Adani Total Gas Q1 Results: Profit Soars 7%, Ebitda Up 10% Amidst Energy Transition Drive
Adani Total Gas Ltd., a leader in the energy transition space, has reported impressive Q1 results, with net profit rising 7% sequentially and EBITDA up 10%. The company’s ability to expand its CGD infrastructure, diversify its revenue streams, and drive growth in new businesses has been key to its success.
Key Highlights:
- Net profit rises 7% sequentially to ₹165 crore
- EBITDA up 10% sequentially to ₹293 crore
- Total revenue from operations increases 3% sequentially to ₹1,379 crore
- Revenue up 21% year-on-year
- Company adds three CNG stations to its portfolio, taking the tally to 250
- Installed capacity expanded to 39 MW
- Volume up 6% year-on-year
The company’s focus on energy transition has been a key driver of its growth. Adani Total Gas has been expanding its CGD infrastructure, and its recent partnership with Jio-bp is expected to accelerate the addition of DODO and CODO CNG stations with Jio-bp fuels across all its 34 geographical areas.
CEO’s Comments:
‘Looking ahead, we are focused on expanding not only our CGD infrastructure across our geographical areas but also our LNG, e-mobility solutions, and CBG businesses. Additionally, our recent partnership with Jio-bp, which will see both partners offering each other’s fuel options at select outlets, is expected to help us accelerate addition of DODO and CODO CNG stations with Jio-bp fuels across all our 34 GAs,’ said Suresh P Manglani, ED and CEO of Adani Total Gas.
Market Reaction:
Before the quarterly results were declared, shares of Adani Total Gas closed flat at ₹624 apiece on the National Stock Exchange, compared to a 0.63% decline in the benchmark Nifty.
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