Adani Total Gas shares surged nearly 8% on Tuesday following the company's robust financial results for the January-March quarter of FY26. According to reports from The Economic Times, the company reported a 9% year-on-year surge in net profit to ₹154 crore for Q4 FY26, while revenue from operations grew 17% YoY to ₹1,695 crore. On a standalone basis, PAT grew 4% to ₹156 crore versus ₹149 crore in the year ago period, with standalone revenue reaching ₹1,696 crore, marking a 16% growth over ₹1,457 crore reported in Q4 FY25. The company also demonstrated sequential growth momentum with 6% quarter-on-quarter PAT increase from ₹159 crore in Q3 FY26, while topline expanded 3.4% QoQ from ₹1,639 crore in the October-December quarter.
The company's EBITDA rose 13% to ₹310 crore in Q4 FY26, compared to ₹274 crore in Q4 FY25, as reported by The Economic Times. The revenue growth was attributed to higher volumes, with the company taking a calibrated approach in passing the higher gas cost to ensure volume growth is not impacted. The cost of natural gas increased 18% YoY to ₹1,199 crore in the quarter under review versus ₹1,015 crore in the year ago period, driven by lower allocation of APM gas to CNG segment, higher HH prices, and higher spot prices due to geopolitical tension. During the quarter, APM allocation for the CNG segment reduced to 36% from 41% from the last quarter, with the balance met through existing contracts and spot procurement.
Along with the Q4 results, Adani Total Gas announced a dividend of ₹0.25 per share for its shareholders, with June 12 fixed as the record date to determine eligibility for dividend receipt. According to The Economic Times, if approved at the upcoming AGM, the dividend will be paid to shareholders on or after June 26. The stock jumped nearly 8% to trade at ₹684.90 apiece on NSE, reaching the highest level seen by the stock in seven months, though it later erased some gains and was trading around 4% higher at ₹659 apiece as of 10 am.
CEO and Executive Director Suresh P. Manglani highlighted the company's strong performance, stating that ATGL delivered double-digit growth in volumes and revenues, supported by steady EBITDA expansion aided by "resilient execution, underpinned by operational excellence and digital enablement," as reported by The Economic Times. The company maintained its focus on system stability and calibrated expansion with financial prudence, while continuing to scale clean energy infrastructure across CNG, PNG, and e-mobility, with EV charge points crossing the 5,100 mark. The company strengthened its ESG performance through improved sustainability ratings, reinforcing its position among leading ESG performers in its peer group.
The shares of Adani Total Gas have shown strong momentum with jumps of around 8% in one week and 25% in one month, according to The Economic Times. However, in the longer term, the stock has declined around 30% in three years and nearly 43% in five years. The company currently has a market capitalization of around ₹72,637 crore. Despite geopolitical disruptions from West Asia, elevated LNG prices, and currency volatility, the company's nimble and diversified sourcing strategy ensured uninterrupted gas supply, supporting the positive market response to the quarterly results.
