Non-Electrical Utilities company Adani Total Gas announced Q3FY24 & 9MFY24 results:
Standalone Q3FY24:
- Revenue from Operations at Rs 1,243 crore
- EBITDA of Rs 301 crore, increased by 26%
- PBT of Rs 231 crore, increased by 15%
- PAT at Rs 172 crore, increased by 16%
Standalone 9MFY24:
- Revenue from Operations at Rs 3,556 crore
- EBITDA of Rs 846 crore, increased by 20%
- PBT of Rs 655 crore, increased by 14%
- PAT at Rs 488 crore, increased by 15%
“With the expansion of CGD infrastructure, together with seizing opportunity in the areas of emobility, biomass, and LNG for Transport & Mining (LTM), ATGL has once again delivered a double-digit growth in volumes of 13% Y-o-Y on nine monthly basis. The rise in volume coupled with efficient gas sourcing and an ‘eye’ on opex has led to an increase in EBIDTA by 20% YoY in nine months. Company’s present priority is to focus on providing easy access to natural gas in the form of PNG and CNG by fast-tracking the infrastructure development in all our Geographical Areas,” said Suresh P Manglani, ED & CEO of Adani Total Gas.
He added, “With our consumer-centricity approach, apart from e-mobility and biomass (CBG) we are now also embarking upon LNG for Transport & Mining (LTM). ATGL will provide decarbonizing solutions for various entities and help in reducing carbon footprint. Our strategy will be to offer a wider range of cleaner energy fuel to all our consumers”.