Adani Total Gas reports mixed Q4: profit up, but EBITDA margin contracts

Adani Total Gas Limited reported a 6.1% quarter-on-quarter (QoQ) increase in net profit at ₹168.3 crore for the fourth quarter, compared with ₹158.7 crore in the previous quarter.

Revenue for the quarter grew 3.4% QoQ to ₹1,694.6 crore, up from ₹1,639.2 crore, reflecting steady operational performance during the period.

However, earnings before interest, tax, depreciation and amortisation (EBITDA) declined 1.4% QoQ to ₹301 crore, compared with ₹305 crore in the preceding quarter. The contraction in operating performance also led to a decline in margins.

EBITDA margin came in at 19.3%, down from 20.2% in the previous quarter, indicating some pressure on profitability despite higher revenue and net profit growth.

The company’s quarterly performance highlights a mixed trend, with growth in top line and bottom line, but moderation in operating profitability and margins on a sequential basis.

Q3 performance

Adani Total Gas Limited reported a 3.9% QoQ increase in consolidated revenue for Q3 FY 2025–26, with YoY growth at 16.5%, reflecting strong expansion in operations. Expenses rose 4.9% QoQ and 17.6% YoY during the quarter. Net profit declined 3.0% sequentially but registered an 11.4% increase on a YoY basis, indicating mixed profitability trends. Earnings per share (EPS) stood at ₹1.44 for the quarter ended December.

Also read: Adani Total Gas shares hit 20% upper circuit; Co flags gas curbs due to West Asia war

Shares of the company ended higher on the NSE, closing at ₹635.60, up ₹8.75 or 1.40%.