Adani Total Gas Ltd.
FY23 Annual Result Announced for Adani Total Gas Ltd.
Non-electrical Utilities company Adani Total Gas announced FY23 results:
- Revenue from Operations increased by 46% to Rs 4,683 crore
- EBITDA of Rs 907 crore
- Reported PBT of Rs 716 crore
- Reported PAT at Rs 530 crore
- Consolidated PAT at Rs 546 crore
- ATGL has a Healthy Balance Sheet with
- The debt-to-equity ratio at 0.47x
- Net Debt to EBITDA is at 1.11x
“ATGL has shown resilience and delivered a good all-round performance both on physical infrastructure and financial front despite high gas prices throughout the year. The fast-track development of steel pipeline and CNG stations has helped in croreeating natural gas ecosystem in geographical areas where we are present and will now help in connecting PNG consumers going forward. To provide wider energy offerings to consumers, ATGL, through its SPVs have forayed into E-mobility and Bio-. This SPVs, in next 12-18 months will be croreeating over 3000 EV charging points and build one of the India’s largest Biogas plant in Uttar Pradesh, whose work is in full swing.” said Suresh P Manglani, Executive Director & CEO of Adani Total Gas. “ATGL appreciates the Government of India’s decision on approving the ceiling and floor price on domestic gas, which will ensure stability in domestic gas price. Further, ATGL has passed on the benefit to the end consumers. We are confident that this, coupled with the softening of R-LNG prices, will drive increased demand across both PNG and CNG segments and ATGL will play pivotal role in achieving government vision in moving towards gas-based economy.”