Adani Total Gas Ltd. · NSE:ATGL
Adani Total Gas — Q2 FY26 Earnings Presentation
46 slides from Adani Total Gas's earnings presentation, Oct 29, 2025
Slide 1: Submission of Media Release and Investor Presentation cover letter
October 28, 2025 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 Dear Sir, Sub: Submission of Media Release and Investor Presentation on Unaudited Finan
Slide 2: Adani Total Gas Q2 & H1FY26 Results
Media Release Adani Total Gas Q2 & H1FY26 Results Q2FY26 Volume up 16% YoY CNG network increases to 662 stations PNG households crossed a million mark, hits 1.02 million homes Q2FY26 and H1FY26 EBITDA stood at INR 302 Crs and INR 603 cr ATGL Shines at PNGRB Awards with Triple Recognition in CGD Indu
Slide 3: Credit rating, e-mobility, biomass and financial highlights
Upgradation in External Credit Rating: ➢ ICRA has upgraded rating to AA+ (Stable) from AA (Stable) on dated July 30, 2025 Assignment of Fresh External Credit Rating: ➢ CARE has assigned its AA+/Stable ratings to the bank facilities of Adani Total Gas Ltd (ATGL) dated August 08, 2025 ➢ Crisil Ratings
Slide 4: Media release: ATGL announces Q2 and H1 FY26 performance
Ahmedabad, 28th October 2025: 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 quarte
Slide 5: Infrastructure Performance and Standalone Financial Highlights
Infrastructure As on 30 Sep’ H1 Q2 UoM Performance 25 Additions Additions CNG Stations Nos. 662 15 12 MSN (IK) Nos. 14524 752 327 Domestic-PNG Nos. 1,015,955 53,287 26,418 Commercial -PNG Nos. 6,587 246 121 Industrial-PNG Nos. 3,016 58 26 Operations Commentary – Q2FY26 • CNG Volume increased by 18%
Slide 6: Awards & Accolades and About Adani Total Gas
• Despite an increase in exchange rate and higher gas costs, ATGL delivered increase in volume through calibrated pricing strategy and Opex optimization, delivering an EBITDA of INR 302Crs in Q2FY26. Awards & Accolades ATGL won three PNGRB Awards for its work in city gas distribution out of which tw
Slide 7: Adani Total Gas Limited Q2 & H1FY26
STRENGTH WITH RESILIENCE Adani Total Gas Limited CGD | e-Mobility | Biomass Q2 & H1FY26 Earnings Presentation
Slide 8: Contents
Contents 01 Executive Summary ATGL – Operational and Financial Performance – H1 & 02 Q2FY26 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 –H1FY26 – Y-o-Y
Operational and Financial Highlights –H1FY26 – Y-o-Y CGD - Operational Highlights ➢ CNG Stations increased to 662, Added 15 CNG stations, with 129 being CODO/DODO stations ➢ Steel pipeline network increased to ~ 14,524 inch-km ➢ Crossed 1 million+ PNG Home Connection, 53,287 homes connected to PNG ➢
Slide 11: ATGL – Operational and Financial Performance – H1FY26
02 ATGL – Operational and Financial Performance – H1FY26 55 ADANI TOTAL GAS LIMITED
Slide 12: Infrastructure Update: As on 30 Sept 2025
Infrastructure Update : As on 30 Sept 2025 CNG Stations Steel Network in Inch-Km 12 CNG station ~327 Inch – Km added in pipeline in Q2FY26 Q2FY26 and 15 14524 and ~ 752 added in 650 662 14197 in H1FY26 H1FY26 30-Jun-25 30-Sep-25 30-Jun-25 30-Sep-25 Break up of CNG Stations PNG Connections Commercial
Slide 13: Volume & Gas Sourcing –H1FY26 - Y-o-Y
Volume & Gas Sourcing –H1FY26 - Y-o-Y Volume in MMSCM Gas Sourcing Update CNG 376 PNG 171 315 157 19% • Portfolio diversification and Recalibration 9% through long term agreements: ❖ Brent linked contracts added in the portfolio ~14% of the portfolio ❖ HPHT volumes from IGX on priority H1FY25 H1FY26
Slide 14: Key Financials –H1FY26 - Y-o-Y
Key Financials –H1FY26 - Y-o-Y All Fig in INR Crs Revenue from Operations EBITDA 3060 Y-o-Y Comparison 3% ➢ Revenue from operations rose by 20% on 2553 20% account of higher volume preliminary on CNG segment. 621 603 ➢ Besides higher volume, the gas cost increased by 30% largely due to the lower all
Slide 15: Key Financials – Healthy Balance Sheet - H1FY26
Key Financials – Healthy Balance Sheet - H1FY26 - Y-o-Y All Fig in INR Crs Net Fixed Assets Gross Debt 1921 ➢ ATGL continues to grow its 5527 5266 1746 INR 175 infrastructure asset base and has Crs INR 261 Crs added over INR 261 Crs to INR 5527 Crs while debt has increased by INR 175 Crs ➢ ATGL has
