Adani Total Gas Q2 Profit Slips to ₹1.63 Billion Despite 20% Revenue Growth

Main Story:
Adani Total Gas Ltd (ATGL) has announced its financial results for the quarter ended September 30, 2025 (Q2 FY2026), posting a consolidated net profit of ₹1.63 billion, a 12% decline from ₹1.86 billion in the same quarter last year. However, revenue from operations surged 19.6% year-on-year to ₹15.76 billion, driven by robust growth in both Compressed Natural Gas (CNG) and Piped Natural Gas (PNG) volumes.

The company’s EBITDA stood at ₹295.1 crore, down 3.5% YoY, while operating margins contracted to 18.7% from 23.2% in Q2 FY2025. The decline was primarily due to higher input gas costs, especially from reduced allocation of Administered Pricing Mechanism (APM) gas to the CNG segment.

Despite margin pressure, ATGL expanded its network by adding 12 new CNG stations, bringing the total to 662, and increased its installed capacity by 42 MW.

Key Highlights:

Revenue: ₹15.76 billion, up 19.6% YoY

Net Profit: ₹1.63 billion, down 12% YoY

EBITDA: ₹295.1 crore; margin at 18.7%

Volume Growth: CNG and PNG volumes up 16% YoY

Network Expansion: 12 new CNG stations added in Q2

Adani Total Gas remains focused on expanding its clean energy footprint despite near-term cost headwinds.

Sources: CNBC TV18, NDTV Profit, Business Upturn