge ESG Rating: Scored 84, best among peers.

Adani Total Gas Limited (ATGL) is authorized to operate in 34 Geographical Areas (GAs).
It holds a 50:50 joint venture with Indian Oil Corporation Limited named Indian Oil-Adani Gas Private Limited (IOAGPL) for 19 GAs.
It has two wholly owned subsidiaries: Adani TotalEnergies E-Mobility Ltd (ATEL) and Adani TotalEnergies Biomass Ltd (ATBL).
It has a 50:50 joint venture, Smart Meter Technologies Private Limited, for its gas meter manufacturing business.

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