Adani Total Gas’ first-quarter profit drops 18% on high LNG costs amid West Asia crisis
Cost of procuring LNG increased 39% in the June-end quarter from the same period last year
Overall sales volume for Adani Total Gas increased 13% YoY, with compressed natural gas (CNG) sales expanding 18% and piped natural gas (PNG) by 4%. File | Photo Credit: Vijay Soneji
Adani Total Gas’ (ATGL) net profit fell 18% year-on-year (YoY) to ₹133 crore in the June-end quarter as costs of procuring liquefied natural gas (LNG) elevated due to the conflict in West Asia.
Although the cost of procuring natural gas increased 39% YoY to ₹1,454 crore, revenues of the privately-owned city gas distributor, a joint venture of Adani Group and TotalEnergies of France, rose 27% YoY to ₹1,910 crore.
“The first quarter of FY 2027 witnessed the impact of the West Asia crisis, with elevated crude prices driving higher Brent-linked gas costs across New Well Gas, RLNG (Regasified Liquefied Natural Gas), and spot LNG,” the company said.
Overall sales volume increased 13% YoY with compressed natural gas (CNG) sales expanding 18% and pipelined natural gas (PNG) by 4%.
ATGL CEO Sanjay Pandita said the operating environment remained dynamic, with elevated gas prices, higher Brent crude prices, compounded by currency volatility, and geopolitical developments negatively impacting global energy supplies.
Published - July 21, 2026 06:15 pm IST
Source: The Hindu — Business
