Adani Total Gas Q2 Net Profit Surges to Rs 173 crore

Adani Total Gas Result: Gautam Adani’s company Adani Total Gas on Tuesday reported 8 percent year-on-year growth (YoY) in profit for the July-September quarter. Now the profit has increased to Rs 173 crore in the September quarter.

Profit in the June 2023 quarter was ₹150 crore. There has been an increase of 15 percent in profit compared to the June quarter. Total expenses in the quarter stood at Rs 964 crore, compared to Rs 1,013 crore a year ago.

What is the revenue of Adani Total Gas?

Company’s revenue from operations increased by 3.8 per cent as compared to the previous quarter as it stood at ₹1135 crore in the April-June period. Revenue from operations in the September quarter stood at ₹1,179 crore, down 1 per cent from ₹1,190 crore.

Adani Total Gas reported revenue from operations at ₹2314 crore in H1FY24, which was almost flat compared to ₹2301 crore in the year-ago period. Profit after tax for the April-September period stood at ₹323 crore, up 8 per cent from ₹298 crore in the same period of FY2013.

How many CNG stations opened?

The company said it added 23 new CNG gas stations in the first half of the current financial year, taking the total number to 483. At the same time, with 51,801 new connections, the total number of PNG domestic connections increased to 7.56 lakh. Industrial and commercial PNG connections increased to 7,849 with 414 new connections.

Adani Total Gas share price

Shares of Adani Total Gas closed at Rs 565 on Tuesday. Its shares fell 2.6 per cent to Rs 575.7 last week, 85 per cent lower than their close of Rs 3,891.75 on January 24.

Is Total Gas owned by Adani?

Yes, Adani Total Gas is a joint venture between Adani Group and TotalEnergies.

What Adani Total Gas do?

Adani Total Gas is engaged in city gas distribution, providing natural gas for residential, commercial, and industrial use. They also operate CNG stations for vehicles and has gas transmission infrastructure.

How big is Adani Gas Network?

According adanigas official website, their network size stands at 6,000+ km pipeline and 70 CNG stations catering to more than 3.15 lakh households, 1,250 industrial units and 2,400 commercial units.

Who is the CEO of Adani Total Gas?

Executive Director & CEO: Suresh P Manglani.

What is the old name of Adani Total Gas?

Adani Gas Limited.

What was the Adani Total Gas profit in June 2023 quarter?

Profit in the June 2023 quarter was Rs 150 crore.

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