Q1FY24 Quarterly Result Announced for Adani Total Gas Ltd.
Non-Electrical Utilites company Adani Total Gas announced Q1FY24 results: CNG Stations now increased to 467, added 7 New CNG Stations Total PNG home at 7.28 lakh, added 23,928 new homes on PNG Industrial & Commercial connections increased to 7,615 adding 180 new consumers Completed ~ 11,124 inch km of Steel Pipeline Combined CNG and PNG volume of 198 MMSCM, an increase of 8% Revenue from Operations at Rs 1,135 crore EBITDA of Rs 255 crore, increased by 12% Reported PBT of Rs 199 crore, increased by 7% Reported PAT at Rs 148 crore, increased by 7% 141 EV charging points have been commissioned at 40 locations “At the beginning of the quarter effective April 2023, the CGD industry saw key support from the Government of India notifying the stability of APM prices with floor and cap which helped ATGL to reduce the prices of PNG and CNG making it more affordable for end consumers to opt for cleaner fuel as their preferred choice. Despite challenges emerging from softening of alternate fuels, Team ATGL achieved excellent physical and financial results with a significant increase in infrastructure reach, augmentation of volume, and highest-ever EBIDTA. With the continued constructive policy support to the CGD industry coming from Government, we are confident the further growth in infra numbers and volume shall gain momentum in spreading the CGD network across all our 33 Geographical Areas,” said Suresh P Manglani, ED & CEO of Adani Total Gas. He added, “With the consumer-centricity approach, we have expanded our horizons by increasing our reach/footprint in core CGD business and beyond natural gas through setting up EV charging stations, converting waste to CBG and exploring to set up LNG stations for long haul heavy vehicles, offering a wider range of sustainable energy solutions to all our consumers.” Result PDF01-08-2023