Adani Total Gas Limited — Investor Meet, 30-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Adani Total Gas saw Q3 revenue up 17% YoY to INR1,631 Cr, EBITDA up 15% to INR313 Cr, and PAT up 10% to INR157 Cr. CNG volumes grew 17%, PNG 3%. Operational highlights include 18 new CNG stations (total 680) and ~35,000 new domestic PNG connections, reaching 1.05 million. Positive regulatory reforms, like the 2-zone transmission tariff, allowed for price reductions, boosting affordability and volume. The company is actively incentivizing CNG vehicle adoption. Industrial segment faces competition from cheaper alternate fuels. Management remains focused on network expansion, customer experience, and sustainability, maintaining a confident outlook on growth.