Adani Total Gas reports strong H1 FY26 performance, credit rating upgrade

Adani Total Gas Limited (ATGL) reported a strong financial performance for the half year ended September 30, 2025, with standalone revenue from operations increasing by 20% year-over-year to INR 3,060 crore. Consolidated profit after tax (PAT) stood at INR 329 crore, with standalone PAT at INR 324 crore. Operational highlights include a 16% increase in combined compressed natural gas (CNG) and piped natural gas (PNG) volume to 547 MMSCM, with CNG stations expanding to 662 and PNG home connections surpassing 1 million. The steel pipeline network also grew to 14,524 inch-km.

In a significant development, ATGL’s external credit rating was upgraded by ICRA to AA+ (Stable) from AA (Stable). CARE and Crisil Ratings also assigned fresh AA+/Stable ratings to ATGL’s bank facilities, reflecting a positive outlook on the company's expanding scale, strong parentage, and robust financial profile.

Additionally, ATGL’s subsidiary, Adani TotalEnergies E-mobility Limited (ATEL), expanded its EV charging footprint to 4,209 points across 26 states/union territories and 226 cities, increasing installed capacity to approximately 42 MW. Adani TotalEnergies Biomass Limited (ATBL) sold 804 tonnes of compressed biogas (CBG) in H1 FY26 and launched its 'Harit Amrit' fermented organic manure brand, marking regional growth. The board also approved the appointment of K. Jairaj as an additional director.