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.

Next Story
Infrastructure Urban

Allcargo Gati Strengthens Doddaballapura’s Industrial Growth

Doddaballapura, once renowned for its silk sarees, has evolved into a major industrial hub, housing an Apparel Park and diverse manufacturing units producing textiles, paints, and machinery. The region’s strategic location and robust infrastructure have attracted national and international companies, boosting Karnataka’s economy.For the past four years, Allcargo Gati has been a key logistics partner, ensuring efficient distribution of goods across India. With a structured supply chain strategy—65 per ent to the north, 15-20 per cent west, 10-15 per cent east, and 5 per cent south—the c..

Next Story
Infrastructure Transport

Kolkata Metro to Suspend Green Line Services on March 8-9

The Kolkata Metro Railway has announced a complete traffic block on the East West Metro Corridor (Green Line) on March 8 and 9 for testing the Communication-Based Train Control (CBTC) system. Services will also be partially disrupted on the evening of March 7 and the morning of March 10. The Green Line, India’s first underwater metro tunnel and home to the country’s deepest metro shaft, runs from Howrah Maidan to Salt Lake Sector V. This line’s first phase was inaugurated in 2020 by then Railway Minister Piyush Goyal. Additionally, the Kolkata Metro recently introduced a paper ..

Next Story
Infrastructure Urban

India and Nepal Sign MoU to Strengthen WASH Sector Cooperation

India and Nepal signed a Memorandum of Understanding (MoU) on March 3, 2025, to enhance cooperation in the Water, Sanitation, and Hygiene (WASH) sector, including waste management. The signing ceremony took place at Sushma Swaraj Bhawan in New Delhi, attended by India’s Union Minister of Jal Shakti, CR Patil, and Nepal’s Minister of Water Supply, Pradeep Yadav. The agreement aims to foster collaboration between the two countries to improve access to clean drinking water and sanitation. It outlines key areas of cooperation such as capacity-building programs for Nepali personnel, techno..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?