Non-Electrical Utilities company Adani Total Gas announced Q1FY25 results:
Consolidated:
- Consolidated PAT at Rs 172 crore, increased by 14% YoY
Standalone:
- Revenue from Operations at Rs 1,237 crore, increased by 9%
- EBITDA of Rs 308 crore, increased by 21%
- PAT at Rs 177 crore, increased by 20%
Operational Highlights:
- CNG Stations now increased to 559, added 12 new CNG Stations
- Total PNG home at 8.58 lakh, added 38,165 new homes on PNG
- Industrial & Commercial connections at 8,542 added 211 new consumers
- Completed ~ 12,244 Inch Km of Steel Pipeline
- Combined CNG and PNG volume of 230 MMSCM, increase of 17%, YoY
Suresh P Manglani, ED & CEO of Adani Total Gas, said: “It has been a good start for FY25 as ATGL delivered a robust operational and financial performance by achieving a 21% YoY EBITDA growth on the back of 17% volume growth,”
“During the quarter, ATGL received approval from regulator for the transfer of Letter of Authorization for Jalandhar Geographical Area (GA) which provides high volume growth opportunity to the Company. We have also crossed a significant milestone of 1000 EV charging points, reaching 1212 EV charging points across multiple locations.
“We continue to see more traction on natural gas as we further build CGD infrastructure and penetrate deeper across multiple GAs. With newer sustainable energy in form of E-mobilty, LNG and Biomass, we remain fully committed to provide a sustainable energy platform to our consumers and playing a leading role in the country’s energy transition journey.”