India's Adani Total Gas posts quarterly profit rise on demand boost

Adani Total Gas

27/04/2026 15:30

April 27 (Reuters) - India's Adani Total Gas ADAG.NS reported a rise in fourth‑quarter profit on Monday, supported by higher compressed natural gas demand and steady growth in household piped natural gas connections, which lifted overall volumes.

The company, a joint venture of the Adani Group and French oil major TotalEnergies SE TTEF.PA, said its consolidated net profit rose about 9% to 1.68 billion rupees ($17.84 million) in the three months ended March 31.

CNG sales volumes, which account for over half of total sales, rose 17% during the quarter, driven by sustained demand from the transport segment and a rise in outlets.

Piped natural gas, Adani Total's second-biggest segment, logged a 5% increase in sales volumes at 91 million standard cubic meter of gas per day.

India in March ordered faster approvals for new gas pipelines, deeming permissions granted if authorities fail to respond, helping lift household piped gas additions to about 580,000 that month from roughly 342,300 a year earlier, government data showed.

The world's most populous country has been hit hard by cooking gas supply disruptions, exposing vulnerabilities in ​its import-dependent energy system and prompting officials to take steps to manage supply and demand.

Natural gas sourcing costs for Adani Total Gas rose 17.8%, contributing to an 18% rise in its total expenses to 14.92 billion rupees.

Total revenue from operations rose 16.5% to 16.95 billion rupees.

($1 = 94.1900 Indian rupees)

 (Reporting by Devika Nair in Bengaluru; Editing by Ronojoy Mazumdar)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))