Adani Total Gas Ltd. · NSE:ATGL
Adani Total Gas — Q3 FY26 Earnings Presentation
46 slides from Adani Total Gas's earnings presentation, Jan 23, 2026
Slide 1: Submission of Media Release and Investors' Presentation
January 22, 2026 BSE Limited National Stock Exchange of India Limited P J Towers, Exchange plaza, Dalal Street, Bandra-Kurla Complex, Bandra (E) Mumbai – 400001 Mumbai – 400051 Scrip Code: 542066 Scrip Code: ATGL Sub: Submission of Media Release and Investors’ Presentation on Unaudited Financial Res
Slide 2: Adani Total Gas 9M & Q3FY26 Results
Media Release Adani Total Gas 9M & Q3FY26 Results 9M & Q3FY26 Volume up 14% and 12% YoY respectively CNG network increases to 680 stations PNG household increased to 10.5 lakh homes Q3FY26 and 9MFY26 EBITDA increased to INR 314 Crs and INR 919 cr Dual ESG upgrades with CDP ‘A’ and DJSI ESG score of
Slide 3: Media Release: Financial and business highlights
➢ Given ATGL’s consumer centric approach, it has reciprocated and provided better affordability to home PNG and CNG consumers by reducing prices in a calibrated manner. ➢ CNG APM allocation for the quarter stood at 41%, and the lower availability was bridged with the additional suppliers made throug
Slide 4: Ahmedabad, 22 January 2026: ATGL announces results
Ahmedabad, 22nd January 2026: Adani Total Gas (ATGL), India’s leading energy transition company, continues its mission of transforming India's energy landscape through extensive infrastructure development. Today, ATGL announced its operational, infrastructural and financial performance for the quart
Slide 5: Infrastructure Performance and Standalone Financial Highlights
Infrastructure Performance Particulars UoM As on 31 Dec’ 25 9M Additions Q3 Additions CNG Stations Nos. 680 33 18 MSN (IK) Nos. 14,862 1090 338 Domestic-PNG Nos. 10,50,165 87,497 34,210 Commercial -PNG Nos. 6,714 373 127 Industrial-PNG Nos. 3,037 79 21 Operations Commentary – Q3FY26 ➢ CNG Volume inc
Slide 6: Key ESG Highlights and About Adani Total Gas
Key ESG Highlights ➢ ATGL’s DJSI net ESG score improved to 72 from 62, positioned 9th rank globally in Gas utility sector. ➢ ATGL Carbon disclosure project rating increased to ‘A’ – Highest category from ‘B’ supported by improved scope 1 and 2 emissions management ➢ ATGL received Gold award for Safe
Slide 7: Adani Total Gas Limited: Strength with Resilience, Q3 & 9MFY26
STRENGTH WITH RESILIENCE Adani Total Gas Limited CGD | e-Mobility | Biomass Q3 & 9MFY26 Earnings Presentation
Slide 8: Contents
Contents 01 Executive Summary ATGL – Operational and Financial Performance – Q3 & 02 9MFY26 03 Sustainable Business Update 04 ESG Update 05 Rationale for Investment 06 About Adani Total Gas Limited 07 ATGL: Digitization and Customer Delight 08 ATGL: Promoter’s Overview 08. a Adani Portfolio 08. b To
Slide 9: ATGL – Operational and Financial Performance - Executive Summary
01 ATGL – Operational and Financial Performance - Executive Summary 33 ADANI TOTAL GAS LIMITED
Slide 10: Operational and Financial Highlights –9MFY26 – Y-o-Y
Operational and Financial Highlights –9MFY26 – Y-o-Y CGD - Operational Highlights ➢ CNG Stations increased to 680, Added 33 CNG stations, with 136 being CODO/DODO stations ➢ Steel pipeline network increased to ~ 14,862 inch-km ➢ PNG Home Connection increased to 1.05 mn, 87,497 homes connected to PNG
Slide 11: ATGL – Operational and Financial Performance – 9MFY26
