Adani Total Gas Ltd Q4 FY21 Results

 

Highest ever EBITDA of INR 224 Cr; 25% rise over Q4 FY20

Revenue from Operations at INR 614 Cr

CNG Stations increased to 217

EDITOR’S SYNOPSIS

 

           Operational Highlights Q4 FY21 (Standalone):

  • Combined volume of CNG and PNG achieved @ 166 MMSCM vs 145 MMCM in Q4 FY20
  • Average Volume in Q4 FY21 increased to 1.85 MMSCMD as compared to average volume of 1.67 MMSCMD in Q3 FY21 showing recovery of 11% on QoQ basis
  • CNG Stations increased to 217, in FY21 alone, 102 New CNG Stations commissioned
  • PNG Home Connection increased to 4.78 Lacs (40,939 New Connections added in FY21)
  • Industrial & Comm. connection increased to 4,966 (500 new Ind and Comm added in FY 21)
  • Completed 2215 Inch Km of Steel Pipeline in New GA allotted in 9th and 10th round

     

    Financial Highlights Q4 FY21 (Standalone):

  • Revenue from Operations stood at INR 614 Cr vs. Q4 FY20 INR 490 Cr
  • EBITDA for Q4 FY21 increased by 25% YoY to INR 224 Cr vs. Q4 FY20 EBITDA of INR 180 Cr
  • PBT before exceptional Items for Q4 FY21 increased by 25% YoY to INR 195 Cr vs. Q4FY20 PBT of INR 156 Cr
  • PAT for Q4 FY21 increased by 19% YoY to INR 145 Cr vs. Q4 FY20 PAT of INR 122 Cr

 Ahmedabad, May 4, 2021: Adani Total Gas Limited (“ATGL”), one of India’s leading private companies in the gas utility sector in India announced today its financial and operational performance for the fourth quarter ended 31st March 2021.

 

Standalone Financial Highlights:

 

Particulars

UoM

Q4

FY21

Q4

FY20

% Change
YoY

FY21

FY20

% Change
YoY

Operational Performance

 

 

 

 

 

 

 

Sales Volume

MMSCM

166

145

14%

515

582

-12%

CNG Sales

MMSCM

75

71

7%

227

292

-22%

PNG Sales

MMSCM

91

75

21%

288

291

-1%

Financial Performance

 

 

 

 

 

 

 

Revenue from Operations

INR Cr

614

490

25%

1,784

1,991

-10%

EBITDA

INR Cr

224

180

25%

749

639

17%

Profit before Tax
[Before Exceptional Item]

INR Cr

195

156

25%

646

547

18%

Exceptional Item*

INR Cr

4

-

 

14

-

 

Profit before Tax

INR Cr

191

156

22%

631

547

15%

Profit After Tax

INR Cr

145

122

19%

472

436

8%

 

*a) During the Quarter ended 31st March 2021 the Company has written off INR 4.48 Crore towards expenditure incurred for a GA that was bid by the Company, pursuant to the order received for withdrawal of contempt petition from Hon’ble Supreme Court

b) During the year ended on 31st March 2021 the Company received an order dated 28th August 2020 from the Hon’ble Supreme Court of India with respect to Service Tax liability on gas connection income pertaining to FY 2008-09.

              

Commenting on the quarter result of the Company, Mr. Gautam Adani, Chairman, Adani Group said, “These outstanding results are a testament to the excellent synergy between Adani and Total. Our combined strengths will significantly contribute towards the creation of a gas-based economy. We are committed to ushering in this cleaner fuel across the nation in line with our vision to build a sustainable.”

 

Mr. Suresh P Manglani, CEO of Adani Total Gas said, “with pandemic onslaught, it’s been a challenging year for the nation and CGD industry too. The key thrust of the ATGL has been to continue to supply PNG and CNG, and safely handle all operations and emergencies 24*7. I am pleased to see that Team ATGL stood together and despite pandemic has delivered all round superior performance for the Quarter 4 and Financial year 2021. This is the third successive quarter of highest ever financial performance with robust physical infrastructure growth despite ongoing pandemic. We all at ATGL are standing with our consumers, community at large and nation to extend our full support to overcome the challenges of Covid 19. We are consistently encouraging society to adopt PNG and convert their vehicles to environmental- friendly CNG to contribute in reduction of carbon footprints.”

 

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