Q3 2026 Adani Total Gas Ltd Earnings Call Transcript
Key Points
- Adani Total Gas Ltd (BOM:542066) reported a 17% year-on-year increase in CNG volume for the third quarter, indicating strong growth in this segment.
- The company expanded its network by adding 18 new CNG stations, bringing the total to 680 stations, enhancing its market penetration.
- Adani Total Gas Ltd (BOM:542066) achieved a significant milestone by increasing its domestic PNG consumer base to 1.05 million homes.
- The company has been recognized for its sustainability efforts, with its S&P Dow Jones Sustainability Index Score rising to 72, placing it ninth globally in the gas utility sector.
- Adani Total Gas Ltd (BOM:542066) has been honored with the Gold award for safety excellence at the Apex India Safety Awards 2025, reflecting its commitment to safety.
- Despite a 17% increase in revenue for the third quarter, the profit before tax for the nine-month period was marginally lower by 3%, indicating some financial challenges.
- The transition to a 2% CST from a 15% VAT on natural gas transported outside Gujarat was largely offset by higher gas costs and USD exchange rate increases.
- The company faces pressure from cheaper alternative fuels like LPG and propane, which could impact its industrial segment growth.
- Adani Total Gas Ltd (BOM:542066) reported a marginal decrease of 3% in profit after tax for the nine-month period, highlighting some profitability concerns.
- The company is still working on achieving its target of installing 10,000 EV charge points, indicating ongoing challenges in its e-mobility expansion.
Ladies and gentlemen, good morning, and welcome to the Adani Total Gas Limited Q3 FY26 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. From the Adani Total Gas Limited, we are joined on the call by Mr. Suresh P. Manglani, Executive Director and CEO; Mr. Preyash Jhaveri, Interim Chief Financial Officer; and Mr.Ravindra Desai, Head of Gas Sourcing and Business Development.
I now hand the conference over to Mr. Suresh P. Manglani, Executive Director and Chief Executive Officer from Adani Total Gas Limited. Thank you, and over to you, sir.
Thank you. Good morning, everyone. Let me extend a hearty welcome to all our investors, analysts, funds for taking out their time and participating in today's call on quarter three and nine-months period ended financial year -- December financial year for financial 2025, '26 of the Adani Total Gas Limited. I'm pleased to share the operational and financial results of Adani Total Gas for
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