14% 3% 2% Volume EBITDA Cash Profit 836 INR 916 Crs INR 692 Crs MMSCM 02 ATGL – Operational and Financial Performance – 9MFY26 55 ADANI TOTAL GAS LIMITED
Slide 12: Infrastructure Update: As on Dec 2025
Infrastructure Update : As on 31 Dec 2025 ➢ 338 Inch – Km pipeline added in Q3FY26 Total CNG 14862 662 680 14524 ➢ 1090 Inch-km pipeline Stations added in 9MFY26 Steel Network IK 30-Sep-25 31-Dec-25 30-Sep-25 31-Dec-25 Values in Inch-KM ➢ 18 CNG station added in Q3FY26 ➢ 33 CNG station added in 9MFY
Slide 13: Volume & Gas Sourcing –9MFY26 - Y-o-Y
Volume & Gas Sourcing –9MFY26 - Y-o-Y Volume in MMSCM CNG PNG Gas Sourcing Update 576 260 244 ➢ Portfolio optimization through long and short-term 486 18% 7% agreements: • Added new long-term agreements to strengthen portfolio stability. • Short-term spot agreements added for fixed and Brent-linked
Slide 14: Key Financials –9MFY26 - Y-o-Y
Key Financials –9MFY26 - Y-o-Y Y-o-Y Comparison Revenue from Operations EBITDA ➢ Revenue from operations rose by 19% on account 4692 893 3% 916 of higher volume preliminary on CNG segment. 19% 3950 ➢ Gas cost increased by ~25%, mainly due to lower APM and NWG allocation and increase in Henry hub (HH
Slide 15: Key Financials – Healthy Balance Sheet - 9MFY26
Key Financials – Healthy Balance Sheet - 9MFY26 - Y-o-Y All Fig in INR Crs Net Fixed Assets Gross Debt 5688 1885 INR 422 INR 139 5266 Crs 1746 Crs ➢ ATGL continues to grow its infrastructure asset base and has added over INR 422 Crs to INR 5688 Crs while debt has increased by INR 139 Crs FY25 9MFY26
Slide 16: Volume & Financials –Q3FY26 - Y-o-Y
Volume & Financials –Q3FY26 - Y-o-Y All Fig in INR Crs Volume in MMSCM Revenue From Operations EBITDA 200 1631 CNG 313 171 1500 1397 17% 272 15% 17% 1200 900 600 300 Q3FY25 Q3FY26 Q3FY25 Q3FY26 Q3FY25 Q3FY26 CNG Volume has increased by 17% Y-o-Y with network expansion of CNG stations PBT PAT 220 212
Slide 17: Sustainable Business Update
4908 7.5 MTD Installed CBG Peak production Chargin Points achieved 03 Sustainable Business Update 11 11 ADANI TOTAL GAS LIMITED
Slide 18: E-mobility and Biomass Business Update
E-mobility and Biomass Business Update E-mobility Business Update Biomass Business Update Installed Charging Points • A total of 1218 MT of CBG was sold in 9MFY26, including 622 4908 CPs (CPs) tons to CBG DODO station. • Peak CBG sale reached to 7.5 MT/day in the month of Dec’25 Installed Capacity ~
Slide 19: ESG Framework & Sustainability Update – Q3FY26
04 ESG Framework & Sustainability Update – Q3FY26 13 13 ADANI TOTAL GAS LIMITED
Slide 20: ATGL: Sustainability Initiatives – Environment, Social & Governance
ATGL: Sustainability Initiatives – Environment, Social & Governance Target for Achievement in Q3 Initiatives FY 2025-26 Sustain 100% • Total 635+ HCV fleets running on low Decarbonization of fleets decarbonization of fleet carbon fuel. • Cumulative capacity to increased to 1 MW 2.0 MW total till Q3F
Slide 21: ATGL: Sustainability Updates
ATGL: Sustainability Updates ATGL’s 3rd ESG Report Adani Foundation Vision Care Dual Upgrade in ESG Rating Program Successfully published Dow Jones Sustainability Index ATGL Flagship ESG • In vision care program, target for FY Report on theme 2025-26 will be 25000 students to be • S&P Dow Jones Sust
Slide 22: Rationale for Investment
05 Rationale for Investment 16 16 ADANI TOTAL GAS LIMITED
Slide 23: ATGL: Strong Growth with Financial Discipline
