Adani Total Gas Q1 FY22 Results: Net profit jumps three-fold to Rs 138 cr in June quarter
- Revenue from Operations – INR 522 Cr increase of 153%
- EBITDA – INR 215 Cr increase of 151%
- CNG Stations increased to 224
Operational Highlights Q1FY22 (Standalone) Y-o-Y:
- CNG Stations increased to 224, with commissioning of 7 New CNG Stations
- PNG Home Connection increased to 88 Lacs with addition of 9,223 new connection
- Industrial & Commercial connection increased to 5,065 with addition of 99 new Industrial and Commercial connection
- Completed 2873 Inch Km of Steel Pipeline in New GA allotted in 9th and 10th round
- Combined CNG and PNG volume of 140 MMSCM, rise of 118%
- Combined Exit Volume on 30th June 2021 reached to 79 MMSCMD, thus signifying significant recovery in volume ahead of Q2FY22
Financial Highlights Q1 FY22 (Standalone) Y-o-Y:
- Revenue from Operations increased by 153% to INR 522 Cr
- EBITDA increased by 151% to INR 215 Cr
- PBT increased by 196% to INR 185 Cr
- PAT increased by 199% to INR 138 Cr
Consolidated PAT
- Consolidated PAT increased by 266% to INR 143 Cr
Ahmedabad, August 4, 2021: Adani Total Gas Limited (“ATGL”), one of India’s leading private companies in the gas utility sector in India announced today its operational and financial performance for the first quarter ended 30th June 2021.
Commenting on the quarter result of the Company, Mr. Gautam Adani, Chairman, Adani Group said, “The intent of both the Adani Group and TotalEnergies is to rapidly establish an energy portfolio that continues to get greener – and gas is a critical component of this mix. ATGL’s strong performance is yet again a manifestation of this intent and we are strongly positioned to continue to significantly expand our CGD networks across all geographical areas. We realize that the on-ground situation has been challenging and, in this context, I am proud of the resilience demonstrated by our frontline employees. Each of them truly represents our joint belief in nation building.”
Standalone Operational and Financial Highlights:
Mr. Suresh P Manglani, CEO of Adani Total Gas said, “Despite the severe onslaught of the Covid-19 pandemic across India, ATGL has delivered an excellent performance for Q1FY22 on all fronts – by its volume growth, infrastructure growth, financial results and by safely running operations on a 24×7 basis. This testifies to our strong foundations and continued growth, which are helping us to provide PNG to every home and to commercial and industrial consumers, and CNG to large masses of transport consumers. Besides growing core business, ATGL is now focusing on adopting and implementing strong ESG practices. Our long-term strategy is aligned with global best practices in the realm of sustainability while providing unhindered service to our consumers and creating value for all our stakeholders.”
About Adani Total Gas
Adani Total Gas Limited 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. Given its gas distribution mandate catering to 38 Geographical Areas (GAs) which accounts for 8% of India’s population, ATGL plays a significant role in the nation’s efforts in enhancing the share of natural gas in its energy mix. Of these 38 GAs, 19 are managed by ATGL and the rest are managed by Indian Oil-Adani Gas Private Limited (IOAGPL) – a 50:50 joint venture between Adani Total Gas Limited and Indian Oil Corporation Limited.
