Adani Total Gas (ATGL) announced an 11% increase in its consolidated net profit for the third quarter ending December. The company’s net profit for Q3 reached Rs 159 crore, up from Rs 142.38 crore in the same period last year. Revenue from operations also saw a significant growth, with Adani Total Gas reporting revenue of Rs 1,631 crore in Q3 FY26, a 17% rise from the previous year.
Adani Total Gas CEO and ED, Suresh P. Manglani, expressed satisfaction with the performance, highlighting double-digit growth in volumes, revenue, and EBITDA. Despite challenges such as lower availability of APM gas and higher RLNG prices, the company’s diversified sourcing strategy ensured uninterrupted supplies of PNG and CNG to customers. Standalone combined volume of CNG and PNG for Q3 FY26 reached 289 million standard cubic meters, marking a 12% increase from the previous year.
The company expanded its network by adding 18 new CNG stations, bringing the total to 680. Additionally, PNG household connections grew to 10.5 lakh, with over 34,000 new homes added during the quarter. Industrial and commercial connections also increased, with 148 new customers, totaling 9,751. ATGL’s joint venture, IOAGPL, witnessed robust growth, with combined volumes reaching 460 MMSCM, up 15% year-on-year. The CNG network expanded to 1,120 stations, serving over 4 million people daily.
Financially, ATGL’s EBITDA for Q3 FY26 rose to Rs 314 crore, reaching Rs 919 crore for the nine months. The company effectively managed supply challenges by adapting to lower CNG APM allocation and higher costs from alternative sources, ensuring uninterrupted service to consumers.
