Adani Total Gas Ltd (NSE:ATGL)

Q2 2026 Adani Total Gas Ltd Earnings Call Transcript

Oct 29, 2025 / 10:59 AM GMT

Release Date Price: ₹634.25 (+2.13%)

Transcript

Key Points

Positve

Adani Total Gas Ltd (BOM:542066) achieved a robust overall volume growth of 16% year-on-year, with CNG volume rising by 18% in Q2 FY26.
The company expanded its network by adding 12 new CNG stations, bringing the total to 662 stations, and surpassed a milestone of 1 million PNG home connections.
Revenue from operations increased by 19% in Q2 FY26, driven by overall volume growth.
The company received an upgraded credit rating of AA+ stable from three different credit rating agencies, reflecting its strong financial profile.
Adani Total Gas Ltd won three PNGRB awards for CGD development in areas of HSC sustainability and customer delight.

Negative

The allocation of cheaper APM gas has decreased, being replaced by more expensive new gas, impacting cost management.
There is uncertainty regarding the implementation of the PNGRB zonal tariff changes, which could affect cost structures.
The company's EBITDA margins have not grown in line with volume growth, indicating pressure on profitability.
The competitive positioning of natural gas as a fuel is under pressure due to stable petroleum alternative prices.
The company faces challenges in managing volume growth and margins due to the reduction in cheaper gas allocations.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ADAG.NS - Adani Total Gas Ltd
Q2 2026 Adani Total Gas Ltd Earnings Call
Oct 29, 2025 / NTS GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Ladies and gentlemen, good day and welcome to the Adani Total Gas Limited Q2 FY26 earnings conference call.

As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during this conference, please signal an operator by pressing and then 0 on your touchstone phone.

Please note that this conference is being recorded.

From Adani total gas we are joined on the call by Mr. Suresh P. Mangani, executive director and CEO, Mr. Priyash Javeri, head of finance, and Mr. Ravindra Desai, head of gas sourcing and Business Development.

I now hand the conference over to Mr. Suresh

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.