Adani Total Gas Limited — Updates, 27-01-2025: Press Release

Adani Total Gas has posted a strong operational performance for the quarter and nine months ended December 31, with a significant 15% year-on-year volume increase. The company expanded its CNG network with 28 new stations, reaching a total of 605, while PNG home connections grew to 9.22 lakh with the addition of 28,677 new households. The consolidated financial results reveal a 12% rise in revenue from operations to INR 1,397 Cr for Q3, while EBITDA was reported at INR 272 Cr, reflecting a challenging environment marked by reduced natural gas allocation. The nine-month revenues reached INR 3,950 Cr, up 11%, and EBITDA increased by 6% to INR 893 Cr. While PAT showed a modest increase of 2% to INR 499 Cr over the nine months amidst rising costs, the positive trend in operational growth highlights the company's robust strategy in navigating challenges. Investors should observe ATGL’s response to changes in gas supply and its expansion plans, as this play a crucial role in future profitability.