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Adani Total Gas Q3 Profit Jumps 11%, Revenue Up 17% on Strong Volume Growth

Adani Total Gas reported an 11% year-on-year increase in consolidated net profit for the third quarter, reaching Rs 159 crore. Revenue from operations grew 17% to Rs 1,631 crore, driven by strong volume growth. The company expanded its CNG station network and added significant new PNG household, industrial, and commercial connections. Despite supply challenges and higher gas costs, the company's diversified sourcing strategy ensured uninterrupted customer supplies.

Key Points: Adani Total Gas Q3 Profit Rises 11%, Revenue Up 17%

  • 11% rise in Q3 net profit
  • 17% jump in quarterly revenue
  • 12% growth in CNG/PNG volumes
  • Network expansion with new stations & connections
2 min read

Adani Total Gas posts 11 pc jump in Q3 profit, revenue up 17 pc

Adani Total Gas reports 11% rise in Q3 net profit to Rs 159 crore and 17% revenue growth, driven by strong CNG and PNG volume increases.

"Team ATGL has delivered yet another strong quarter with double‑digit growth in volumes, revenue and EBITDA - Suresh P. Manglani"

Ahmedabad, Jan 22

Adani Total Gas on Thursday reported an 11 per cent year-on-year rise in its consolidated net profit for the third quarter ended December.

The company's net profit for Q3 stood at Rs 159 crore, compared with Rs 142.38 crore recorded in the same quarter last financial year (Q3 FY25), according to its stock exchange filing.

Revenue from operations showed strong growth during the quarter. Adani Total Gas posted revenue of Rs 1,631 crore in Q3 FY26 -- marking a 17 per cent increase over Rs 1,397.35 crore in the corresponding quarter of the previous financial year.

"Team ATGL has delivered yet another strong quarter with double‑digit growth in volumes, revenue and EBITDA," said Suresh P. Manglani, CEO and ED, ATGL.

"Despite continued lower availability of APM gas and higher Henry Hub-linked RLNG prices, our diversified sourcing strategy enabled us to manage the gas basket efficiently and ensure uninterrupted supplies of PNG and CNG to all our customers," Manglani added.

For Q3 FY26, ATGL's standalone combined volume of CNG and PNG reached 289 million standard cubic meters (MMSCM), a 12 per cent increase compared to the same period last financial year.

The company added 18 new CNG stations, taking its total network to 680, while PNG household connections rose to 10.5 lakh, with more than 34,000 new homes added during the quarter.

Industrial and commercial connections also grew, with 148 new customers, taking the total to 9,751, the company said in the statement.

ATGL's operational footprint with its joint venture, IOAGPL, showed even stronger growth.

Combined volumes reached 460 MMSCM, up 15 per cent year-on-year. The CNG network expanded to 1,120 stations with 41 new additions, while PNG household connections crossed 12.5 lakh, serving over 4 million people daily.

Industrial and commercial connections grew to 11,106, adding 222 new customers. The company has also completed 27,011 inch-kilometers of steel pipeline network across India.

Financially, ATGL's EBITDA for Q3 FY26 rose to Rs 314 crore, while for the nine months, it reached Rs 919 crore.

The company managed supply challenges caused by a lower CNG APM allocation of 41 per cent and higher costs from alternative sources like New Well Gas, HPHT, and RLNG, ensuring uninterrupted service to all consumers.

- IANS

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Reader Comments

P
Priyanka N
Impressive growth in household PNG connections. Over 10.5 lakh homes! As someone who switched to PNG last year, the reliability has been good, though the initial installation process could be smoother. Hope the service quality keeps pace with this expansion.
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Aman W
Profit is up 11%, revenue up 17%... but what about the prices for end consumers? CNG prices have also crept up. Hope some of this profit is reinvested to stabilize costs for the common man. Just a thought.
S
Sarah B
The scale of infrastructure is mind-boggling. 27,011 inch-kilometers of pipeline? That's a massive national asset. Efficient gas distribution is key for manufacturing. Strong commercial connection growth is a positive economic indicator.
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Karthik V
Good performance given the global gas price volatility. The 'diversified sourcing strategy' they mention is vital for energy security. More Indian companies need to build such resilience. Jai Hind!
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Nikhil C
Serving over 4 million people daily through the joint venture... that's a huge impact. Cleaner cooking fuel and transportation fuel. This is nation-building work. Hope they focus next on tier-2 and tier-3 cities.

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