| Company | Value | Change | %Change |
|---|
For the quarter, the company’s net profit decreased from last quarter to ₹143 crore. However, revenue for the quarter increased by 6% to ₹1,294 crore from ₹1,219 crore during the previous September quarter.
Adani Total Gas’ Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) fell by 13% to ₹264 crore, while margin narrowed by 460 basis points to 20.4% from 25% last quarter.
The company recorded a volume growth of 15% on a year-on-year basis.
Adani Total Gas increased CNG stations to 605 by adding 28 new stations during the quarter.
“ATGL maintained its growth trajectory, focusing on customer centric approach and delivering a robust operational performance with a notable 15% year-on-year increase in volume. Despite the reduced APM gas allocation, Team ATGL ensured an uninterrupted supply of CNG to our large masses of consumers by sourcing additional supplies of gas through alternative options,” said Suresh P Manglani, ED and CEO, ATGL.
“The key to us is to calibrate the end prices balancing the affordability of end consumers and other stakeholders including profitability of the Company which is evident from our growth in the volumes of 15% and EBIDTA growth of 6% for 9 months period on YoY basis. We are striving to further accelerate development of PNG and CNG infrastructure across our 34 GAs, including the recently added Jalandhar GA in Punjab,” Manglani said.
Shares of Adani Total Gas Ltd. are currently trading 3.30% lower at ₹620.30. The stock has declined over 17% on a year-to-date basis.
First Published: Jan 27, 2025 2:59 PM IST