Adani Total Gas Q4 standalone profit falls 10% to ₹149 cr amid rising gas costs

Adani Group-led piped natural gas and compressed natural gas company Adani Total Gas has reported a standalone net profit of ₹149 crore in the January-March quarter, down 10% from ₹165 crore in the year-ago period. Adani Total's standalone revenue grew 15% to ₹1,448 crore, compared to ₹1,257 crore in the year-ago period. EBITDA for the period stands at ₹274 crore, down 10% from ₹305 crore in the year-ago period, impacted by the cost of natural gas that surged 27% to ₹1,015 crore from ₹797 crore in the year-ago period.

For FY2024-25, Adani Total's revenue rose by 12%, reaching ₹5,398 crore, on account of higher volume, primarily in the CNG segment, while EBITDA for FY25 increased marginally (1%) to ₹1,167 crore despite the lower allocation of APM gas due to volume growth. The fiscal year PAT declined by 1%, reaching ₹648 crore, while the consolidated FY25 PAT was recorded at ₹654 crore.

"During the year, Team ATGL has continued its thrust to expand access to PNG and CNG to large masses. ATGL has now expanded its infrastructure across CGD (close to 1 million PNG consumers and 647 CNG stations). ATGL has maintained momentum in delivering robust operational and infrastructure performance with a 15% year-on-year increase in volume, accelerating operational excellence supported by digitalistion which has contributed to maintaining EBITDA of ₹1,167 crore despite challenges faced by the CGD sector on domestic gas allocation," says Suresh P Manglani, ED & CEO, ATGL.

Further, the company has made progress in its new sustainable businesses. "In e-mobility, 3,401 charging points have been installed, out of which 2,338 EV charging points are energised. In Biomass, besides stabilising CBG production at Barsana plant, we have launched the brand 'Harit Amrit' for the sale of organic fertiliser. We have commissioned our first LNG station in Tiruppur," says Manglani.

The Adani Total board has recommended a dividend of ₹0.25 per equity share for FY25, which is subject to the approval of shareholders at the ensuing AGM. Shares of the company closed 2.9% up at ₹616.90 apiece on the BSE on Monday.