Adani Total Gas Limited (ATGL) Earnings Call Transcripts

Adani Total Gas Limited's Latest Earnings Call - Q4 FY2026

In Q4 FY '26, Adani Total Gas Limited (ATGL) reported a revenue increase of 16% year-over-year to INR 1,696 crores, while fiscal year revenue rose by 18% to INR 6,415 crores. The company's EBITDA for Q4 grew by 13% to INR 310 crores, although fiscal year EBITDA saw a modest increase of 5% to INR 1,225 crores. Management maintained guidance for FY '27, expecting similar revenue growth and targeting an EBITDA of around INR 1,500 crores, indicating confidence in sustained operational momentum despite geopolitical challenges.

Reported metrics

Guidance from management

Management expects revenue growth in FY '27 to be similar to FY '26, targeting an EBITDA of around INR 1,500 crores, indicating confidence in operational momentum.

What management said

See, one other thing is that I was expecting this question only from you because this is a bit of a penetrating question that you can understand when you follow the sector that when they give last 6-month average, there will be incremental growth. So certainly, I think government supplied full 6-month average gas supply. And we have the additional portfolio available to us. Ravindra, you would like to add something?

Yes. So after that 6 months average, definitely, there was some shortfall to cater to this priority sector. And government made an arrangement to supply these additional volumes, which were higher than the 6-month average. So that was available and allocated later.

What analysts pressed on

Analysts expressed concerns regarding the impact of geopolitical tensions on gas pricing and supply. There were inquiries about the company's ability to pass through higher gas costs to consumers without affecting demand, indicating a cautious outlook on pricing flexibility.

Main topics on the call

• Strong Volume Growth — CNG volumes grew by 17% year-on-year in Q4 and 18% for the fiscal year, while PNG volumes increased by 5% in Q4 and 6% for the year. Management noted, 'Guided by financial prudence and long-term sustainability, our teams...
• Customer Expansion — ATGL added nearly 50,000 new domestic PNG connections in Q4, the highest addition ever, bringing the total to 1.1 million. This expansion reflects the company's commitment to increasing its market presence.
• Geopolitical Impact on Operations — Management acknowledged that geopolitical tensions have disrupted global energy markets, resulting in higher natural gas prices and supply chain challenges. They stated, 'Recognizing this, government took several proacti...
• Sourcing Strategy — 85% of gas volumes are sourced from APM allocations and HPHT, with 16% procured on a spot basis. This diversified sourcing strategy is crucial during market volatility, as highlighted by management's focus on maintaining...

Read the full Adani Total Gas Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 17 Adani Total Gas Limited earnings call transcripts on record, spanning May 5, 2022 to July 22, 2026. Based on this history, Adani Total Gas Limited reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

ATGL

Exchange

NSEI

Country

IN

Sector

Utilities

Industry

Gas Utilities

Calls on record

17

First call

May 5, 2022

Most recent

July 22, 2026

Reporting cadence

quarterly