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Adani Total Gas FY24 & Q4 Results, Overall Volume up by 15% in FY24 & 20% in Q4 FY24, Y-o-Y

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Ahmedabad, 30 April 2024: Adani Total Gas Ltd (“ATGL”), India’s leading City Gas Distribution (CGD) company, today announced its operational and financial performance for the full year (FY24) and quarter ended 31st March 2024. 

“FY24 has been a transformative year for ATGL. We delivered a robust operational and financial performance and achieved a 27% YoY EBITDA growth on the back of 15% volume growth,” said Mr. Suresh P Manglani, ED & CEO of Adani Total Gas.

“We are fully committed to India’s energy transition journey and continue to invest in creating world class infrastructure across our Geographical Areas (GAs) and diversifying into areas adjacent to our core CGD business. We are incubating new business opportunities in the areas of Compressed Biogas, EV Charging Infrastructure, and LNG for trucking and Mining (LTM). During the quarter, we commissioned the 1st phase of one of the India’s largest diversified feedstock-to-CBG plant at Barsana in Mathura and also expanded our E-Mobility footprint to 23 states. These, along with LTM are our next big growth drivers and we are steadily executing a sustainable business plan around these neo-opportunities,” he added.

Standalone Operational and Financial Highlights: 

Particulars UoM FY24 FY23 % Change
YoY
Q4 FY24 Q4 FY23 % Change
YoY
Operational Performance
Sales Volume MMSCM 865 753 15% 232 193 20%
CNG Sales MMSCM 557 459 21% 149 121 23%
PNG Sales MMSCM 308 294 5% 83 72 15%
Financial Performance
Revenue from Operations INR Cr 4,813 4,683 3% 1,257 1,197 5%
Cost of Natural Gas INR Cr 3,188 3,392 -6% 797 891 -11%
Gross Profit INR Cr 1,626 1,292 26% 461 307 50%
EBITDA INR Cr 1,150 907 27% 305 205 49%
Profit Before Tax INR Cr 882 716 23% 227 142 60%
Profit After Tax INR Cr 653 530 23% 165 104 59%

Results Commentary FY24

Capital & Leverage Position

ATGL has a healthy balance sheet with

Further, ATGL credit rating has been reaffirmed at AA- by ICRA with change in outlook to Stable from Negative.

Key ESG Highlights 

Awards & Accolades – FY24