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Entry Price

163.00

Target

190.00

Recommend Date

10-08-2020

Return

16.56 %
BUY

Date : 10-08-2020

Adani Gas’ (AGL) operating revenues fell 56.9% YoY to | 206.6 crore in Q1FY21 due to sharp fall in sales volume during lockdown. Sales volume came in at 0.7 mmscmd, down 53.6% YoY. EBITDA for the quarter declined 42.6% YoY to | 77.4 crore. Gross margins were strong at | 19/scm, up | 6.2/scm YoY due to lower gas prices. EBITDA/scm was at | 12.1/scm, | 2.3/scm higher YoY. Reported PAT stood at | 46.3 crore, down 41.6% YoY.