Adani Total Gas Limited (ATGL) on Thursday reported a 11.4% year-on-year (YoY) increase in its consolidated net profit for the third quarter ended December 31, 2025. The Gautam Adani-led city gas distribution major posted a profit of ₹158.65 crore during Q3 FY26, compared to ₹142.38 crore in the corresponding quarter of the previous fiscal year.

The company’s revenue from operations climbed 17% YoY to ₹1,639.22 crore against ₹1,400.88 crore reported in Q3 FY25. This growth was underpinned by a strong 12% increase in standalone sales volumes, which reached 289 MMSCM for the quarter.

Operational milestones and network expansion

ATGL continued to expand its physical footprint across India. During the quarter, the company added 18 new CNG stations, bringing its total network to 680 stations. The piped natural gas (PNG) segment also saw steady growth, with household connections crossing the 10.5 lakh mark after the addition of 34,210 new homes in the current quarter.

On a pan-India basis, including its joint venture with Indian Oil (IOAGPL), the company’s combined network now spans 1,120 CNG stations and serves over 12.5 lakh PNG households.

ESG upgrade

During the quarter, the company passed a challenging cost environment marked by a sharp increase in Henry Hub-linked R-LNG prices and a rising USD exchange rate. Despite these hurdles, ATGL benefitted from critical regulatory shifts, including the transition to a 2% CST (down from 15% VAT) on gas supplied outside Gujarat.

“Despite the challenges of costlier gas supplies, ATGL has ensured uninterrupted delivery and continued growth in volume and EBITDA,” the management stated in its media release. The company’s EBITDA for the quarter rose 15% YoY to ₹305 crore.

In the green energy space, its e-mobility subsidiary, ATEL, expanded its footprint to 4,908 installed EV charge points across 226 cities. Furthermore, ATGL’s received a dual ESG (environmental, social, governance) upgrade, receiving an ‘A’ rating from the carbon disclosure project (CDP) and ranking 9th globally in the gas utility sector by DJSI.

The shares of Adani Total Gas ended 4.33% higher at ₹551 apiece on the national stock exchange on Thursday. The company's stock has declined nearly 16% in the past one year, underperforming the benchmark Nifty 50 index which rose about 10% during the same period.