ATGL : Strong Growth with Financial Discipline All Fig in INR Crs except ratios Total Assets 1167 7598 EBITDA Gross Debt to Net Fixed Assets INR 5,112 Crs of Assets Addition 639 13% 2486 0.33 0.24 FY20 FY25 FY20 FY25 FY20 FY25 Gross Debt Net Debt to EBITDA PAT 648 1746 1.06 436 INR ,1391 Crs of 8% D
Slide 24: Credit Excellence Backed by Strong ESG Ratings
Credit Excellence Backed by Strong ESG Ratings ATGL Credit Rating ATGL ESG Rating ATGL is rated AA+ (stable) outlook from all three top rating S&P DJSI Score agencies ICRA, CRISIL and CARE Ratings ✓ S&P Dow Jones Sustainability Index score rating of ATGL increased to 72 from 62 earlier. Long Term Sh
Slide 25: ATGL: Well positioned for industry leading growth
ATGL: Well positioned for industry leading growth Pan India presence Strong Promoters Infrastructure Growth 53 Geographical Areas Adani & Total Energies2 (37.4% each) Commissioned 34 GAs GAs spread pan India across 125 Provides significant synergies in both 20+ years of experience Development distri
Slide 26: Five Pillars of Transformational Journey of ATGL
Five Pillars of Transformational Journey of ATGL Fulfilling our objective of future proofing Gainful Customer Focus on delivering • E- Mobility Diversification Centricity Customer Delight • Biomass • LNG for Trucking & Mining Focus on Core strength Strengthening CGD Leverage Technology for Biggest a
Slide 27: About Adani Total Gas Limited
06 About Adani Total Gas Limited 21 21 ADANI TOTAL GAS LIMITED
Slide 28: ATGL: Diversified Energy Platform
ATGL : Diversified Energy Platform Business Structure ATGL Presence CGD 37.4% Adani Total 37.4% 53 125 Gas GAs Districts Covered 34 14 % 15 % Population Area covered# LNG for Core CGD Trucking & Business Mining 100% CGD Business (34 Licences) New Sustainable JV & Investments Bio Businesses Phase-1 o
Slide 29: ATGL: Digitization and Customer Delight
07 ATGL: Digitization and Customer Delight 23 23 ADANI TOTAL GAS LIMITED
Slide 30: SOUL – Single Digital Business Platform
SOUL – Single Digital Business Platform Status as of today.. •Entire pipeline visibility •Majority of our CGS, CNG •Live integration to SCADA, VTS, SAP stations and sites are connected •SMS to customers based on outages 100% marked on GIS with the SOUL platform 100% Integrated Connectivity GIS [ATGL
Slide 31: ATGL: Driving Customer Delight through Digitization
ATGL: Driving Customer Delight through Digitization Adani Gas Mitra (Self help KIOSK) QR based Complaint Redressal Log inquiries, Complaints, requests Module is live 99% Digital Payments Digital Email Response System BBPS (GPay, Amazon pay, etc.), App, Website 65% email answered by Agentic AI 1M+ Se
Slide 32: ATGL: Promoter's Overview
08 ATGL: Promoter’s Overview 26 ADANI TOTAL GAS LIMITED
Slide 33: About Adani Group
adani Gas ~ About Adani Group
Slide 34: Adani Portfolio: A World Class Infrastructure & Utility Portfolio
Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Infrastructure & Utility Core Portfolio Primary Industry Other Incubator Materials, Metal Energy & Utility Transport & Logistics Specialty & Mining (73.97%) (62.43%) (74.96%) (68.02%) (67.64%)4 AEL1 AGEL APL APSEZ3 Ports & Lo
Slide 35: Adani Portfolio: Best-in class growth with national footprint
Adani Portfolio: Best-in class growth with national footprint All figures in INR cr Predictable, high and rising free cash flow National footprint with deep coverage Tax paid EBITDA Finance cost paid 92,943 CAT (FFO) 65,016 (74%) EBITDA 24,870 12,784 AEL (51%) 22,819 APSEZ (21%) Adani’s Core Infra.
