Q1 2027 Adani Total Gas Ltd Earnings Call Transcript
Key Points
- Adani Total Gas Ltd (BOM:542066) reported a robust 13% year-on-year growth in gas sales volume, driven by an 18% increase in the CNG segment and a 4% increase in the PNG segment.
- The company expanded its steel pipeline network to 15,987 inch kilometers, enhancing its distribution capabilities.
- Adani Total Gas Ltd (BOM:542066) added 38,000 new household connections, increasing its total customer base to 11.41 lakh households.
- The company expanded its CNG network by adding five new stations, bringing the total to 707 CNG stations.
- The e-mobility business saw significant growth, with the EV charging network expanding to 5,306 charging points and a 100% year-on-year increase in electrons sold.
- Operating margins have compressed from around 25% to 15% over the last six to eight quarters, despite consistent double-digit revenue growth.
- The margin compression is primarily due to increased gas sourcing costs and reduced APM allocation.
- Spot purchases account for 15% of total consumption, impacting current margins.
- The geopolitical crisis in the Middle East has led to elevated Brent-linked gas contract prices, affecting overall gas costs.
- There are challenges in obtaining permissions for pipeline laying in certain areas, which could impact future growth.
Ladies and gentlemen, good day, and welcome to the Adani Total Gas Limited Q1 FY27 Earnings Conference Call.
(Operator Instructions)
Please note that this conference is being recorded. From Adani Total Gas, we are joined on the call by Mr. Sanjay Pandita, CEO; Mr. Preyash Jhaveri, Interim Chief Financial Officer; Mr. Ravindra Desai, Head of Gas Sourcing and Business Development. I will now hand the conference over to Mr. Sanjay Pandita, Chief Executive Officer of Adani Total Gas Limited for opening remarks. Thank you, and over to you, sir.
Thank you so much, and good morning to all our investors, analysts, and representatives. A warm welcome to all of you. Good today to join and discuss the results of Adani Total Gas for the quarter ended June 30, 2026. Let me take this opportunity to briefly share the current business operating environment. During the first quarter, geopolitical issues in West Asia continued to influence local energy markets, leading to elevated Brent-linked gas
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