Adani Total Gas Ltd

Volume movement clarification

• Volume movement in Adani Total Gas scrip is market-driven and outside management control.
• Company will continue to disclose material information per Regulation 30 under SEBI LODR.

Meeting Details

• Date: Wednesday, August 19, 2026; location Mumbai, physical attendance.
• Meeting type: one-on-one and group interactions.
• Event/conference: Motilal Oswal 2026 Conference.
• Purpose: investor/analyst interaction and results discussion.
• Company participants: management representatives to attend (names not disclosed).

ESG Rating Update

• NSE Sustainability assigned an overall ESG rating of 75 for FY2026, placing Adani Total Gas in Leader category.
• The rating was independently prepared and not sourced from a paid engagement with the company.

Rating Action

• ICRA reaffirmed Adani Total Gas Limited's long-term rating at AA+ with Stable Outlook.
• Short-term rating reaffirmed at A1+ by ICRA.
• Instruments rated: long-term debt and short-term facilities.
• Outlook: Stable for the AA+ rating; short-term outlook not specified.
• Rating agency: ICRA Limited.
• Material change: reaffirmation; no change in rating.
• Date: August 7, 2026.

Rating Action & Details

• Action: reaffirmed long-term rating at AA+ with Stable Outlook.
• Instruments: Long-term debt AA+; Short-term A1+.
• Agency: CARE Ratings (CareEdge Ratings).
• Rationale: Not disclosed in the filing.
• Outlook: Stable.
• Material changes since last rating: Not specified.
• Financial highlights: Not specified in rationale.

Financial Performance

• Revenue rose 27% YoY to INR 1,908 crores in Q1 FY27.
• EBITDA stood at INR 281 crores for the quarter.
• Gas sales volume 303 MMSCM, up 13% YoY.
• CNG volume up 18% YoY; PNG up 4%.

Operations and Growth

• Domestic connections added 38,000; total domestic households 11.41 lakh.
• CNG network now 707 stations with 5 new stations.
• Industrial/commercial customers at 10,422.
• EV charging points 5,306; capacity 58 MW.

Gas Sourcing and Margins

• Margins compressed due to gas availability and slower APM allocation.
• Brent-linked costs and NWG pricing pressure margins.
• Management expects margin recovery with supply normalization and contract renewals.
• Spot purchases ~15% of volumes; mid-term and long-term sourcing to cover shortfall.
• Domestic APM/NWG ~40%; longer-term contracts ~48% of portfolio.
• NWG price at 12% of Indian crude basket; Brent above $107/bbl.
• Imported RLNG costs have risen, lifting overall gas costs.
• Pooled gas mechanism withdrawn; mid-term purchases to cover shortfall.

Q&A Highlights

• Margin compression cause identified as gas availability and APM allocation.
• Forecast: margins to recover as supply stabilizes and renewals occur.
• Spot volumes about 15% of total consumption; expect reduction as supply stabilizes.
• PNG rollout aided by deemed approvals; training programs expanding manpower.
• Capex budget slightly higher; end-to-end monitoring.

Meeting Details

• July 22, 2026 at 12:30 pm IST conference call.
• Virtual group conference call.
• Organiser: Adani Total Gas Limited.

Participants

• CEO (Chief Executive Officer) to participate.
• Interim CFO to participate.
• Head – Gas Sourcing & Business Development to participate.
• Investor Relations representative to participate.

Purpose

• Discuss Q1FY27 results and business outlook.

Dematerialisation status

• Securities received for dematerialisation were confirmed to depositories.
• Dematerialised securities have been listed on the stock exchanges.
• Physical certificates were mutilated and cancelled; depository name substituted as registered owner within prescribed timelines.

ESG Rating Update

• CRISIL ESG overall rating raised to 66 and Core ESG to 63 for FY2026 disclosures.
• Ratings remain in the 'Strong' ESG category; upgrade driven by better Environmental and Social metrics.