Leading city gas distribution (CGD) company Adani Total Gas has reported a robust operational and financial performance for the April-June quarter, achieving a 21% growth in EBITDA (Earnings before Interest, Tax, Depreciation, and Amortisation), amounting to Rs 308 crore. This growth was driven by a 17% increase in volume.
The company’s revenue from operations stood at Rs 1,237 crore, marking a 9% year-on-year increase. Profit after tax (PAT) saw an impressive 20% growth, reaching Rs 177 crore for Q1 FY25. The consolidated PAT was Rs 172 crore, reflecting a 14% year-on-year increase.
Adani Total Gas expanded its CNG stations to 559, adding 12 new stations in the quarter, which contributed to a 20% year-on-year rise in CNG volume due to network expansion across multiple geographical areas (GAs). The number of PNG homes reached 8.58 lakh, with an addition of 38,165 new homes. Industrial and commercial connections increased to 8,542, with 211 new consumers.
Suresh P. Manglani, ED and CEO of Adani Total Gas, highlighted the regulatory approval for the transfer of a letter of authorisation for the Jalandhar Geographical Area (GA), offering significant growth opportunities for the company.
Also read: Ola Electric Announces IPO With Price Band Of Rs 72-76, Aims To Raise Rs 5,500 Crore
The company also surpassed a significant milestone by achieving over 1,000 EV charging points, totaling 1,212 across various locations. Adani Total Gas has an EV charging presence in 15 states, with over 740 EV charging points under various stages of construction, collaborating with EV fleet companies, government authorities, tourism departments, and municipal corporations.
Manglani emphasized the company’s commitment to expanding its natural gas infrastructure and increasing penetration across multiple GAs. He also mentioned the company’s focus on newer sustainable energy forms such as e-mobility, LNG, and biomass, underlining Adani Total Gas’s dedication to providing a sustainable energy platform and contributing to the nation’s energy transition journey.
Adani Total Gas plays a significant role in enhancing the share of natural gas in India’s energy mix. The company owns 34 out of its 53 GAs, while the remaining 19 GAs are owned by Indian Oil-Adani Gas Private Limited (IOAGPL), a 50:50 joint venture between Adani Total Gas Limited (ATGL) and Indian Oil Corporation Limited.
To read more such news, download Bharat Express news apps