Slide 36: Adani Portfolio: Repeatable, robust & proven transformative model
Adani Portfolio: Repeatable, robust & proven transformative model of investment DEVELOPMENT1 OPERATIONS CONSUMERS 2 New C.E.O. Adani Infra (India) Limited | Cemindia Projects Ltd. | PSP Projects Ltd. Operations (AIMSL) Consumer I Employees I Other Stakeholders Origination Site Development Constructi
Slide 37: About Total Group
adani Gas About Total Group
Slide 38: A Global Integrated Energy Company
A Global Integrated Energy Company • TotalEnergies is a global integrated energy company that produces and markets energies: oil and biofuels, natural gas, biogas and low-carbon hydrogen, renewables and electricity. • The company is committed to provide as many people as possible with energy that is
Slide 39: Strengths
Strengths We are present across the entire 100,000+ people representing 170 We are active in about 120 value chain, from production to nationalities and 740+ professions countries distribution A diversity which is decisive for our competitiveness and attractiveness FINANCIAL PERFORMANCE $15.8 bn 15.
Slide 40: Annexure
adani Gas Annexure
Slide 41: Infrastructure Update - incl. JV – IOAGPL
Infrastructure Update - incl. JV – IOAGPL : As on 31 Dec 2025 CNG Stations Steel Network in Inch-Km 1000 25 New CNG 610 Steel IK stations added network were 1095 1120 in Q3FY26 27021 added in Q3FY26 600 26411 200 30-Sep-25 31-Dec-25 30-Sep-25 31-Dec-25 PNG Connections No of Households (Lakhs) No of
Slide 42: Income Statement Summary – Standalone (INR Cr)
ATGL Key Financials : Income Statement Summary – Standalone (INR Cr) Quarter Ended Nine months ended Year Ended Particulars 31-Dec-25 30-Sep-25 31-Dec-24 31-Dec-25 31-Dec-24 31-Mar-25 Revenue from Operations 1631 1569 1397 4692 3950 5398 Cost of goods sold 1165 1120 991 3334 2666 3680 Operating & ot
Slide 43: Income Statement Summary – Consolidated (INR Cr)
ATGL Key Financials : Income Statement Summary – Consolidated (INR Cr) Quarter Ended Nine months ended Year Ended Particulars 31-Dec-25 30-Sep-25 31-Dec-24 31-Dec-25 31-Dec-24 31-Mar-25 Revenue from Operations 1639 1576 1401 4714 3958 5412 Cost of goods sold 1167 1122 994 3340 2671 3685 Operating &
Slide 44: ATGL: List of Location
ATGL : List of Location ATGL GAs IOAGPL GAs S.No. Geographical Area State S.No. Geographical Area State 1 Ahmedabad City and Daskroi Area Gujarat Panchkula (EAAA), Sirmaur Districts, Shimla & Solan (EAAA) 1 Haryana 2 Vadodara (part) Gujarat District 3 Surendranagar (EAAA) Gujarat 2 Chandigarh Chandi
Slide 45: Legal Disclaimer
Legal Disclaimer Certain statements made in this presentation may not be based on historical ATGL assumes no responsibility to publicly amend, modify or revise any forward- information or facts and may be “forward-looking statements,” including those looking statements, on the basis of any subsequen
Slide 46: Thank You
THANK YewU