Adani Total Gas Reports 9% YoY Profit Growth in Q4 FY26
Adani Total Gas Q4 Results: Cons PAT grows 9% YoY to Rs 168 crore; revenue up 17%
The Economic Times
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Adani Total Gas reported a consolidated net profit of ₹168 crore for the quarter ending March 2023, reflecting a 9% year-on-year increase. Revenue rose 17% to ₹1,695 crore, driven by higher gas volumes despite rising costs due to geopolitical tensions and market price fluctuations.
- 01Consolidated net profit grew by 9% YoY to ₹168 crore.
- 02Revenue increased by 17% YoY to ₹1,695 crore.
- 03EBITDA rose by 13% to ₹310 crore.
- 04Natural gas costs surged by 18% YoY, impacting profit margins.
- 05The company emphasized operational excellence and sustainability in its growth strategy.
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Adani Total Gas Limited (ATGL) reported a consolidated net profit of ₹168 crore for the March 2023 quarter, up 9% from ₹154 crore in the same quarter last year. Revenue from operations experienced a 17% increase, reaching ₹1,695 crore, compared to ₹1,453 crore in Q4 FY25. The profit after tax (PAT) also saw a 6% sequential rise from ₹159 crore in the previous quarter. On a standalone basis, PAT grew 4% to ₹156 crore, with revenue at ₹1,696 crore, marking a 16% increase year-on-year. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) stood at ₹310 crore, reflecting a 13% increase from ₹274 crore in the previous year. The company attributed its revenue growth to higher gas volumes, despite a 18% rise in natural gas costs due to reduced APM gas allocation and increased spot prices driven by geopolitical tensions. CEO Suresh P. Manglani highlighted the company's focus on operational excellence and sustainability, noting a significant expansion in clean energy infrastructure, including over 5,100 EV charge points.
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The increase in revenue and profit suggests a stable supply of gas for consumers, although rising natural gas costs may eventually affect pricing for end-users.
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