Full Earnings Call Transcript for Adani Gas - call between Management and Analysts
Opening Remarks by Management
Adani Gas has once again delivered an all-round good financial and operational performance for the quarter three and nine months period FY 2020. In the quarter three FY 2020 compared to the corresponding quarter of previous year, overall, our volume has gone by 12% to 154 million metric standard cubic meter.
Operating EBITDA grew by 46% to Rs. 156 crores and profit before tax has increased to Rs. 144 crores, which is increase of 117%. During the nine month period upgraded to December compared to the corresponding period of previous year, overall volume grew by 9% to 437 metric standard cubic meter. Operating EBITDA grew by 35% to INR 427 crores and profit before tax has increased by 65% to Rs. 391 crores.
Let me announce the result in more detail. In the third quarter of financial year 2020 CNG volume grew by 7% and PNG volume by 16%. Overall volume grew by 12% to 154 MMSCM as compared to 138 MMSCM in the corresponding period of the previous year. Revenue from operations in the quarter three rose by 7% to Rs. 519 crores versus Rs. 485 crores of year quarter. EBITDA grew by 46% Rs. 156 crores versus Rs. 107 crores of a similar period previous year.
EBITDA margin were healthy at 30%. Profit after tax for the Q3 FY 2020 has increased to Rs. 114 crores versus Rs. 46 crores in the previous quarter of the previous year. On nine month basis, our CNG volume grew by 8% and PNG volume by 11%. Overall volume grew by 9% to 437 metric standard cubic meter as against 399 metric standard cubic meter in the previous nine month period. Revenue from operations rose by 13% to Rs. 1,501 crores versus Rs. 1,329 crores of previous year. Operating EBITDA grew by 35% to Rs. 427 crores versus Rs. 315 crores is a nine month period of FY 2019.
Operating EBITDA for healthy at 28% for all nine months and profit after tax for the nine month period of April to December has increased to Rs. 314 crores, PAT Rs. 314 crores versus Rs. 153 crores of the previous year. So there is a significant increase. So or on the infrastructure part, our home connections or PNG connections are now increasing 4,20,000.
CNG stations have increased to 92. We have started operations in two more new geographical area of ninth round. So Kheda and Surendranagar we have set up CNG stations. Steel panel work is going on in full swing. Previously, earlier we have done, our operation started Palwal and Porbandar.
The remaining ninth and tenth round most of the geographical area work has started and it is going on in a full swing. And we are doing a lot of work on identification of CNG station and setting up the stations.
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