Adani Total Gas Q3: Profit dips 3% QoQ; revenue inches up, margins flat

Adani Total Gas on Thursday, January 22, reported its Q3FY26 numbers, posting a slightly lower net profit of ₹158.6 crore, down 3.3% from ₹164 crore in the previous quarter.

Revenue for the third quarter grew 4% to ₹1,639 crore from ₹1,576 crore, while EBITDA rose 3.6% to ₹305 crore from ₹294.7 crore. Margins remained steady at 20.3%, reflecting consistent operational efficiency.

The quarter also reflected the impact of India’s recently enacted labour codes, which consolidated 29 existing labour laws

into four unified frameworks effective from November 21, 2025. While the supporting rules for these codes are yet to be notified, the company has estimated the financial impact and recognised exceptional costs of around ₹7.2 crore in the quarter.

The exchange filing stated that Adani Total Gas continues to monitor developments related to the labour codes and will reassess the impact on employee benefit liabilities as further guidance emerges.

Shares of Adani Total Gas ended higher on Thursday, January 22, by 4.33% at ₹551 on the NSE.

Also Read: Adani Energy Solutions Q3: Profit slips; revenue up 15%, smart meters near 1 crore by FY26-end