Adani Total Gas' Q1 FY 2025-26 Quarterly Results

Result Summary

• Adani Total Gas Ltd reported a 17.3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 20.1%.
• Its expenses for the quarter were up by 22.1% QoQ and 26.9% YoY.
• The net profit decreased 1.6% QoQ and decreased 3.8% YoY.
• The earnings per share (EPS) of Adani Total Gas Ltd stood at 1.5 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Adani Total Gas Ltd is a prominent player in the energy sector, primarily involved in the distribution of natural gas. The company operates extensively in the city gas distribution (CGD) sector, providing piped natural gas (PNG) to industrial, commercial, and residential sectors, as well as compressed natural gas (CNG) for vehicles. This strategic position in the energy market allows Adani Total Gas to play a crucial role in the transition towards cleaner energy sources. As part of the broader Adani Group, one of India's largest conglomerates, the company benefits from robust infrastructure and resources. While specific recent developments are not detailed here, the company's ongoing projects often focus on expanding its CGD network and enhancing its service offerings.

Revenue

Adani Total Gas Ltd reported a total income of ₹1386.69 crores for Q1FY26, marking a quarter-over-quarter increase of 17.3% from ₹1181.97 crores in Q4FY25 and a year-over-year growth of 20.1% from ₹1154.51 crores in Q1FY25. This steady growth in revenue reflects the company's expanding operations and increased demand for its services. The consistent rise in total income over the quarters indicates the company's ability to capitalize on market opportunities and possibly expand its customer base. These figures underscore the company's robust revenue-generating capability within the energy distribution sector.

Profitability

In Q1FY26, Adani Total Gas Ltd reported a profit before tax of ₹218.08 crores, which represents a decrease of 3.1% QoQ from ₹225.05 crores in Q4FY25 and a decline of 6.5% YoY from ₹233.32 crores in Q1FY25. The profit after tax for Q1FY26 stood at ₹165.24 crores, decreasing by 1.6% QoQ from ₹167.96 crores in the previous quarter and by 3.8% YoY from ₹171.84 crores in the same quarter last year. The tax expense for the quarter was ₹57.05 crores, which shows a reduction of 6.9% QoQ and 4.7% YoY. Despite the decrease in profitability, the company maintains a stable earnings per share of ₹1.50, unchanged from the previous quarter but down by 6.3% from ₹1.60 in Q1FY25.

Operating Metrics

The company's total expenses for Q1FY26 were ₹1168.61 crores, reflecting a significant increase of 22.1% from ₹956.92 crores in Q4FY25 and a 26.9% rise from ₹921.19 crores in Q1FY25. This increase in expenses outpaced the growth in total income, contributing to the decline in profit figures. The substantial rise in expenses could be attributed to various operational factors such as increased cost of goods, expansion activities, or other operational investments. Despite these higher costs, Adani Total Gas Ltd continues to maintain a strong presence in the energy distribution market, as evidenced by its total income growth. The company's ability to manage these expenses while expanding its operations will be crucial for sustaining its financial health.