Adani Total Gas Ltd.'s net profit rose 17.61% in the third quarter on higher revenue and volume.
The profit increased to Rs 176.64 crore in the quarter ended December in comparison with Rs 150.19 crore a year ago, according to an exchange filing on Tuesday.
Adani Total Gas Q3 FY24 Highlights (Consolidated, YoY)
Revenue from operations up 4.9% at Rs 1,156.1 crore.
Ebitda rose 25.3% to Rs 288 crore.
Margin expanded 411 basis points to 24.91% vs 20.79%.
Net profit up 17.61% at Rs 176.64 crore.
Operational Highlights (Standalone):
The total number of CNG stations increased to 505, with 45 new CNG stations added.
Total PNG home customers increased to 7.79 lakh, with 74,501 new homes added. Industrial and commercial PNG connections rose to 8,071 with 636 new consumers added.
Combined CNG and PNG volume rose 13% to 633 million metric standard cubic meters per day.
The company completed 11,712 inch km of steel pipeline.
Shares of Adani Total Gas were trading 0.94% lower on the BSE, as compared with a 1.16% drop in the benchmark Sensex.
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