06 Feb, EOD - Indian

SENSEX 78058.16 (-0.27)

Nifty 50 23603.35 (-0.39)

Nifty Bank 50382.1 (0.08)

Nifty IT 43020.95 (0.31)

Nifty Midcap 100 53500.85 (-1.26)

Nifty Next 50 63536.7 (-0.74)

Nifty Pharma 22009.05 (0.64)

Nifty Smallcap 100 17056.75 (-0.30)

06 Feb, EOD - Global

NIKKEI 225 39066.53 (0.61)

HANG SENG 20891.62 (1.43)

S&P 6106.25 (0.13)


Hot Pursuit News

You are Here : Home > News > Hot Pursuit News >

(24 Oct 2024, 17:57)

Adani Total Gas spurts after Q2 PAT rises 6% YoY to Rs 178 cr

Adani Total Gas rallied 7.82% to Rs 755.25 after the company’s standalone net profit increased 6.15% to Rs 178.11 crore on 11.66% jump in revenue from operations to Rs 1,315.49 crore in Q2 FY25 over Q2 FY24.


The said growth in revenue from operations was due to higher volume and sales realization.

Profit before tax was at Rs 239.88 crore in Q2 FY25, up 6.60% as against Rs 225.01 crore posted in Q2 FY24.

EBITDA rose 8% YoY to Rs 313 crore in Q2 FY25, supported by volume growth due to infrastructure expansion and operational efficiency.

Total sales volume jumped 15% to Rs 242 million metric standard cubic metric (MMSCM) in Q2 FY25 as against 211 MMSCM in Q2 FY24.

Compressed natural gas (CNG) sales increased 19% YoY to Rs 162 MMSCM while piped natural gas (PNG) sales rose 7% YoY to Rs 80 MMSCM during the period under review.

In September’24, ATGL secured the largest global financing in India’s City Gas Distribution Business of $375 million to accelerate network infrastructure development program.

During Q2FY25, company added 18 new CNG stations increasing the number to 577. The company has commissioned its first liquefied natural gas (LNG) retail outlet in Tiruppur, while two more are under construction in Dahej and Mundra.

On half year basis, the company’s standalone net profit increased 12.59% to Rs 355.20 crore on 10.36% rise in revenue to Rs 2,552.59 crore in H1 FY25 over H1 FY24.

Suresh P Manglani, ED & CEO of Adani Total Gas, said, “ATGL has reported healthy operational and financial performance during the quarter. Our business is closely aligned with India’s energy transition goals which we are delivering by providing cleaner and greener energy solutions to all our consumers. We now reach over 9 lakh consumers through our piped gas network supplying uninterrupted piped natural gas.

We have commissioned our first LNG station for the transportation segment and progressing towards covering key highway networks aiding India’s decarburization march. Following the recent reduction in APM gas allocation, which caters to auto CNG and home PNG consumers, we are closely monitoring the situation and given our diversified gas sourcing portfolio, we will ensure a calibrated pricing approach to balance the interest of our consumers”

Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector.

More News
More Company News View Company Information

Capital Market Publishers India Pvt. Ltd

401, Swastik Chambers, Sion Trombay Road, Chembur, Mumbai - 400 071, India.

Formed in 1986, Capital Market Publishers India Pvt Ltd pioneered corporate databases and stock market magazine in India. Today Capitaline corporate database cover more than 35,000 listed and unlisted Indian companies. Latest technologies and standards are constantly being adopted to keep the database user-friendly, comprehensive and up-to-date.

Over the years the scope of the databases has enlarged to cover economy, sectors, mutual funds, commodities and news. Many innovative online and offline applications of these databases have been developed to meet various common as well as customized requirements.

While all the leading institutional investors use Capitaline databases, Capital Market magazine gives access to the databases to individual investors through Corporate Scoreboard. Besides stock market and company-related articles, the magazine’s independent and insightful coverage includes mutual funds, taxation, commodities and personal finance.

The power of the database is harnessed by our fired-up reporters to generate interesting ideas. The reader-friendly presentation of the idea, supplemented by relevant data and information, can be accessed online through Capita Telefolio and Telefolio Gold. These ideas are used by individual investors as well as institutional investors to do further research and stay ahead.

Copyright @ Capital Market Publishers India Pvt.Ltd

Designed, Developed and maintained by CMOTS Infotech (ISO 9001:2015 Certified)

Site best viewed in Internet Explorer Edge ,   Google Chrome 115.0.5790.111 + ,   Mozilla Firefox 115.0.3 + ,   Opera 30.0+, Safari 16.4.1 +