AGL announces Q3FY20 result

Revenue from Operations increased by 13% in 9M FY 20 to ` 1501 Cr vs ` 1329 Cr in 9M FY19


Operating EBITDA increased by 35% in 9M FY 20 to ` 427 Cr vs ` 315 Cr in 9M FY19


Editor’s Synopsis


Operational Highlights Q3 FY20:

  • Volume increase of 12%; CNG grew by 7% PNG grew by 16% in Q3 FY 20 on Y-o-Y basis
  • The number of PNG homes have now increased to 4.25 Lacs (Connected >15,500 Home Connections)
  • Number of Commercial and Industrial Connections have increased to 4,390 (251 New Connections added during Q3 FY20)
  • CNG Commercial Operation Started in 2 more New GA Kheda and Surendranagar in addition to Palwal & Porbandar GA allotted under 9th Round of Bidding by PNGRB
  • The Company has Operationalized 6 New CNG stations totaling to 92 CNG Stations

Financial Highlights Q3 FY20 (Standalone):

  • Q3 FY20 Revenue from Operations increased 7% Y-o-Y to ` 519 Cr vs. Q3 FY19 ` 485 Cr
  • Q3 FY20 Operating EBITDA has increased by 46% Y-o-Y to ` 156 Cr vs. Q3 FY19 ` 107 Cr
  • Q3 FY20 PBT has increased Y-o-Y to ` 144 Cr vs. Q3 FY19 ` 66 Cr^
  • Q3 20 PAT has increased Y-o-Y to ` 114Cr* vs. Q3 FY19 ` 46 Cr

9M FY20 Performance Highlights

  • Volume increase of 9%; CNG grew by 8% PNG grew by 11% in 9M FY 20 on Y-o-Y basis
  • 9M FY20 Revenue from Operations increased 13% Y-o-Y to ` 1501 Cr vs. 9M FY19 ` 1329 Cr
  • 9M FY20 Operating EBITDA has increased by 35% Y-o-Y to ` 427 Cr vs. 9M FY19 ` 315 Cr
  • 9M FY20 PBT has increased Y-o-Y to ` 391 Cr vs. 9M FY19 ` 237 Cr^
  • 9M FY20 PAT has increased Y-o-Y to ` 314 Cr* vs. 9M FY19 ` 153 Cr

* Increase in PAT reflects the reduction in tax expenses on account of changes made vide Taxation Laws Amendment Ordinance 2019 as applicable to the Company


^Includes One Time Exceptional Expense Item of Rs 25 Cr



 

Ahmedabad, February 5, 2020: Adani Gas Limited (AGL), a part of the Adani Group, today announced its operational and financial performance for the nine months and quarter ended 31st December 2019.


Standalone Financial Statement:

Particulars UoM Q3 FY20 Q3 FY19 % Change YoY 9M FY20 9M FY19 % Change YoY FY19
Operational Performance
Sales Volume MMSCM 154 138 12% 437 399 9% 541
CNG Sales MMSCM 75 70 7% 221 204 8% 276
PNG Sales MMSCM 79 68 16% 216 195 11% 264
Financial Performance
Revenue from Operations INR Cr 519 485 7% 1,501 1,329 13% 1,823
Op. EBITDA INR Cr 156 107 46% 427 315 35% 455
Profit Before Tax(Before Exceptional Item) INR Cr 144 91 58% 391 262 50% 384
Exceptional Item INR Cr 25 25 28
Profit Before Tax(After Exceptional Item) INR Cr 144 66 117% 391 237 65% 357
Profit After Tax INR Cr 114 46 152% 314 153 105% 229

Mr. Gautam Adani, Chairman, Adani Group, said , “Adani Gas has delivered all round good performance both for Q3 and 9M FY 2020 and further aims to expand its footprint in the natural gas sector across the country. The partnership with TOTAL will further enhance Adani Gas capabilities in building the best in class assets and creating a world class organization”.


Suresh P Manglani, CEO, Adani Gas Ltd., said , “Adani Gas Ltd in the third quarter of FY20 has benefited from sweating its existing assets and enhanced coverage of newer assets. This has resulted in improved volumes and profitability. The City Gas Distribution (CGD) sector is expected to grow exponentially with developments in connectivity and infrastructure and Adani Gas will continue to be a leader in the CGD sector in India.”


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