Adani Total Gas Limited delivered impressive Q3 FY26 results on Thursday, with net profit climbing 11% year-on-year to ₹159 crore from ₹142.38 crore. Total revenue jumped 17% to ₹1,631 crore, surpassing ₹1,600 crore, driven by higher volumes and efficient cost management in a volatile gas market.
The standout performance comes despite headwinds like limited APM gas and soaring RLNG prices. CEO Suresh P. Manglani praised the team’s execution: ‘Double-digit growth in volume, revenue, and EBITDA highlights our strategic sourcing diversification, enabling uninterrupted PNG and CNG supply.’
Combined CNG-PNG volume reached 289 MMSCM, up 12% YoY. ATGL added 18 CNG stations for a total of 680 and connected over 34,000 new homes to reach 10.5 lakh PNG domestic users. Industrial and commercial segments grew to 9,751 connections with 148 additions.
IOAGPL, the JV partner, scaled production 15% to 460 MMSCM, expanded CNG to 1,120 stations (41 new), boosted PNG homes to 12.5 lakh+, and industrial links to 11,106 (222 new). The 27,011 inch-km steel pipeline network completion marks a milestone in infrastructure.
EBITDA hit ₹314 crore for the quarter and ₹919 crore for nine months. Overcoming a 41% APM cut and high alternative fuel costs, ATGL maintained service reliability, reinforcing its dominance in city gas distribution and setting a positive tone for FY26.