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