SUMMARY
Adani Total Gas Q3 results for FY26 show an 11% YoY rise in net profit to ₹158.65 crore and a 17% YoY increase in revenue to ₹1,639.22 crore, driven by strong demand in the city gas distribution business. QoQ profit slightly declined from ₹163.49 crore, but overall performance remains stable.
Adani Total Gas Q3 Results: Profit Rises 11% YoY and Revenue Grows 17% in FY26
Adani Total Gas Ltd. (ATGL), one of India’s largest city gas distribution companies, has announced robust financial performance for the quarter ended December 2025. The company posted strong top-line growth and steady profitability despite market fluctuations.
The Adani Total Gas Q3 Results reflect rising demand for CNG and PNG, expansion across new geographical areas, and operational efficiencies.
This article breaks down the Q3 financials in detail, covering YoY and QoQ performance, revenue trends, profit margins, and what this means for investors.
Key Financial Highlights of Adani Total Gas Q3 Results
Adani Total Gas reported the following major numbers for Q3 FY26:
- Net Profit: ₹158.65 crore (11% YoY increase)
- Revenue from Operations: ₹1,639.22 crore (17% YoY increase)
- Sequential Performance (QoQ): Profit fell from ₹163.49 crore in Q2 FY26
- Revenue QoQ: Up 4% from ₹1,576.38 crore in Q2 FY26
These numbers show a clear upward growth curve when viewed year-on-year, although sequential profits saw a mild dip.
Detailed Financial Comparison Table
Profit Comparison YoY and QoQ
| Particulars | Q3 FY26 (₹ crore) | Q3 FY25 (₹ crore) | YoY Change | Q2 FY26 (₹ crore) | QoQ Change |
|---|---|---|---|---|---|
| Net Profit | 158.65 | 142.38 | +11% | 163.49 | -3% |
Revenue Comparison YoY and QoQ
| Particulars | Q3 FY26 (₹ crore) | Q3 FY25 (₹ crore) | YoY Change | Q2 FY26 (₹ crore) | QoQ Change |
|---|---|---|---|---|---|
| Revenue from Operations | 1,639.22 | 1,400.88 | +17% | 1,576.38 | +4% |
Revenue Growth Driven by City Gas Distribution Demand
The 17% revenue surge highlights strong consumption across:
- Compressed Natural Gas (CNG)
- Piped Natural Gas (PNG – Domestic and Industrial)
- Newly commissioned CGD networks
The company continues to expand gas infrastructure, which supports rising sales volumes. This aligns with broader trends in India where demand for clean fuel alternatives is accelerating.
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Why Did Profit Decline Sequentially?
Although the YoY profit increased, QoQ profit dropped from ₹163.49 crore in Q2 FY26 to ₹158.65 crore in Q3 FY26. This small decline may be due to:
- Temporary cost increases
- Seasonal fluctuations in energy demand
- Higher input gas costs during the quarter
Despite this, overall profitability trends remain stable when viewed annually.
What These Results Mean for Investors
The Adani Total Gas Q3 Results indicate a strong long-term growth trajectory. Investors may view this as:
- Positive: Because of double-digit revenue and profit growth YoY
- Stable: The company continues to scale operations
- Strategic: Expansion into new CGD networks will drive future revenue
If the market reacts to the YoY strength, the stock may experience upward momentum.
Segment-Wise Insights
1. CNG Segment
- Rising adoption of CNG vehicles
- Expansion of CNG stations across multiple cities
- Volume growth supported revenue
2. PNG Domestic & Commercial
- Increasing household PNG penetration
- New domestic connections during city expansions
3. Industrial Sales
- Industries shifting from coal and furnace oil to cleaner gas
- This segment remains a stable revenue generator
Adani Total Gas Growth Outlook
Industry analysts expect continued growth driven by:
- Government focus on clean energy
- Rapid digitalization of CGD operations
- Pipeline and infrastructure expansion in new districts
- Strong demand from transport and industrial sectors
With a YoY revenue jump of 17%, the company is positioned strongly to lead the CGD market.
Adani Total Gas has delivered a powerful Q3 performance for FY26. The company reported an 11% jump in profit to ₹158.65 crore and a 17% rise in revenue to ₹1,639.22 crore for the December 2025 quarter.
Even though profit dipped slightly compared to Q2, demand for CNG and PNG remained strong. With expanding operations and cleaner fuel adoption across India, ATGL’s growth outlook stays solid.
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