Adani Total Gas Q3FY26 Results Show Strong Growth Story
Newzdaddy Business Updates
Adani Total Gas Q3FY26 Results reflect strong ESG and safety focus
Adani Total Gas Limited continues to strengthen its position in India’s energy transition journey by delivering steady growth across volumes, infrastructure, financial performance and sustainability during Q3FY26 and the nine months ended December 31, 2025.
The reported 14 per cent growth in volume for nine months and 12 per cent growth in Q3 reflects rising demand for cleaner fuels across transport and households. In India, CNG is widely seen as a practical alternative to petrol and diesel because it reduces air pollution and running costs for vehicle owners. Growth at this scale suggests that more cities and consumers are actively shifting towards gas-based mobility and cooking solutions.
The expansion of the CNG network to 680 stations is significant in a country where fuel access plays a major role in adoption. A denser station network reduces waiting time, improves convenience for drivers and builds confidence among new users. This steady rollout also supports public transport fleets and commercial vehicles, which are key contributors to urban emissions.
Reaching 10.5 lakh PNG households shows deepening trust in piped gas for daily cooking needs. PNG is safer than cylinders, provides a continuous supply and reduces dependence on deliveries. At a national level, household gas connections are also linked to better health outcomes, especially for women, as cleaner cooking fuels reduce indoor air pollution.
EBITDA growth to INR 314 crore in Q3 and INR 919 crore for nine months indicates that the company has managed costs carefully despite volatile global gas prices. This matters because the global gas market has remained unstable due to geopolitical factors and seasonal demand, making profitability a challenge for many energy companies.
The dual ESG upgrades, including a CDP ‘A’ rating and a DJSI ESG score of 72 with a global rank of ninth among gas utilities, place the company among leading global peers. ESG scores are closely tracked by long-term investors as they reflect how responsibly a company manages environmental impact, worker safety and governance practices.
The Gold award for safety excellence at the Apex India Safety Awards highlights the importance of operational safety in gas distribution. In a sector where infrastructure runs through dense urban areas, strong safety systems help prevent accidents and protect both workers and the public.
The rise in EV charge points to 4,908 shows that the company is not limiting itself to gas alone. India’s EV market is growing quickly, supported by government incentives and rising fuel costs. A wider charging network across 26 states and 226 cities helps reduce range anxiety and supports the shift towards electric mobility.
During Q3FY26, the combined CNG and PNG volume of 289 MMSCM reflects balanced growth across both transport and household segments. Adding 18 new CNG stations in a single quarter suggests focused execution at the ground level. Similarly, adding over 34,000 PNG households in three months indicates strong on-ground connectivity and consumer onboarding.
The increase in industrial and commercial connections to 9,751 is important because these users provide stable, long-term demand. Industries often prefer gas for its cleaner burn and consistent supply, which supports productivity while meeting environmental norms.
The completed steel pipeline network of nearly 14,862 inch-kilometres underlines the scale of physical infrastructure needed for city gas distribution. Such networks are long-term assets that enable future growth without major additional disruption.
On a pan-India basis, including the joint venture IOAGPL, the combined footprint shows even stronger momentum. A total of 1,120 CNG stations and PNG connections reaching over 12.5 lakh homes mean that gas is touching more than four million lives daily. This reflects the broader national push towards cleaner urban energy systems.
Regulatory changes during the quarter played a supportive role. The reduction in tax from VAT to CST on gas supplied outside Gujarat lowers costs for CGD companies across states. The simplified two-zone transmission tariff also makes pricing clearer and more predictable, especially for domestic PNG and CNG users.
Despite lower APM gas allocation at around 41 per cent and higher reliance on costlier sources like R-LNG, the company ensured an uninterrupted supply. This shows the value of a diversified sourcing strategy, especially during periods of global price spikes and currency fluctuations.
The performance of Adani TotalEnergies E-mobility Limited, with installed capacity nearing 51 MW, supports India’s broader EV goals. At the same time, Adani TotalEnergies Biomass Limited’s sale of CBG and strong growth in organic manure highlight the role of waste-to-energy solutions in a circular economy.
Overall, the Q3FY26 and nine-month performance shows steady execution, financial resilience and a clear focus on sustainability. In a fast-changing energy landscape, such balanced growth positions the company well for long-term value creation while supporting India’s clean energy ambitions.