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
Adani Total Gas announced Q3FY23 results: Standalone 9MFY23: Revenue from operations increased by 63% to Rs 3,486 crore EBITDA of Rs 702 crore Reported PBT of Rs 574 crore Reported PAT at Rs 426 crore Consolidated PAT 9MFY23: PAT at Rs 449 crore. “During the quarter, ATGL has delivered a good performance with its calibrated approach despite the high input gas price scenario. While gas sector has been seeing volatility in prices due to geopolitical issues, we have seen a moderation in international gas prices in recent weeks. We are confident that this, coupled with the increase in domestic gas supply and expected increased allocation to the CGD sector, will drive increased demand across both PNG and CNG segments,” said Suresh P Manglani, CEO of Adani Total Gas. ”Further, in line with our strategy on acceleration and to boost ecosystem for PNG and CNG in new Geographical Areas (GAs), we have already completed minimum work program for FY24 towards the steel pipeline network in 11 out of 15 of our Geographical Areas awarded in 9th and 10th Round and working with a virtual pipeline in the balance GAs. Similarly, we have also completed the CNG stations required for minimum work program for FY24 in 14 Geographical Areas out of 15 Geographical Areas, for 9th and 10th round GAs to develop an ecosystem in these Geographical Areas”. Result PDF
Adani Total Gas announced Q2FY23 results: H1FY23 (Standalone) YoY: Revenue from Operations increased by 90% to Rs.2,301 crore EBITDA of Rs.464 crore Reported PBT of Rs.373 crore Reported PAT at Rs.277 crore Consolidated (PAT): Consolidated PAT at Rs.298 crore “ATGL continued with full vigour and resilience in significantly augmenting and investing in creating backbone CGD infrastructure across all its Geographical Areas with crossing 6.25 lakh PNG Home Connections mark, the crossing of 10,000 inch-km of steel pipeline, enhancing PNG supplies to 6,088 businesses/industries and enhancing CNG footprint to 367 stations,” said Mr. Suresh P Manglani, CEO of Adani Total Gas. Result PDF
Adani Total Gas announced Q1FY23 results: Operational: Commissioned 15 New Stations, total CNG Stations now increased to 349 Added 32,224 new connections, total PNG home at 5.96 lakhs Industrial & Commercial connections increased to 5,885 with 209 new Industrial and Commercial connections Completed 6,086 Inch Km of Steel Pipeline in New GAs allotted in 9th and 10th rounds Combined CNG and PNG volume of 183 MMSCM, increase of 31% Financial: Revenue from Operations increased by 113% to INR 1,110 Cr EBITDA of Rs 228 crore, up by 6% Reported PBT of Rs 185 crore Reported PAT at Rs 138 crore “It has been a challenging scenario for the CGD industry with significantly high input gas prices mainly due to geopolitical factors as well as supply shortages across the globe, which are likely to continue in the near future. ATGL has calibrated increase in its sales price balancing the interest of its consumers with the sudden spurt in gas prices.” said Mr Suresh P Manglani, CEO of Adani Total Gas. “Team ATGL has been resilient in delivering on infrastructure front by crossing 6 lakhs PNG consumers and added another 15 CNG stations, totalling to 349 CNG stations across all our locations. On the financial front, with 31% growth in volumes ATGL was able to sustain its profitability number by optimizing its opex. ATGL has been focussing on creating infrastructure so that it can be future ready to serve its large consumer base and contribute towards the nation’s journey to a gas-based economy.” Result PDF
Adani Total Gas declares Q4FY22 result: Revenue from Operations - INR 3,206 Cr - increase of 80% EBITDA - INR 815 Cr - up by 9% CNG stations increased to 334 Operational Highlights FY22 (Standalone): Commissioned 117 New Stations, total CNG Stations now increased to 334. ATGL footprint has increased to 550 CNG stations along with its JV-IOAGPL Added 85,840 new connections, total PNG home connections surpassed 5.6 lakh mark (5.64 lakh) Industrial & Commercial connections increased to 5,676 with 710 new Industrial and Commercial connections Completed 5,284 Inch Km of Steel Pipeline in New GAs allotted in 9th and 10th rounds Combined CNG and PNG volume of 697 MMSCM, increase of 35% Financial Highlights FY22 (Standalone) YoY: Revenue from Operations increased by 80% to INR 3206 Cr EBITDA of INR 815 Cr, up by 9% Reported PBT of INR 679 Cr, up by 8% Reported PAT at INR 505 Cr, up by 7% Consolidated PAT at INR 510 Cr, up by 10% Other Key updates: Board has approved formation of two SPVs for E-Mobility and Bio businesses. Board has recommended a dividend of 25% of face value of Re. 1/- each fully paid up for the Financial Year 2021-22, subject to approval by shareholders of the Company. ATGL has set up its first EV charging station in Ahmedabad 14 new GAs awarded in the 11th Round of bidding, totalling to 52 GAs including the 19 GAs of its JV company, IOAGPL MyAdaniGas App launched, to provide increased convenience and digital touch point to its consumers “In spite of challenging global circumstances with gas prices at an all-time high, local constraints on the supply of R-LNG and a shortfall in APM gas, Team ATGL has once again delivered a resilient performance both by adding 117 CNG stations and by generating our highest annual consolidated PAT of INR 510 Cr,” said Mr Suresh P Manglani, CEO of Adani Total Gas. “The award of 14 new Geographical Areas expands ATGL’s coverage to 124 districts touching 14% of the population. This will aid in taking the momentum further forward of building city gas distribution infrastructure on a panIndia basis and provide ATGL the opportunity to serve a larger consumer base in the coming years. Further, as part of a dedicated business strategy, the board has approved the formation of two separate SPVs for E-Mobility and Bio businesses. This will be immensely advantageous considering that ATGL and its promoters have a strong infrastructure and utility presence across India.” Result PDF