Adani Total Gas Limited — Investor Meet, 04-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Adani Total Gas (ATGL) reported robust Q1 FY26 results. Revenue increased 21% to INR 1,491 Cr, with EBITDA at INR 301 Cr and PAT at INR 162 Cr. Total volume grew 16% year-on-year, driven by a 21% surge in CNG volumes to 185 MMSCM, despite higher gas costs.

ATGL expanded its network to 650 CNG stations and nearly 1 million domestic PNG connections. A tie-up with Jio-BP will accelerate CNG station and EV charging expansion. Management remains optimistic, targeting double-digit CNG growth, with planned capex of INR 900-1,000 Cr this year and INR 3,500-3,700 Cr over the next three years, boosted by favorable new zonal tariffs for CGD volumes.