Adani Total Gas Q2 Profit Falls 9% Amid Rising Input Costs
Revenue up 19% despite costlier gas and reduced APM allocation; company maintains calibrated pricing to sustain growth
GG News Bureau
Mumbai, 28th Oct: Adani Total Gas Ltd (ATGL), the city gas joint venture between the Adani Group and France’s TotalEnergies, reported a 9% decline in its net profit for the September quarter of FY2025–26, primarily due to higher input gas prices.
The company posted a consolidated net profit of ₹162 crore in the July–September quarter, compared to ₹178 crore in the corresponding period last year. Revenue from operations, however, rose 19% to ₹1,569 crore, driven by higher sales volumes across CNG and piped natural gas (PNG) segments.
According to the company, the cost of gas rose 26% during the quarter following a dip in the supply of below-market priced APM gas from ONGC’s legacy fields. This forced ATGL to rely on higher-priced alternatives, including imported LNG and gas from difficult fields. “To ensure volume growth, ATGL took a calibrated approach in passing on the higher price to consumers,” the company said in a statement.
ATGL’s CNG sales grew 18% year-on-year to 191 million standard cubic meters (mmscm), while PNG sales increased 11% to 89 mmscm. “Team ATGL has yet again delivered an impressive set of numbers with 16% volume growth and 20% revenue growth on a YoY basis,” said Suresh P. Manglani, CEO of ATGL.
The company’s EBITDA stood at ₹603 crore, reflecting steady operational performance despite gas supply challenges and rupee depreciation. ATGL also announced that its piped gas connections crossed the 1 million mark, and its CNG network expanded to 662 stations.
ATGL currently holds city gas licenses for 34 Geographical Areas (GAs) and has another 19 GAs through its joint venture with Indian Oil Corporation, Indian Oil-Adani Gas Pvt. Ltd.
