Q1 results: Adani Total Gas revenue rises 21% to ₹1,491 crore on higher CNG sales

• EBITDA stood at ₹301 Cr
• PAT for the quarter was ₹162 Cr
• Earned a consolidated PAT of ₹165 Cr

NE BUSINESS BUREAU

AHMEDABAD, JULY 28

Adani Total Gas Ltd (ATGL), India’s leading energy transition company and a joint venture of Adani Group and Total Energies, on Monday reported a 21% increase in revenue to ₹1,498 crore in Q1FY26 compared to ₹1,239 crore in the same period last year.

Its CNG stations network reached 650 stations across 34 Geographical Areas (GA) in the quarter, and over 9.9 lakh homes are now connected with Piped Natural Gas (PNG), the company said in a statement.

With the addition of new PNG connections, PNG volume has increased by 6 per cent (on-year. The company increased Industrial and Commercial connections to 9,456, with 157 new customers added in the quarter ended June 30.

“During the quarter, we achieved a robust year-on-year volume growth of 16%, driven by a 21% increase in CNG volumes. We are continuing expansion of our city gas distribution (CGD) networks across all 34 geographical areas (GAs) with over 14,000 inch-km of backbone steel pipelines, 650 CNG stations and are very close to touching one million consumers,” Suresh P Manglani, ED & CEO of Adani Total Gas, said.

EV charging points have increased to over 3,800. This all-round superior performance was delivered while APM gas allocation for CNG was at 43 per cent, and the balance supplies were being offset with the allocation of higher-priced new wells and HPHT (High Pressure High Temperature) gas.

Net profit for the first quarter fell 3.8% to ₹165.2 crore over the year-ago period.

“Looking ahead, we are focused on expanding not only our CGD infrastructure across our geographical areas but also our LNG, e-mobility solutions, and CBG (Compressed Biogas) businesses,” Manglani added.

In June, the company announced a partnership with Jio-bp to enhance quality fuel offerings. Under the partnership, Adani Total Gas fuel outlets will offer Jio-bp’s liquid fuels — petrol and diesel, while select Jio-bp fuel outlets will integrate Adani Total’s CNG dispensing units, within the latter’s authorised geographical areas.

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