Ahmedabad, October 28 (IANS). Adani Total Gas Limited (ATGL), one of the country’s largest energy companies, said on Tuesday that the company’s income has increased by 19 percent year-on-year to Rs 1,569 crore in the second quarter of FY 26. During this period, the combined volume of the company’s CNG and PNG has increased by 16 percent on an annual basis.
In the second quarter of FY 26, the number of CNG stations of Adani Group company has increased to 662. At the same time, the number of PNG connections has increased to 10.20 lakh.
The number of industrial and commercial connections has increased to 9,603, registering an increase of 147 in the September quarter.
Suresh P Mangalani, CEO & ED, ATGL, said, “Team ATGL has once again delivered impressive numbers including volume growth of 16 per cent, topline growth of 20 per cent (in H1FY26) and EBIDTA of Rs 603 crore, despite the combined supply of APM and NWG gas declining by 70 per cent from H1FY25 to FY26. 59 percent in the first half And there has been 4 percent inflation against dollar and rupee, resulting in increase in the cost of gas.”
ATGL said that the number of chargers installed by the company has increased to 4,209. Despite exchange rate appreciation and higher gas costs, ATGL grew volumes through a calibrated pricing strategy and OPEX optimization, achieving EBITDA of Rs 302 crore in Q2FY26.
“We are keeping a close eye on the changing situation related to APM gas allocation for the CNG segment, but our diversified gas sourcing portfolio enables us to adopt a calibrated pricing approach, which helps keep consumer interests in mind,” Manglani said.
ICRA has upgraded ATGL’s long-term credit rating to ‘AA+ (Stable)’, while CRISIL and CARE have given new AA+ (Stable) ratings.
“These ratings reflect the agencies’ positive view of ATGL’s growing scale, strong parentage, good volume growth, strong gas sourcing arrangements and strong financial profile,” Manglani said.
–IANS
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