Q4 2026 Adani Total Gas Ltd Earnings Call Transcript
Key Points
- Adani Total Gas Ltd (BOM:542066) reported a 17% year-on-year growth in CNG volumes for Q4 FY26 and 18% for the full fiscal year, indicating strong demand and market penetration.
- The company added nearly 50,000 new domestic PNG connections in Q4, marking its highest addition ever, and a total of 137,000 new customers for the fiscal year.
- Adani Total Gas Ltd expanded its network by adding 25 new stations during the quarter, bringing the total to 705 stations, enhancing its distribution capabilities.
- The company's e-mobility business is scaling rapidly, with 5,100 EV charge points across 36 states and union territories, supporting its goal of 10,000 charge points in the near term.
- Financial performance was robust, with total revenue for Q4 rising by 16% to INR1,696 crore and fiscal year revenue increasing by 18% to INR6,415 crore, driven by volume growth.
- Geopolitical tensions in West Asia have disrupted global energy markets, leading to higher natural gas prices and supply chain challenges.
- Profit before tax for the fiscal year was marginally lower by 1% to INR863 crore, indicating pressure on profitability despite revenue growth.
- The company faces challenges in balancing aggressive infrastructure expansion with maintaining return ratios like ROCE.
- There is a reliance on government policies and support for gas supply, which may impact pricing flexibility and demand if not sustained.
- The gas sourcing mix includes a significant portion (16%) from spot market purchases, which can be volatile and impact cost management.
Ladies and gentlemen, good day, and welcome to Adani Total Gas Limited Q4 FY26 earnings conference call. From Adani Total Gas, we are joined on the call by Mr. Suresh P. Manglani, Executive Director and CEO; Mr. Preyash Jhaveri, Interim Chief Financial Officer; and Mr. Ravindra Desai, Head of Gas Sourcing and Business Development.
(Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Suresh P. Manglani, Executive Director and Chief Executive Officer of Adani Total Gas Limited. Thank you, and over to Mr. Manglani.
Thank you. Good morning, everyone. Let me extend a hearty welcome to all our investors, analysts and funds for taking out their time and participating in today's call in quarter four and financial year '25-'26 result of Adani Total Gas Limited.
I would like to begin with sharing the update on our business given the ongoing geopolitical situation. Since late February, geopolitical tensions in
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