Adani Total Gas Limited Earnings Summary — Q2 FY2027
Adani Total Gas Approves Q2 FY2027 Financial Results and Announces CEO Sanjay Pandita as Executive Director
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 10 consecutive quarters.
- Revenue of ₹1,944 Cr is 33.9% higher year-on-year.
- Revenue has compounded at 26.5% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit of ₹173 Cr is 6.0% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 0.4% annualised across the period.
- Operating margin stands at 16.9% in Q2 FY2027.
- Operating margin compressed by 350 bps year-on-year.
- Over the last two years operating margin has contracted by 824 bps.
- PBT margin is 12.4%.
- Expenses grew 39.8% against revenue growth of 33.9%.
- Operating profit of ₹328 Cr is 10.9% higher year-on-year.
- Operating leverage has been under pressure recently.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 69/100 (Healthy) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q2 FY2027 | Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 1,944 | 1,754 | 1,557 | 1,507 | 1,451 | 1,379 | 1,341 | 1,294 | 1,219 | 1,145 |
| Expenses | Improving | 1,616 | 1,483 | 1,256 | 1,202 | 1,156 | 1,085 | 1,075 | 1,030 | 913 | 851 |
| Operating Profit | Stable | 328 | 270 | 301 | 305 | 295 | 293 | 266 | 265 | 306 | 295 |
| Operating Margin | Softening | 16.9% | 15.4% | 19.3% | 20.2% | 20.4% | 21.3% | 19.9% | 20.4% | 25.1% | 25.7% |
| Other Income | Volatile | 22 | 23 | 24 | 12 | 12 | 12 | 14 | 8 | 16 | 9 |
| Interest | Improving | 36 | 39 | 35 | 41 | 26 | 28 | 24 | 27 | 23 | 26 |
| Depreciation | Improving | 72 | 67 | 63 | 62 | 62 | 56 | 53 | 53 | 51 | 46 |
| Profit Before Tax | Stable | 242 | 187 | 227 | 214 | 219 | 222 | 204 | 192 | 247 | 232 |
| Tax | Accelerating | 68 | 45 | 59 | 55 | 55 | 57 | 49 | 50 | 62 | 60 |
| Net Profit | Stable | 173 | 142 | 168 | 159 | 163 | 165 | 155 | 142 | 186 | 172 |
| Net Margin | Softening | 8.9% | 8.1% | 10.8% | 10.5% | 11.3% | 12.0% | 11.5% | 11.0% | 15.2% | 15.0% |
Key Takeaways
- The Board approved unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.
- Executive Director Suresh P. Manglani superannuates effective October 31, 2026, after steering the company's network expansion.
- Current Chief Executive Officer Sanjay Pandita has been appointed as Additional Director and Whole-time Director (designated Executive Director & CEO) for a three-year term effective November 1, 2026.
- Quantitative quarterly financial figures were unavailable in the regulatory disclosure text extraction.
- ATGL continues its long-term strategic pivot towards volume-led growth across city gas distribution, alongside adjacencies in CBG (biomass) and EV charging.
Management Guidance
Management remains committed to rapid infrastructure creation across its authorized Geographical Areas (GAs) and advancing India's clean energy agenda through investments in Compressed Biogas (CBG), LNG for transport, and EV charging solutions.
Sentiment Shift
Stable
A smooth leadership succession with CEO Sanjay Pandita elevated to the Board ensures operational and strategic continuity.
Outlook
The company expects sustained volume growth driven by rising city gas distribution penetration and industrial conversions, while actively managing input gas price volatility and high ongoing capex requirements.
From the Annual Report (Key Quotes)
“Approved and taken on record the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and half year ended September 30, 2026.”
“Approved, based on the recommendation of the Nomination and Remuneration Committee the appointment of Mr. Sanjay Pandita... as an Additional Director and Whole-time Director designated as Executive Director.”
Official Quarterly Documents
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This summary is AI-generated from Adani Total Gas Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.
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