Adani Total Gas Ltd

Net profit of Adani Total Gas declined 19.40% to Rs 142.38 crore in the quarter ended December 2024 as against Rs 176.64 crore during the previous quarter ended December 2023. Sales rose 11.96% to Rs 1294.46 crore in the quarter ended December 2024 as against Rs 1156.14 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales1294.461156.14 12 OPM %20.4524.91 - PBDT245.25274.42 -11 PBT192.06235.82 -19 NP142.38176.64 -19 Powered by Capital Market - Live

However, revenue from operations increased by 12.40% YoY to Rs 1,397.35 crore for the quarter ending 31 December 2024, driven by higher volume. Profit before tax was at Rs 193.12 crore in Q3 FY25, down 16.56% as against Rs 231.46 crore reported in Q3 FY24. PBT and PAT declined due to higher depreciation resulting from an expanded asset base. The company's EBITDA declined 10% YoY to Rs 272 crore in Q3 FY25, impacted due to higher gas costs. Total sales volume jumped 15% to Rs 257 million metric standard cubic metric (MMSCM) in Q3 FY25 as against 224 MMSCM in Q3 FY24. Compressed natural gas (CNG) sales increased by 19% YoY to 171 MMSCM, while piped natural gas (PNG) sales rose by 8% YoY to 86 MMSCM during the period under review. During Q3 FY25, company added 28 new CNG stations, increasing the number to 605. The company has completed cumulative around 13,082 inch-km of steel pipeline network. The company has increased industrial & commercial connections to 8,913 with 167 new consumers added. On nine-month basis, the company's consolidated net profit grew 2.23% to Rs 498.64 crore on 11.07% increase in revenue to Rs 3,949.94 crore in 9M FY25 over 9M FY24. Suresh P Manglani, ED & CEO of Adani Total Gas, said, 'ATGL maintained its growth trajectory, focusing on customer centric approach and delivering a robust operational performance with a notable 15% year-on-year increase in volume. Despite the reduced APM gas allocation, Team ATGL ensured an uninterrupted supply of CNG to our large masses of consumers by sourcing additional supplies of gas through alternative options. The key to us is to calibrate the end prices balancing the affordability of end consumers and other stakeholders including profitability of the company which is evident from our growth in the volumes of 15% and EBIDTA growth of 6% for 9 months period on YoY basis. We are striving to further accelerate development of PNG and CNG infrastructure across our 34 GAs, including the recently added Jalandhar GA in Punjab. Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector. Powered by Capital Market - Live

Adani Total Gas will hold a meeting of the Board of Directors of the Company on 27 January 2025.Powered by Capital Market - Live

Edelweiss Financial Services Ltd, Adani Green Energy Ltd, Adani Energy Solutions Ltd and Adani Power Ltd are among the other gainers in the BSE's 'A' group today, 28 November 2024.Adani Total Gas Ltd surged 15.16% to Rs 799.5 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 10.94 lakh shares were traded on the counter so far as against the average daily volumes of 2.24 lakh shares in the past one month. Edelweiss Financial Services Ltd soared 10.00% to Rs 123.75. The stock was the second biggest gainer in 'A' group. On the BSE, 2.2 lakh shares were traded on the counter so far as against the average daily volumes of 2 lakh shares in the past one month. Adani Green Energy Ltd spiked 10.00% to Rs 1088.2. The stock was the third biggest gainer in 'A' group. On the BSE, 12.41 lakh shares were traded on the counter so far as against the average daily volumes of 3.56 lakh shares in the past one month. Adani Energy Solutions Ltd exploded 10.00% to Rs 727.35. The stock was the fourth biggest gainer in 'A' group. On the BSE, 14.39 lakh shares were traded on the counter so far as against the average daily volumes of 4.44 lakh shares in the past one month. Adani Power Ltd gained 8.70% to Rs 569.35. The stock was the fifth biggest gainer in 'A' group. On the BSE, 41.47 lakh shares were traded on the counter so far as against the average daily volumes of 12.57 lakh shares in the past one month. Powered by Capital Market - Live

Adani Energy Solutions Ltd, Adani Power Ltd, Quess Corp Ltd and Adani Green Energy Ltd are among the other gainers in the BSE's 'A' group today, 27 November 2024.Adani Total Gas Ltd surged 11.26% to Rs 644.95 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 3.38 lakh shares were traded on the counter so far as against the average daily volumes of 1.69 lakh shares in the past one month. Adani Energy Solutions Ltd spiked 10.00% to Rs 661.25. The stock was the second biggest gainer in 'A' group. On the BSE, 7.46 lakh shares were traded on the counter so far as against the average daily volumes of 3.96 lakh shares in the past one month. Adani Power Ltd soared 9.38% to Rs 478.8. The stock was the third biggest gainer in 'A' group. On the BSE, 20.72 lakh shares were traded on the counter so far as against the average daily volumes of 9.04 lakh shares in the past one month. Quess Corp Ltd advanced 7.80% to Rs 702.85. The stock was the fourth biggest gainer in 'A' group. On the BSE, 63345 shares were traded on the counter so far as against the average daily volumes of 12494 shares in the past one month. Adani Green Energy Ltd added 7.55% to Rs 967.3. The stock was the fifth biggest gainer in 'A' group. On the BSE, 5.51 lakh shares were traded on the counter so far as against the average daily volumes of 2.94 lakh shares in the past one month. Powered by Capital Market - Live