Slide 16: Volume & Financials –Q2FY26 - Y-o-Y
Volume & Financials –Q2FY26 - Y-o-Y All Fig in INR Crs Volume in MMSCM Revenue From Operations EBITDA CNG 191 313 302 162 3% 18% 19% 1569 1315 Q2FY25 Q2FY26 Q2FY25 Q2FY26 Q2FY25 Q2FY26 CNG Volume has increased by 18% Y-o-Y with network expansion of CNG stations PBT PAT 240 178 89 9% 80 PNG 9% 162 21
Slide 17: Sustainable Business Update
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 804 MT of CBG was sold in H1FY26, 4209 CPs (CPs) including 357 tons to CBG DODO station. • In H1FY26, Manure (Incl Digestate) sales achieved Installed Capacity ~42 MW 2,38
Slide 19: ESG Framework & Sustainability Update – Q2FY26
04 ESG Framework & Sustainability Update – Q2FY26 13 13 ADANI TOTAL GAS LIMITED
Slide 20: ATGL: Sustainability Initiatives – Environment, Social & Governance
ATGL: Sustainability Initiatives – Environment, Social & Governance Target for Achievement in Q2 Initiatives FY 2025-26 Sustain 100% decarbonization • Total 630+ HCV fleets running on low Decarbonization of fleets of fleet carbon fuel. • Installed rooftop solar plants with a Solarization 2.0 MW tota
Slide 21: ATGL: Sustainability Updates
ATGL: Sustainability Updates ATGL’s Flagship HSE Program: Adani Foundation Vision Care Awards & Accolades Samarthan 4.0 Program HSE Award • System to assess and improve Business • In vision care program, target for FY • Bhandara, Gadchiroli GA – Leader Partners and Geographical Areas 2025-26 will be
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: Rating Updates
Rating Updates Rating Updates ATGL has recently expanded its coverage by initiating ratings from two new rating agencies: CARE Ratings: Newly initiated; Crisil Ratings: Newly initiated; Long Term Short Term Long Term Short Term Bank Facilities Bank Facilities Bank Facilities Bank Facilities AA+ A1+
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 ATGL receives 37.4% Adani Total 37.4% approval from 53* 125 Gas PNGRB for transfer of Authorization of GAs Districts Covered Jalandhar District. 34 14 % 15 % Population Area covered# LNG for Core CGD Trucking & Business Mining 1
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 Video Contact Center Self-Help KIOSK 2.0 Remote interaction, carbon reduction Eco-friendly, UPI-enabled 98.5% Digital Payments Digital Satisfaction Survey BBPS (GPay, Amazon pay, etc.), App, Website 87% CSAT (14 GAs), real-time feedback 1M+ Self-Bi
Slide 32: ATGL: Promoter’s Overview
08 ATGL: Promoter’s Overview 26 ADANI TOTAL GAS LIMITED
Slide 33: About Adani Group
adani 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%) (65.89%) (67.64%)3 AEL AGEL APL APSEZ Ports & Logi
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 89,806 CAT (FFO) 66,527 (74%) EBITDA 24,870 AEL 12,784 APSEZ (51%) Adani’s Core Infra. 18,711 AGEL P
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: TotalEnergies 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 30 Sept 2025 CNG Stations Steel Network in Inch-Km 17 New CNG 582 Steel IK stations added network were 1078 1095 in Q2FY26 25829 26411 added in Q2FY26 30-Jun-25 30-Sep-25 30-Jun-25 30-Sep-25 PNG Connections No of Households (Lakhs) No of Industrial C
Slide 42: ATGL Key Financials: Income Statement Summary – Standalone
ATGL Key Financials : Income Statement Summary – Standalone (INR Cr) Quarter Ended Half Year Year Ended Particulars 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24 31-Mar-25 Revenue from Operations 1569 1491 1315 3060 2553 5398 Cost of goods sold 1120 1049 871 2169 1675 3680 Operating & other expe
Slide 43: ATGL Key Financials: Income Statement Summary – Consolidated
ATGL Key Financials : Income Statement Summary – Consolidated (INR Cr) Quarter Ended Half Year Year Ended Particulars 30-Sep-25 30-Jun-25 30-Sep-24 30-Sep-25 30-Sep-24 31-Mar-25 Revenue from Operations 1576 1498 1318 3075 2557 5412 Cost of goods sold 1122 1052 872 2173 1677 3685 Operating & other ex
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