Utilities company Adani Total Gas declares Q3FY22 result: Revenue from Operations - Rs 2,141 Cr - increase of 83% EBITDA - Rs 673 Cr - up by 28% CNG stations increased to 287 Exit volume increased to 2.20 MMSCMD Commissioned 70 New Stations, total CNG Stations now increased to 287 Added 52,611 new connections, total PNG home connections surpassed 5.3 lakh mark (5.31 lakh) Industrial & Commercial connections increased to 5,453 with 487 new Industrial and Commercial connections Completed 4,285 Inch Km of Steel Pipeline in New GAs allotted in 9th and 10th rounds Combined CNG and PNG volume of 507 MMSCM, increase of 45% Combined Exit Volume increased to 2.20 MMSCMD Revenue from Operations increased by 83% to Rs 2,141 Cr EBITDA of Rs 673 Cr, up by 28% Reported PBT of Rs 576 Cr, up by 31% Reported PAT at Rs 429 Cr, up by 31% Consolidated PAT at Rs 428 Cr, up by 34% “It is heartening to receive Letters of Intent (LOIs) from PNGRB for winning 14 new Geographical Areas in the 11th Round CGD,” said Mr Suresh P Manglani, CEO of Adani Total Gas. “This makes ATGL India’s leading CGD player and enables us to continue playing a key role in realising India’s vision to enhance the share of natural gas in its energy basket from 7.6% to 15% by 2030. In Q3 FY22, despite a significant increase in gas prices and lower allocation of APM gas, Team ATGL has again delivered an excellent financial and operational performance with EBIDTA of Rs 211 Cr, addition of 43 new CNG stations, surpassing of 5.3 lakh PNG home connections and connecting to 5,453 PNG industrial and commercial consumers. Overall, it has been yet another outstanding quarter for ATGL.” Result PDF
Highlights Revenue from Operations - INR 687 Cr increase of 56% EBITDA - INR 246 Cr increase of 13% CNG Stations increased to 244 Exit volume during Q2 increased to 2.09 MMSCMD from 1.79 MMSCMD in Q1 Revenue from Operations increased by 56% to INR 687 Cr EBITDA increased by 13% to INR 246 Cr PBT increased by 17% to INR 213 Cr PAT increased by 17% to INR 159 Cr Consolidated PAT increased by 18% to INR 158 Cr Commenting on the quarter result of the Company, Mr Gautam Adani, Chairman, Adani Group said, “I have very little doubt that gas will continue to play an increasingly important role in India’s energy mix. The ability to distribute gas across the nation is an essential benefit that the Adani Group and TotalEnergies will bring to the people. I’m excited about the possibilities as we move deeper and deeper into all the different Tier 2 and Tier 3 cities and provide them a cleaner fuel. Gas is also a fuel that can have a significant impact on how rural India will live in the future. We are committed to becoming a leader in this sector.” Result PDF