How Did Adani Total Gas Achieve 19% Growth in Q2 Revenue?
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Synopsis
Adani Total Gas Ltd (ATGL) has achieved a remarkable 19% growth in revenue for Q2 FY26, with CNG and PNG volumes also rising significantly. This performance underscores ATGL's strategic focus on digitalization, operational excellence, and consumer-centric pricing strategies amid fluctuating gas costs.
Key Takeaways
- 19% growth in revenue from operations for Q2 FY26.
- CNG and PNG volume increased by 16%.
- Number of CNG stations reached 662.
- 1.02 million households connected to PNG.
- EBITDA for Q2 FY26 is Rs 302 crore.
Ahmedabad, Oct 28 (NationPress) The prominent energy transition firm Adani Total Gas Ltd (ATGL) has announced a remarkable 19 percent rise in revenue from operations for Q2 FY26, totaling Rs 1,569 crore compared to the same period last year. This growth coincides with a 16 percent increase in combined CNG and PNG volumes during the July-September quarter.
During this period, the number of CNG stations soared to 662, while the number of PNG-connected households surpassed the 1 million mark, reaching 1.02 million homes.
The company also reported an increase in industrial and commercial connections, which rose to 9,603, with 147 new consumers added in the September quarter.
“The ATGL team has once again showcased exceptional performance with a 16 percent volume growth, 20 percent revenue growth in H1 FY26 year-on-year, and an EBIDTA of Rs 603 crore. This is notable given that the combined APM and NWG gas supplies have decreased to 59 percent in H1 FY26 from 70 percent in H1 FY25, alongside a 4 percent appreciation of USD against INR which impacted gas costs,” stated Suresh P Manglani, CEO and ED of ATGL.
“We have observed robust growth in both steel and MDPE pipelines across all our gas areas. Our persistent emphasis on digitalization in project management, operational excellence, and value optimization has enabled us to achieve improved physical and financial results,” he added.
The total number of installed EV charging points has now reached 4,209. Despite rising exchange rates and increased gas costs, ATGL managed to enhance its volume due to a well-planned pricing strategy and operational expense optimization, achieving an EBITDA of Rs 302 crore in Q2 FY26.
“While we continue to monitor the developing scenario regarding APM gas allocation for the CNG sector, our diversified gas sourcing strategy allows us to maintain a careful pricing approach, prioritizing consumer interests,” Manglani explained.
Furthermore, ATGL has received an upgrade in its long-term credit rating to ‘AA+ (Stable)’ by ICRA, while CRISIL and CARE have also assigned new AA+ (Stable) ratings.
“These ratings reflect the agencies’ favorable outlook on ATGL’s expanding operations, strong parentage, healthy volume growth, solid gas sourcing strategies, and a robust financial profile,” Manglani noted.
Point of View
ATGL's impressive growth reflects the company's strong strategic positioning and effective management in the evolving energy market. Their ability to adapt to challenges, such as rising gas costs and supply fluctuations, while maintaining a focus on consumer interests is commendable. Such resilience not only strengthens their market presence but also positions them as a leader in India's energy transition journey.
NationPress
26/12/2025
Frequently Asked Questions
What is the revenue growth percentage reported by ATGL?
ATGL reported a 19 percent increase in revenue from operations for Q2 FY26.
How many CNG stations does ATGL have as of Q2 FY26?
As of Q2 FY26, ATGL has increased its CNG stations to 662.
What is the current installed number of EV charging points?
The total number of installed EV charging points has reached 4,209.
What is ATGL's EBITDA for Q2 FY26?
ATGL achieved an EBITDA of Rs 302 crore in Q2 FY26.
What ratings has ATGL received from credit rating agencies?
ATGL has been upgraded to ‘AA+ (Stable)’ by ICRA, with fresh ratings of AA+ (Stable) from CRISIL and CARE.
