How did Adani Total Gas achieve a 21% rise in operational revenue?
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Synopsis
Adani Total Gas Ltd has reported a stunning 21% increase in operational revenue for Q1 FY26, driven by substantial growth in CNG volumes. With nearly 1 million consumers connected, the company is making strides in India's energy transition. Discover how they are navigating rising gas costs while expanding their network.
Key Takeaways
- Revenue Growth: 21% increase in operational revenue for Q1 FY26.
- CNG Volume Surge: CNG volumes rose by 21% year-on-year.
- Expansion of Network: 650 CNG stations across 34 geographical areas.
- Consumer Base: Close to 1 million consumers connected to PNG.
- Cost Management: Strategic approach to mitigate rising gas costs.
Ahmedabad, July 28 (NationPress) Adani Total Gas Ltd (ATGL) announced a remarkable revenue from operations amounting to Rs 1,491 crore for the April-June quarter (Q1 FY26), marking a significant increase of 21 percent. This growth is attributed to a robust year-on-year volume surge of 16 percent, primarily fueled by a 21 percent rise in CNG volumes.
As of this quarter, the CNG stations network expanded to 650 stations across 34 Geographical Areas (GA), while over 9.9 lakh homes are now supplied with Piped Natural Gas (PNG), according to the company's statement.
The addition of new PNG connections has resulted in a 6 percent increase in PNG volume year-on-year. The company also enhanced its Industrial and Commercial connections to 9,456, with 157 new customers onboarded in the quarter ending June 30.
"During this quarter, we achieved a robust year-on-year volume growth of 16 percent, propelled by a 21 percent surge in CNG volumes. We are committed to expanding our CGD networks across all 34 Geographical Areas (GAs), boasting over 14,000 inch-km of backbone steel pipelines, 650 CNG stations, and are nearing 1 million consumers," stated Suresh P Manglani, ED and CEO of Adani Total Gas.
The number of EV charging points has also grown to over 3,800. This impressive performance was achieved while the APM gas allocation for CNG stood at 43 percent, with the remaining supplies supplemented by the allocation of higher-priced new wells and HPHT (High Pressure High Temperature) gas.
“Thanks to our ongoing efforts to build a robust gas sourcing portfolio, enhance operational efficiency, and digitalize processes, we have ensured 100 percent reliability of supply and maintained prudent pricing for our consumers for both PNG and CNG. I am pleased to report that Team ATGL has delivered a consistent and stable EBITDA despite sharp year-on-year increases in gas prices," Manglani remarked.
In addition to the increased volume, gas costs rose by 31 percent, primarily due to the diminished allocation of APM to the CNG segment, which was substituted with high-priced new well gas and HPHT gas. To foster volume growth, the company adopted a measured approach in passing on the increased costs to consumers.
"We remain unwavering in our commitment to supporting India’s energy transition by delivering low-carbon solutions across the industrial, household, and transportation sectors," Manglani concluded.
Point of View
Adani Total Gas Ltd's latest earnings report underscores the company's leadership in the energy transition sector. Despite challenges posed by rising gas prices, their strategic expansions and commitment to low-carbon solutions position them as a key player in India's evolving energy landscape.
NationPress
31/07/2025
Frequently Asked Questions
What is the revenue of Adani Total Gas for Q1 FY26?
Adani Total Gas reported a revenue of Rs 1,491 crore for Q1 FY26, marking a 21% increase.
How much did CNG volumes increase?
CNG volumes saw a significant rise of 21% year-on-year.
How many homes are connected with PNG?
Over 9.9 lakh homes are now connected with Piped Natural Gas (PNG).
What is the current number of CNG stations?
The network of CNG stations has expanded to 650 across 34 Geographical Areas.
What is Adani's commitment towards energy transition?
Adani Total Gas is committed to supporting India's energy transition by providing low-carbon solutions across various sectors.