The said growth in revenue from operations was due to higher volume and sales realization. Profit before tax was at Rs 239.88 crore in Q2 FY25, up 6.60% as against Rs 225.01 crore posted in Q2 FY24. EBITDA rose 8% YoY to Rs 313 crore in Q2 FY25, supported by volume growth due to infrastructure expansion and operational efficiency. Total sales volume jumped 15% to Rs 242 million metric standard cubic metric (MMSCM) in Q2 FY25 as against 211 MMSCM in Q2 FY24. Compressed natural gas (CNG) sales increased 19% YoY to Rs 162 MMSCM while piped natural gas (PNG) sales rose 7% YoY to Rs 80 MMSCM during the period under review. In September'24, ATGL secured the largest global financing in India's City Gas Distribution Business of $375 million to accelerate network infrastructure development program. During Q2FY25, company added 18 new CNG stations increasing the number to 577. The company has commissioned its first liquefied natural gas (LNG) retail outlet in Tiruppur, while two more are under construction in Dahej and Mundra. On half year basis, the company's standalone net profit increased 12.59% to Rs 355.20 crore on 10.36% rise in revenue to Rs 2,552.59 crore in H1 FY25 over H1 FY24. Suresh P Manglani, ED & CEO of Adani Total Gas, said, 'ATGL has reported healthy operational and financial performance during the quarter. Our business is closely aligned with India's energy transition goals which we are delivering by providing cleaner and greener energy solutions to all our consumers. We now reach over 9 lakh consumers through our piped gas network supplying uninterrupted piped natural gas. We have commissioned our first LNG station for the transportation segment and progressing towards covering key highway networks aiding India's decarburization march. Following the recent reduction in APM gas allocation, which caters to auto CNG and home PNG consumers, we are closely monitoring the situation and given our diversified gas sourcing portfolio, we will ensure a calibrated pricing approach to balance the interest of our consumers' Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector.Powered by Capital Market - Live

Net profit of Adani Total Gas rose 7.48% to Rs 185.60 crore in the quarter ended September 2024 as against Rs 172.68 crore during the previous quarter ended September 2023. Sales rose 11.23% to Rs 1218.65 crore in the quarter ended September 2024 as against Rs 1095.59 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1218.651095.59 11 OPM %25.0925.55 - PBDT298.75267.52 12 PBT247.37229.90 8 NP185.60172.68 7 Powered by Capital Market - Live

Adani Total Gas will hold a meeting of the Board of Directors of the Company on 24 October 2024.Powered by Capital Market - Live

The maiden financing of $375 million executed with international lenders include an initial commitment of $315 million with accordion feature to enhance the commitments. Five international lenders participated in the initial financing which includes BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. ATGL stated that these facilities will fast track the capital expenditure program, enabling the company to rapidly expand its CGD network into its 34 authorized geographical areas (GAs) across 13 states. This development agenda shall cater to up to 14% of India's population covering more than 200 million people. The expansion will deepen the penetration of piped natural gas (PNG) and compressed natural gas (CNG) infrastructure, creating an ecosystem for a gas-based economy. Parag Parikh, CFO of ATGL, said: 'Participation from the global lenders reinforces the potential of city gas distribution in its role as transition fuel This financing framework will drive ATGL's sustained growth and will be a stepping-stone for future financing based on its capital management plan which will create a long-term value for all our stakeholders.' Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector. The company's standalone net profit increased 19.91% to Rs 177.09 crore in Q1 FY25 as comapred with Rs 147.69 crore in Q1 FY24. Revenue from operations rose 9.01% YoY to Rs 1237.10 crore in Q1 FY25. The scrip had advanced 1.60% to end at Rs 788.60 on the BSE on Friday. Powered by Capital Market - Live

Adani Total Gas has entered into an overall financing framework which enables it to secure future funding based on its business plan. The maiden financing of USD 375 million executed with international lenders include an initial commitment of USD 315 million with accordion feature to enhance the commitments. Five international lenders participated in the initial financing which includes BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation. The facility will fast track the capital expenditure program enabling ATGL to rapidly expand its CGD network into its 34 authorized Geographical Areas (GAs) across 13 states. This development agenda shall cater to up to 14% of India's population covering more than 200 million people. The expansion will deepen the penetration of Piped Natural Gas (PNG) and Compressed Natural Gas (CNG) infrastructure, creating an ecosystem for a gas-based economy. Powered by Capital Market - Live