Adani Total Gas Q1 profit falls 14% as revenue rises 27%

Adani Total Gas reported Q1FY27 consolidated net profit of Rs 141 crore, down 14% year-on-year, while revenue from operations rose 27% to Rs 1,906 crore. Shares closed nearly 2% lower at Rs 700.40.

— Source publishedTue, 21 Jul, 2026, 16:23 IST·First seen Tue, 21 Jul, 2026, 16:26 IST·Source Financial Express · BrandWagon

What happened

Adani Total Gas reported Q1FY27 consolidated profit of Rs 141 crore, down 14% year-on-year, while revenue rose 27% to Rs 1,906 crore. The Adani Group company’s

Key facts

  • Q1FY27 consolidated net profit: Rs 141 crore, down 14% YoY from Rs 165 crore
  • Net profit down 16% QoQ from Rs 168 crore in Q4FY26
  • Q1FY27 revenue from operations: Rs 1,906 crore, up 27% YoY from Rs 1,498 crore
  • Revenue up 12% QoQ from Rs 1,694 crore
  • Total expenses: Rs 45 crore, down 21% YoY and 22% QoQ
  • NSE share price: Rs 700.40, down nearly 2%

Why this matters

The revenue expansion supports continued demand and network-growth potential, but weaker profitability should make Adani Total Gas selective about capital-intensive expansion and partnership opportunities.

What to watch

  • EBITDA margin and profit trend in the next two quarters
  • CNG and PNG volume growth versus reported revenue growth
  • Domestic gas allocation, spot LNG prices, and ability to pass gas-cost changes to customers
  • Number of new CNG stations, PNG connections, and capex guidance
  • Management commentary on margin normalization and FY27 earnings outlook
  • Regulatory changes affecting city-gas tariffs, gas allocation, or pricing flexibility
  • Management is likely to emphasize volume growth, CNG station additions, PNG connections, and geographic expansion to offset the earnings decline.
  • Investors may cut near-term profit estimates and focus more heavily on EBITDA margin, gas sourcing mix, and capex intensity.
  • The company may pursue selective price revisions and higher-margin customer mix to protect profitability, though competitive and regulatory limits could constrain this.
  • A weaker profit print could keep the stock range-bound until evidence emerges that revenue growth is converting into operating-profit growth.