Adani Total Gas Ltd (ATGL) has announced its financial and operational results for the third quarter of FY25, highlighting significant revenue growth but a decline in net profit due to rising natural gas costs.
The company reported consolidated revenue of ₹1,400.88 crore for the October-December 2024 quarter, marking a 12.5% increase compared to ₹1,244 crore in the same period last year. However, the Profit After Tax (PAT) fell to ₹142.38 crore, a 19.4% decline from ₹176.64 crore recorded in Q3FY24. The decline in profit is attributed to higher costs of natural gas, driven by reduced allocation of APM gas for the CNG segment.
Operationally, ATGL achieved robust growth during the quarter. The number of CNG stations increased to 605, with the addition of 28 new stations across its 34 Geographical Areas (GAs). The company also connected 28,677 new households to its Piped Natural Gas (PNG) network, bringing the total to 9.22 lakh homes. Combined CNG and PNG volumes surged by 15% year-on-year, with CNG sales alone rising by 19%. Additionally, industrial and commercial connections expanded to 8,913 with 167 new consumers onboarded.
The company’s EBITDA for the quarter stood at ₹272 crore, reflecting a 10% decline compared to the previous year due to increased costs. Despite these challenges, ATGL maintained uninterrupted supply to customers by sourcing gas through alternative contracts and spot procurement.
Adani Total Gas continues to prioritize infrastructure expansion and sustainable growth, aiming to balance affordability for consumers with operational efficiency. The company’s focus remains on building a stronger footprint in India’s clean energy sector.
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