Adani Total Gas Q1 Profit Drops 18% on High LNG Costs Amid West Asia Crisis

Adani Total Gas (ATGL) reported an 18% year-on-year decline in net profit to ₹133 crore for the quarter ending June 2026, driven by a 39% surge in LNG procurement costs to ₹1,454 crore due to the ongoing West Asia crisis. Despite the profit drop, revenue rose 27% to ₹1,910 crore, supported by a 13% increase in overall sales volume. Compressed natural gas (CNG) sales grew 18% and pipelined natural gas (PNG) sales rose 4%. ATGL CEO Sanjay Pandita attributed the challenging operating environment to elevated gas prices, higher Brent crude prices, currency volatility, and geopolitical disruptions affecting global energy supplies. The company is a joint venture between India's Adani Group and France's TotalEnergies.

First published Aug 4, 01:54 PM UTCUpdated Jul 21, 12:45 PM UTC1 reports · 1 sources

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Adani Total Gas Q1 Profit Drops 18% on High LNG Costs Amid West Asia Crisis

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Adani Total Gas Q1 Profit Drops 18% on High LNG Costs Amid West Asia CrisisThe Hindu: Latest News today from India and the World, Breaking news, Top Headlines and Trending News Videos.RegionalJul 21, 12:45 PM UTC

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