- EBITDA – Rs 673 Cr – up by 28%
- CNG stations increased to 287
- Exit volume increased to 2.20 MMSCMD
Operational Highlights 9M FY22 (Standalone):
- Commissioned 70 New Stations, total CNG Stations now increased to 287
- Added 52,611 new connections, total PNG home connections surpassed 5.3 lakh mark (5.31 lakh)
- Industrial & Commercial connections increased to 5,453 with 487 new Industrial and Commercial connections
- Completed 4,285 Inch Km of Steel Pipeline in New GAs allotted in 9th and 10th rounds
- Combined CNG and PNG volume of 507 MMSCM, increase of 45%
- Combined Exit Volume increased to 20 MMSCMD in Q3 FY22
Financial Highlights 9MFY22 (Standalone) Y-o-Y:
- Revenue from Operations increased by 83% to Rs 2,141 Cr
- EBITDA of Rs 673 Cr, up by 28%
- Reported PBT of Rs 576 Cr, up by 31%
- Reported PAT at Rs 429 Cr, up by 31%
Consolidated PAT
- Consolidated PAT at Rs 428 Cr, up by 34%
Other key updates
- ATGL wins 14 new Geographical Areas comprising 56 districts in 11th Round of CGD Bidding conducted by PNGRB. This makes ATGL India’s largest CGD player.
- Under ESG program, ATGL has launched ’Greenmosphere’, a unique initiative that aims to create a Low Carbon Society (LCS) through community collaboration. ATGL will undertake intensive plantations, bring in awareness of LCS in schools/colleges and carry out energy audits. https://www.adanigas.com/greenmosphere
Ahmedabad: Adani Total Gas Ltd (“ATGL”), India’s leading City Gas Distribution company, announced today its operational and financial performance for the third quarter and nine months ended 31 December 2021.
Standalone Operational and Financial Highlights:
| Particulars | UoM | 9M FY22 | 9M FY21 | % Change YoY |
Q3 FY22 | Q3 FY21 | % Change YoY |
| Operational Performance | |||||||
| Sales Volume | MMSCM | 507 | 349 | 45% | 192 | 153 | 25% |
| CNG Sales | MMSCM | 260 | 152 | 71% | 101 | 68 | 47% |
| PNG Sales | MMSCM | 248 | 197 | 26% | 91 | 85 | 7% |
| Financial Performance | |||||||
| Revenue from Operations | Rs Cr | 2,141 | 1,170 | 83% | 932 | 522 | 78% |
| EBITDA | Rs Cr | 673 | 525 | 28% | 211 | 222 | -5% |
| Profit before Tax [Before Exceptional Item] |
Rs Cr | 576 | 450 | 28% | 177 | 195 | -9% |
| Exceptional Item* | Rs Cr | – | 10 | – | – | ||
| Profit before Tax | Rs Cr | 576 | 440 | 31% | 177 | 195 | -9% |
| Profit After Tax | Rs Cr | 429 | 327 | 31% | 132 | 145 | -9% |
*During the quarter ended on 30-Sep-20 the Company received an order dated 28 August 2020 from the Hon’ble Supreme Court of India with respect to Service Tax liability on gas connection income pertaining to FY 2008-09.
Results Commentary 9MFY22 – Y-o-Y
- CNG Volume has increased by 71% on account of addition of new CNG stations and strong recovery of economic activity
- PNG Volume has increased by 26% due to addition of new customers and recovery of economic activity
- Increase of Revenue by 83% on account of higher volume coupled with increase in sales price
- EBITDA increased by 28% on account of strong operational performance
- For Q3 FY22, despite significant increase in the R-LNG prices, APM gas price and lower allocation of APM gas, the company registered EBITDA of Rs 211 Cr as against EBIDTA of Rs 222 Cr during the corresponding quarter of previous year.
“It is heartening to receive Letters of Intent (LOIs) from PNGRB for winning 14 new Geographical Areas in the 11th Round CGD,” said Mr Suresh P Manglani, CEO of Adani Total Gas. “This makes ATGL India’s leading CGD player and enables us to continue playing a key role in realising India’s vision to enhance the share of natural gas in its energy basket from 7.6% to 15% by 2030. In Q3 FY22, despite a significant increase in gas prices and lower allocation of APM gas, Team ATGL has again delivered an excellent financial and operational performance with EBIDTA of Rs 211 Cr, addition of 43 new CNG stations, surpassing of 5.3 lakh PNG home connections and connecting to 5,453 PNG industrial and commercial consumers. Overall, it has been yet another outstanding quarter for ATGL.”