Adani-Total Gas Q3 profit rises 20% to Rs 1.68 bn
OIL & GAS

Adani-Total Gas Q3 profit rises 20% to Rs 1.68 bn

Adani Total Gas, the city gas joint venture of Adani Group and TotalEnergies of France, announced that its net profit for the September quarter had increased by 20%. According to the company, the net profit for July-September stood at Rs 1.68 billion, which was 20% higher than the previous year's net profit of INR 139 crore in the same period. The company stated that this increase in profit was due to a boost in sales of compressed natural gas (CNG).

The sales of CNG experienced a significant rise, increasing by 20% to reach 113 million standard cubic meters. However, piped gas supplies saw a decline of 3% and stood at 75 million standard cubic meters. Despite these changes in sales volumes, the company's revenue remained nearly unchanged at Rs 11.78 billion.

The company explained, "Revenue from operations has remained flat due to a reduction in gas cost resulting from the revised pricing formula approved by the Government of India, effective from April 8, 2023. Adani Total Gas passed on this benefit to its consumers, leading to a decrease in the sales price." The company further stated that this decrease in sales price was the reason behind the unchanged revenue figures.

Additionally, the company reported that its earnings before interest, taxes, depreciation, and amortisation (EBITDA) had increased by 17%. This growth was attributed to higher sales volume and a balanced price strategy.

Adani Total Gas, the city gas joint venture of Adani Group and TotalEnergies of France, announced that its net profit for the September quarter had increased by 20%. According to the company, the net profit for July-September stood at Rs 1.68 billion, which was 20% higher than the previous year's net profit of INR 139 crore in the same period. The company stated that this increase in profit was due to a boost in sales of compressed natural gas (CNG). The sales of CNG experienced a significant rise, increasing by 20% to reach 113 million standard cubic meters. However, piped gas supplies saw a decline of 3% and stood at 75 million standard cubic meters. Despite these changes in sales volumes, the company's revenue remained nearly unchanged at Rs 11.78 billion. The company explained, Revenue from operations has remained flat due to a reduction in gas cost resulting from the revised pricing formula approved by the Government of India, effective from April 8, 2023. Adani Total Gas passed on this benefit to its consumers, leading to a decrease in the sales price. The company further stated that this decrease in sales price was the reason behind the unchanged revenue figures. Additionally, the company reported that its earnings before interest, taxes, depreciation, and amortisation (EBITDA) had increased by 17%. This growth was attributed to higher sales volume and a balanced price strategy.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code