Non-Electrical Utilities company Adani Total Gas announced Q1FY25 results: Consolidated: Consolidated PAT at Rs 172 crore, increased by 14% YoY Standalone: Revenue from Operations at Rs 1,237 crore, increased by 9% EBITDA of Rs 308 crore, increased by 21% PAT at Rs 177 crore, increased by 20% Operational Highlights: CNG Stations now increased to 559, added 12 new CNG Stations Total PNG home at 8.58 lakh, added 38,165 new homes on PNG Industrial & Commercial connections at 8,542 added 211 new consumers Completed ~ 12,244 Inch Km of Steel Pipeline Combined CNG and PNG volume of 230 MMSCM, increase of 17%, YoY Suresh P Manglani, ED & CEO of Adani Total Gas, said: “It has been a good start for FY25 as ATGL delivered a robust operational and financial performance by achieving a 21% YoY EBITDA growth on the back of 17% volume growth,” “During the quarter, ATGL received approval from regulator for the transfer of Letter of Authorization for Jalandhar Geographical Area (GA) which provides high volume growth opportunity to the Company. We have also crossed a significant milestone of 1000+ EV charging points, reaching 1212 EV charging points across multiple locations. “We continue to see more traction on natural gas as we further build CGD infrastructure and penetrate deeper across multiple GAs. With newer sustainable energy in form of E-mobilty, LNG and Biomass, we remain fully committed to provide a sustainable energy platform to our consumers and playing a leading role in the country’s energy transition journey.” Result PDF
Non-Electrical Utilities company Adani Total Gas announced Q4FY24 & FY24 results: FY24 Financial Highlights: Revenue from Operations at Rs 4,813 crore EBITDA of Rs 1,150 crore, increased by 27% PAT at Rs 653 crore, increased by 23% Consolidated PAT at Rs 668 crore, increased by 22% Q4FY24 Financial Highlights: Revenue from Operations at Rs 1,257 crore EBITDA of Rs 305 crore, increased by 49% PAT at Rs 165 crore, increased by 59% 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. Result PDF
Non-Electrical Utilities company Adani Total Gas announced Q3FY24 & 9MFY24 results: Standalone Q3FY24: Revenue from Operations at Rs 1,243 crore EBITDA of Rs 301 crore, increased by 26% PBT of Rs 231 crore, increased by 15% PAT at Rs 172 crore, increased by 16% Standalone 9MFY24: Revenue from Operations at Rs 3,556 crore EBITDA of Rs 846 crore, increased by 20% PBT of Rs 655 crore, increased by 14% PAT at Rs 488 crore, increased by 15% “With the expansion of CGD infrastructure, together with seizing opportunity in the areas of emobility, biomass, and LNG for Transport & Mining (LTM), ATGL has once again delivered a double-digit growth in volumes of 13% Y-o-Y on nine monthly basis. The rise in volume coupled with efficient gas sourcing and an ‘eye’ on opex has led to an increase in EBIDTA by 20% YoY in nine months. Company’s present priority is to focus on providing easy access to natural gas in the form of PNG and CNG by fast-tracking the infrastructure development in all our Geographical Areas,” said Suresh P Manglani, ED & CEO of Adani Total Gas. He added, “With our consumer-centricity approach, apart from e-mobility and biomass (CBG) we are now also embarking upon LNG for Transport & Mining (LTM). ATGL will provide decarbonizing solutions for various entities and help in reducing carbon footprint. Our strategy will be to offer a wider range of cleaner energy fuel to all our consumers”. Result PDF
Non-electrical Utilities company Adani Total Gas announced Q2FY24 & H1FY24 results: Standalone Q2FY24: Revenue from Operations at Rs 1,178 crore EBITDA of Rs 290 crore, increased by 23% Reported PBT of Rs 225 crore, increased by 20% Reported PAT at Rs 168 crore, increased by 20% Standalone H1FY24: Revenue from Operations at Rs 2,313 crore EBITDA of Rs 545 crore, increased by 17% Reported PBT of Rs 424 crore, increased by 14% Reported PAT at Rs 315 crore, increased by 14% Consolidated PAT of H1FY24 at Rs 323 crore, increased by 8% CNG Stations now increased to 483, added 23 New CNG Stations Total PNG home at 7.56 lakh, added 51,801 new homes Industrial & Commercial PNG connections increased to 7,849 added 414 new consumers Completed ~ 11,448 Inch Km of Steel Pipeline Combined CNG and PNG volume of 409 MMSCM, an increase of 9% ATGL has shown continuance of all round strong performance in our core CGD business. The volumes have increased by 9% during the first half year of this financial year resulting in an increase of EBITDA by 17% to Rs 545 crore. The company is continuing its focus on building PNG and CNG infrastructure across all its Geographical Areas to extend easy access of PNG and CNG giving boost to adaptation of natural gas as a fuel of their choice by the large numbers of PNG and CNG consumers.” said Suresh P Manglani, ED & CEO of Adani Total Gas. Result PDF
Non-Electrical Utilites company Adani Total Gas announced Q1FY24 results: CNG Stations now increased to 467, added 7 New CNG Stations Total PNG home at 7.28 lakh, added 23,928 new homes on PNG Industrial & Commercial connections increased to 7,615 adding 180 new consumers Completed ~ 11,124 inch km of Steel Pipeline Combined CNG and PNG volume of 198 MMSCM, an increase of 8% Revenue from Operations at Rs 1,135 crore EBITDA of Rs 255 crore, increased by 12% Reported PBT of Rs 199 crore, increased by 7% Reported PAT at Rs 148 crore, increased by 7% 141 EV charging points have been commissioned at 40 locations “At the beginning of the quarter effective April 2023, the CGD industry saw key support from the Government of India notifying the stability of APM prices with floor and cap which helped ATGL to reduce the prices of PNG and CNG making it more affordable for end consumers to opt for cleaner fuel as their preferred choice. Despite challenges emerging from softening of alternate fuels, Team ATGL achieved excellent physical and financial results with a significant increase in infrastructure reach, augmentation of volume, and highest-ever EBIDTA. With the continued constructive policy support to the CGD industry coming from Government, we are confident the further growth in infra numbers and volume shall gain momentum in spreading the CGD network across all our 33 Geographical Areas,” said Suresh P Manglani, ED & CEO of Adani Total Gas. He added, “With the consumer-centricity approach, we have expanded our horizons by increasing our reach/footprint in core CGD business and beyond natural gas through setting up EV charging stations, converting waste to CBG and exploring to set up LNG stations for long haul heavy vehicles, offering a wider range of sustainable energy solutions to all our consumers.” Result PDF
Non-electrical Utilities company Adani Total Gas announced FY23 results: Revenue from Operations increased by 46% to Rs 4,683 crore EBITDA of Rs 907 crore Reported PBT of Rs 716 crore Reported PAT at Rs 530 crore Consolidated PAT at Rs 546 crore ATGL has a Healthy Balance Sheet with The debt-to-equity ratio at 0.47x Net Debt to EBITDA is at 1.11x “ATGL has shown resilience and delivered a good all-round performance both on physical infrastructure and financial front despite high gas prices throughout the year. The fast-track development of steel pipeline and CNG stations has helped in croreeating natural gas ecosystem in geographical areas where we are present and will now help in connecting PNG consumers going forward. To provide wider energy offerings to consumers, ATGL, through its SPVs have forayed into E-mobility and Bio-. This SPVs, in next 12-18 months will be croreeating over 3000 EV charging points and build one of the India’s largest Biogas plant in Uttar Pradesh, whose work is in full swing.” said Suresh P Manglani, Executive Director & CEO of Adani Total Gas. “ATGL appreciates the Government of India’s decision on approving the ceiling and floor price on domestic gas, which will ensure stability in domestic gas price. Further, ATGL has passed on the benefit to the end consumers. We are confident that this, coupled with the softening of R-LNG prices, will drive increased demand across both PNG and CNG segments and ATGL will play pivotal role in achieving government vision in moving towards gas-based economy.” Result PDF