Net profit stood at Rs 162 crore in July-September – the second quarter of fiscal 2025-26 – compared to Rs 178 crore profit in the same period last year, according to a company statement.
The cost of gas, which the company converts into CNG for sale as fuel for cars and pipes for domestic kitchens for cooking, rose 26 percent in the quarter as the company had to make up for the lower allocation of below-market APM gas with an expensive alternative.
A decline in production of gas from old fields, called APM gas, from state-owned ONGC led city gas retailers such as ATGL to look at expensive alternative fuels, such as those from more expensive, difficult fields and imported LNG.
“To ensure volume growth, ATGL has taken a calibrated approach in passing on the higher price to consumers,” the report said, noting that not all of the increase in input prices has been passed on to consumers.
Operating revenue rose 19 percent to Rs 1,569 crore. The company sold 18 percent more CNG at 191 million standard cubic meters and 11 percent more natural gas through pipelines at 89 mmscm during the quarter. “Team ATGL has once again delivered an impressive set of numbers with volume growth of 16 per cent, revenue growth of 20 per cent year-on-year and EBIDTA of Rs 603 crore, despite combined APM and new source gas inventories falling to 59 per cent in the first half of FY26 from 70 per cent in H1FY25 and the US dollar further rising 4 per cent against the Indian rupee, resulting in an increase in gas production. cost,” said Suresh P Manglani, CEO, ATGL.
Gas connections for cooking exceeded the 1 million mark and the number of CNG stations reached 662.
“Our continued focus on digitalization in the areas of project management, operational excellence and value optimization has helped us achieve better physical and financial results,” he said. “While we are closely monitoring the evolving situation surrounding the allocation of APM gas for the CNG segment, our diversified gas purchasing portfolio allows us to take a calibrated pricing approach, ensuring that consumer interests remain paramount.
ATGL has the city gas permit for 34 geographical areas. It has licensed another 19 GAs in a joint venture with Indian Oil Corporation (IOC) called Indian Oil-Adani Gas Private Limited (IOAGPL).
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