Adani Total Gas Q3FY26 Results: Net Profit Grows 11.4% to ₹158.65 Crores on Strong Revenue Performance

Adani Total Gas Limited delivered a strong financial performance in the third quarter of FY26, with consolidated net profit rising 11.4% year-on-year to ₹158.65 crores. The city gas distribution company demonstrated resilient growth despite challenging market conditions, supported by robust revenue expansion and operational efficiency.

Financial Performance Overview

The company's consolidated financial results for Q3FY26 showed significant improvement across key metrics. Revenue from operations increased by 17.0% to ₹1,639.22 crores compared to ₹1,400.88 crores in Q3FY25, reflecting strong demand for natural gas across its distribution network.

Metric	Q3FY26	Q3FY25	Change (%)
Revenue from Operations	₹1,639.22 cr	₹1,400.88 cr	+17.0%
Net Profit	₹158.65 cr	₹142.38 cr	+11.4%
Total Income	₹1,648.23 cr	₹1,407.81 cr	+17.1%
Profit Before Tax	₹213.75 cr	₹192.06 cr	+11.3%

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, Adani Total Gas achieved consolidated revenue from operations of ₹4,713.92 crores, representing a 19.1% increase from ₹3,958.31 crores in the corresponding period of the previous year. Net profit for the nine-month period reached ₹487.38 crores, though this was marginally lower than ₹499.82 crores recorded in the same period last year.

Parameter	9M FY26	9M FY25	Change (%)
Revenue from Operations	₹4,713.92 cr	₹3,958.31 cr	+19.1%
Net Profit	₹487.38 cr	₹499.82 cr	-2.5%
Total Income	₹4,739.73 cr	₹3,980.89 cr	+19.1%
Profit Before Tax	₹654.97 cr	₹671.16 cr	-2.4%

Cost Structure and Operational Metrics

The company's cost of natural gas and traded items increased to ₹1,029.38 crores in Q3FY26 from ₹884.84 crores in Q3FY25, reflecting higher input costs and increased volumes. Finance costs rose significantly to ₹40.63 crores from ₹27.47 crores year-on-year, indicating higher borrowing costs or increased debt levels.

Depreciation and amortisation expenses increased to ₹62.44 crores from ₹53.19 crores, suggesting continued infrastructure investments in the gas distribution network. The company's share of profit from joint ventures contributed ₹2.70 crores in Q3FY26 compared to ₹1.07 crores in the previous year quarter.

Earnings Per Share and Capital Structure

Basic and diluted earnings per share for Q3FY26 stood at ₹1.44 compared to ₹1.29 in Q3FY25. For the nine-month period, earnings per share was ₹4.43 versus ₹4.54 in the corresponding period last year. The company maintained its paid-up equity share capital at ₹109.98 crores with a face value of ₹1 per share.

Regulatory and Legal Updates

The company continues to navigate various regulatory matters, including pending authorizations for geographical areas and ongoing legal proceedings. The Government of India's consolidation of 29 labour legislations into four Labour Codes, effective from November 21, 2025, resulted in a financial impact of ₹7.23 crores recognized in the current quarter.

Board Approval and Audit

The Board of Directors approved these unaudited consolidated financial results at their meeting held on January 22, 2026, which commenced at 3:30 p.m. and concluded at 5:45 p.m. The results have been subject to limited review by the statutory auditors Walker Chandiok & Co LLP and were reviewed by the Audit Committee before board approval.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+3.76%	-1.15%	-3.65%	-16.69%	-17.75%	+53.61%

Adani Total Gas Limited has announced its quarterly earnings conference call to discuss Q3FY26 financial results. The investor and analyst call is scheduled for January 23, 2026, at 11:00 AM IST, following the company's board meeting intimation for unaudited financial results.

Conference Call Details

The earnings call will focus on the company's financial performance for the quarter and nine months ended December 31, 2025, along with business outlook discussions. The company has provided comprehensive access arrangements for both domestic and international participants.

Parameter:	Details
Date:	January 23, 2026
Time:	11:00 AM IST
Universal Access:	+91 22 6280 1488 / +91 22 7115 8004
Registration:	Available via company link

Management Participation

The conference call will be represented by senior management team members who will address investor queries and provide insights into the company's quarterly performance.

Position:	Name
ED & CEO:	Mr. Suresh P. Manglani
Interim CFO:	Mr. Preyash Jhaveri
Head – Gas Sourcing & Business Development:	Mr. Ravindra Desai
Investor Relations:	Mr. Adish Vakharia

Global Access Arrangements

The company has arranged international toll-free numbers for global participants across multiple countries including:

Americas: Argentina, Canada, USA
Europe: Belgium, France, Germany, Italy, Netherlands, Poland, Sweden, UK
Asia-Pacific: Australia, China, Hong Kong, Japan, Singapore, South Korea, Thailand

Regulatory Compliance

This intimation has been submitted under the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, specifically under Regulation 30. The announcement follows the company's earlier communication dated January 4, 2026, regarding the board meeting for discussing unaudited financial results.

Contact Information

For conference call enquiries, participants can contact Mr. Adish Vakharia at +91 7201006513 or via email at Adish.Vakharia@adani.com . Additional information is available on the company's website at www.adanigas.com .

The company trades on both BSE (Script Code: 542066) and NSE (Script Code: ATGL), and this earnings call represents part of its regular quarterly disclosure obligations to shareholders and the investment community.