URL copied to clipboard

Trending News

Adani Total Gas Q2 Results Report Rs 186 Crore Profit, Up 8% Amid Revenue Growth; Check Out More Updates

Adani Total Gas Q2 results reported an 8% rise in net profit to Rs 186 crore with revenue increasing 6% to Rs 1,219 crore and EBITDA up 3% to Rs 306 crore.
Adani Total Gas Q2 Results Report Rs 186 Crore Profit, Up 8% Amid Revenue Growth; Check Out More Updates

Adani Total Gas Q2 Results: Adani Total Gas Ltd reported an 8% sequential increase in net profit for the second quarter of fiscal 2025, reaching Rs 186 crore, compared to Rs 172 crore in the previous quarter. 

Alice Blue Image

Also Read: Priyanka Gandhi Vadra Launches Campaign for Wayanad By-election, Discloses Rs 12 Crore in Assets; more story inside

The city gas distribution company experienced a 6% rise in revenue, totaling Rs 1,219 crore, up from Rs 1,146 crore. EBITDA also saw a 3% increase, climbing to Rs 306 crore from Rs 297 crore, though the EBITDA margin slightly declined to 25.1% from 25.9%.

The revenue growth was primarily attributed to higher volumes and improved sales realizations. The increase in EBITDA was driven by the expanded sales volume resulting from infrastructure developments and enhanced operational efficiency.

Also Read: Piramal Pharma Q2 Results: Net Profit Soars to Rs 23 Crore with Strong Revenue Growth; know more

Total sales volumes surged 15% year-on-year to 242 million metric standard cubic meters of gas. The growth was largely fueled by a 19% rise in CNG sales, alongside a 7% increase in PNG sales. The uptick in PNG sales was supported by increased industrial consumption and new connections in domestic and commercial sectors.

Alice Blue Image

Suresh Manglani, CEO and Executive Director, noted that the company is closely monitoring its gas sourcing strategy following the government’s decision to cut APM gas allocations for city gas distribution. He emphasized a “calibrated pricing approach” to balance consumer interests amid the changes.

Loading
Read More News
Onyx Biotec IPO ने दूसरे दिन 9.11 गुना सब्सक्रिप्शन के साथ भारी रुचि आकर्षित की - अधिक जानकारी पढ़ें!

Onyx Biotec IPO ने दूसरे दिन 9.11 गुना सब्सक्रिप्शन के साथ भारी रुचि आकर्षित की – अधिक जानकारी पढ़ें!

Onyx Biotec IPO को दूसरे दिन 9.11 गुना सब्सक्रिप्शन मिला, जो निवेशकों के मजबूत विश्वास और भारी मांग को दर्शाता