Copyright thehindubusinessline
Despite higher revenues, Adani Total Gas on Tuesday reported a consolidated net profit of ₹163 crore for the second quarter of FY26, a decline of 12 per cent from ₹186 crore clocked during the same period last year. The company’s revenue from operations stood at ₹1,576 crore, a growth of almost 20 per cent year on year. Its business falls within a single operating segment of selling and distribution of natural gas. During the quarter, the company’s sales of CNG and PNG grew 18 per cent and 11 per cent, respectively. The company stated that its revenue from operations rose on account of higher volume and sales realisation. Besides higher volume, the gas cost increased 29 per cent largely due to the lower allocation of APM to CNG segment being replaced by the high-priced New well gas (NWG) and HPHT gas. Monitoring situation “Team ATGL has yet again delivered an impressive set of numbers with volume growth of 16 per cent, revenue growth of 20 per cent, and EBITDA at ₹603 crore, despite combined APM and NWG gas supplies moderating down to 59 per cent in H1FY26 from 70 per cent in H1FY25 and USD further appreciating 4 per cent against INR, resulting in an increase in the gas cost. Home PNG numbers crossed the one-million mark and the number of CNG stations reached 662, out of which 129 are of CODO/DODO category. There has been strong growth in both steel and MDPE pipelines across all our GAs,” said Suresh P Manglani, CEO & ED, ATGL, in the release. “While we closely monitor the evolving situation around APM gas allocation for the CNG segment, our diversified gas sourcing portfolio enables us to adopt a calibrated pricing approach, ensuring that consumer interests remain at the forefront,” he added. Published on October 28, 2025
