Adani Total Gas Ltd (ATGL) on Thursday reported a six per cent year-on-year increase in consolidated net profit to Rs 173 crore (yaani about Rs 1.73 billion) for the September quarter of FY27, The Hindu BusinessLine reported, citing the company's earnings release. Consolidated revenue from operations rose 34 per cent to Rs 2,110 crore (yaani about Rs 21.1 billion).
Source: The Hindu BusinessLine
On a standalone basis, net profit rose three per cent to Rs 167 crore and revenue from operations jumped 34 per cent to Rs 2,102 crore, PTI reported via The Hindu BusinessLine's Q2 results live coverage. IANS reported the same standalone figures, with revenue up from Rs 1,569 crore a year ago and EBITDA up 12 per cent to Rs 340 crore in the quarter.
Source: PTI / IANS
Gas sales volumes rose 12 per cent year-on-year to 315 million standard cubic metres (MMSCM) in the July-September quarter. CNG volumes rose 17 per cent to 223 MMSCM, while piped natural gas (PNG) volumes increased three per cent to 92 MMSCM, according to the company's earnings release reported by BusinessLine.
The company added 16 CNG stations during the quarter, taking its network to 723 stations. Domestic PNG connections expanded to around 11.81 lakh households (yaani about 1.18 million homes) after nearly 40,000 new connections, and its steel pipeline network grew by 318 inch-km to 16,305 inch-km.
Higher input costs weighed on profitability: the cost of natural gas rose 43 per cent year-on-year amid elevated Brent-linked and spot gas prices, the withdrawal of pooled-gas support and the continuing West Asia crisis, the company said. ATGL said diversified sourcing and calibrated pricing helped it manage cost pressures while maintaining supply reliability.
Chief Executive Sanjay Pandita said the company delivered a strong performance in Q2 with volumes growing 12 per cent and revenue rising 34 per cent, supported by sustained CNG demand and deeper PNG penetration, despite the challenging operating environment, IANS reported. Sources: The Hindu BusinessLine, PTI and IANS.