India's Adani Total Gas quarterly profit rises 6% on sales volume growth

Adani Total Gas

22/10/2026 12:12

Oct 22 (Reuters) - India's Adani Total Gas ADAG.NS reported a 6% rise in second-quarter profit on Thursday, supported by higher natural gas volumes.

Here are some details:
The company, a joint venture between Adani Group and French oil major TotalEnergies SE TTEF.PA, said its consolidated net profit rose to 1.73 billion rupees ($18.24 million) in the July-September quarter, from 1.63 billion rupees a year ago
Adani Total Gas distributes compressed natural gas for vehicles and piped natural gas to households, businesses and industrial customers
The company said it operated in a challenging environment marked by the Middle East crisis, elevated Brent and spot gas prices and currency depreciation
"Our diversified sourcing portfolio, mix of long-term contracts and flexible market purchases along with calibrated price mechanism helped manage cost pressures, maintained supply reliability, and sustained customer demand," CEO Sanjay Pandita said
CNG volumes, which account for over 70% of the firm's total sales volume, grew 17% year-on-year, supported by network expansion and higher throughput, while PNG volumes rose 3%
The company added 16 new CNG stations in the quarter, taking the total to 723
Revenue from operations rose 33.8% to 21.10 billion rupees
Total expenses rose 38% to 18.90 billion rupees

($1 = 94.8500 Indian rupees)

 (Reporting by Abhinav Parmar, Aleef Jahan in Bengaluru; Editing by Mrigank Dhaniwala)
 ((Abhinav.Parmar@thomsonreuters.com;))