Adani Total Gas Limited (ATGL) posted a 27 per cent year-on-year rise in standalone revenue to ₹1,910 crore for the first quarter of FY27, the company announced on Tuesday, 21 July. The Ahmedabad-headquartered city gas distributor reported an EBITDA of ₹281 crore and a profit after tax (PAT) of ₹133 crore for the same period.

Volume Growth Drives Performance

ATGL's combined standalone CNG and PNG sales volumes rose 13 per cent year-on-year to 303 million metric standard cubic metres (MMSCM) during the quarter. The company attributed the growth to strong operational execution and a sustained shift in consumer preference toward cleaner fuels.

Sanjay Pandita, CEO of ATGL, said the company 'delivered robust growth in volumes up by 13 per cent YoY and revenue up by 27 per cent during Q1 FY27, driven by strong operational performance, and increasing consumer preference for cleaner fuels.'

Headwinds from Global Energy Markets

Pandita acknowledged a challenging operating backdrop, noting that 'elevated gas prices, higher Brent crude prices, compounded by currency volatility, and geopolitical developments' had negatively impacted global energy supplies. He added that despite these pressures on the city gas distribution (CGD) industry's sourcing strategy, ATGL's focus remained on 'ensuring supply continuity, enhancing operational efficiency, safeguarding CNG and PNG consumers from undue risks and creating long-term value for customers and stakeholders.'

Network Expansion Continues

ATGL added five new CNG stations during the quarter, taking its standalone total to 707 stations. The company also connected 38,243 new PNG households, bringing the cumulative standalone PNG household base to 11.41 lakh. Its industrial and commercial customer base grew by 448 consumers to reach 10,422, while the standalone steel pipeline network expanded to nearly 15,987 inch-km.

Combined Network Including JV Footprint

Including joint venture IndianOil-Adani Gas Pvt Ltd (IOAGPL), ATGL's pan-India combined CNG and PNG volumes rose 13 per cent year-on-year to 496 MMSCM. The combined network grew to 1,167 CNG stations after six new outlets were added. Combined PNG household connections crossed 13.75 lakh, serving more than six million people daily. The combined industrial and commercial customer base reached 12,326, with 788 new consumers added, and the cumulative steel pipeline network stood at 28,675 inch-km.

What to Watch

With global gas prices remaining elevated and currency headwinds persisting, ATGL's ability to sustain margin expansion while absorbing sourcing costs will be closely tracked in the quarters ahead. The company's continued network rollout signals confidence in long-term demand for piped and compressed natural gas across India's growing urban and peri-urban markets.