Adani Total Gas Limited (NSE: ATGL) announced its financial results for the quarter ended September 30, 2025 (Q2 FY26), reporting a mixed performance marked by solid revenue growth but a decline in profitability.
The company’s revenue from operations surged 19.6% YoY to ₹1,576 crore, compared to ₹1,318 crore in Q2 FY25, supported by steady volume growth in both CNG and PNG segments and network expansion across new geographies. Total income stood at ₹1,585 crore, up from ₹1,325 crore a year earlier.
However, net profit for the quarter declined 12% year-on-year to ₹163.49 crore, as against ₹185.60 crore in the same quarter last year. Sequentially, profit was also marginally lower compared to ₹165.24 crore in Q1 FY26.
Operational highlights:
- EBITDA (estimated): ₹218.9 crore vs ₹247.4 crore YoY (down 11.5%)
- EBITDA margin: 13.8% vs 18.6% YoY
- Cost of natural gas and traded items: ₹997.8 crore vs ₹773.2 crore YoY, reflecting higher input gas prices.
- Total expenses: ₹1,369 crore vs ₹1,087 crore YoY.
Half-year performance (H1 FY26):
For the six months ended September 30, 2025, total income rose 20% YoY to ₹3,091 crore, while net profit came in at ₹328.73 crore, compared to ₹357.44 crore in H1 FY25.
Management outlook:
Adani Total Gas stated that the company continues to focus on expanding its city gas distribution (CGD) network and improving operational efficiencies amid fluctuating gas price dynamics. The company added new CNG stations and PNG connections during the quarter, with ongoing investments in digitalization and sustainability initiatives.
Summary:
| Particulars | Q2 FY26 | Q2 FY25 | YoY Change |
|---|---|---|---|
| Revenue from operations | ₹1,576.38 cr | ₹1,318.37 cr | +19.6% |
| Total Income | ₹1,585.07 cr | ₹1,325.00 cr | +19.6% |
| Profit before tax | ₹218.93 cr | ₹247.37 cr | -11.5% |
| Net Profit | ₹163.49 cr | ₹185.60 cr | -11.9% |
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