Adani Total Gas542066Quarterly results

Executive Director ceases on superannuation from Oct 31; CEO named Executive Director for 3 years

Board meeting on October 22, 2026 approved the unaudited results for the quarter and half year ended September 30, 2026.

By ScoutQuest · Thu 22 Oct 2026, 3:38 PM IST · 3 min read

Consolidated revenue from operations (Q2): Rs. 2,109.65 crore
Profit for the period (Q2): Rs. 173.27 crore
Quarter/half year ended: September 30, 2026

The board met on October 22, 2026 and approved the unaudited financial results for the quarter and half year ended September 30, 2026, along with a change at the top of its executive leadership.

Leadership change

Mr. Suresh P. Manglani ceases to be Executive Director and Key Managerial Personnel of the company upon his superannuation, with effect from the close of business hours on October 31, 2026. The board placed on record its appreciation for his contribution during his tenure.
Mr. Sanjay Pandita, presently Chief Executive Officer and Key Managerial Personnel, has been appointed an Additional Director and Whole-time Director designated as Executive Director with effect from November 1, 2026, for a term of three (3) years. The appointment is subject to the approval of the shareholders.
On taking the new role, he will be designated Executive Director and Chief Executive Officer (Key Managerial Personnel).
The update describes him as an energy industry leader with over 25 years of experience across natural gas, LNG, LPG and emerging low-carbon energy solutions, with earlier leadership positions at RIL/Jio-bp Mobility solutions, Mahanagar Gas Limited and Gujarat Gas Limited, and earlier at Nayara Energy. He is stated not to be related to any director of the company.

The quarterly numbers (consolidated, unaudited)

Revenue from operations for the quarter ended September 30, 2026 was Rs. 2,109.65 crore, against Rs. 1,576.38 crore in the same quarter a year earlier and Rs. 1,906.79 crore in the preceding quarter.
Total income was Rs. 2,123.66 crore, against Rs. 1,585.07 crore a year earlier.
Profit for the period was Rs. 173.27 crore, against Rs. 163.49 crore a year earlier and Rs. 141.72 crore in the preceding quarter.
Earnings per share (basic and diluted, face value of Rs. 1 each) was Rs. 1.58, against Rs. 1.49 a year earlier.

The half year numbers (consolidated, unaudited)

Revenue from operations was Rs. 4,016.44 crore, against Rs. 3,074.70 crore in the same half of the previous year.
Profit for the period was Rs. 314.99 crore, against Rs. 328.73 crore a year earlier.
Earnings per share (basic and diluted) was Rs. 2.86, against Rs. 2.99 a year earlier.
Total expenses for the half year were Rs. 3,632.76 crore, including finance costs of Rs. 75.56 crore and depreciation and amortisation of Rs. 138.40 crore.

What this means for retail investors

The leadership change is a planned transition: the outgoing executive director retires on superannuation and the current chief executive moves into a board-level executive role from the next day, so the top management position continues to be held by the same person.
The appointment of Mr. Pandita as a director will need shareholder approval, which the company has flagged in the update.
The results show higher revenue from operations for the quarter compared with the same quarter a year earlier, while half-year profit is lower than the same half of the previous year. Both comparisons are stated on a consolidated basis.
The financial results carry a limited review report from the statutory auditors, Walker Chandiok & Co LLP, who state that nothing came to their attention that causes them to believe the statement contains any material misstatement.

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