Adani Total Gas FY22 Results

Adani Total Gas FY22 Results

Revenue from Operations - INR 3,206 Cr - increase of 80%

EBITDA - INR 815 Cr - up by 9%

CNG stations increased to 334

 

EDITOR’S SYNOPSIS

 

Operational Highlights FY22 (Standalone):

 

  • Commissioned 117 New Stations, total CNG Stations now increased to 334.ATGL footprint has increased to 550 CNG stations along with its JV-IOAGPL
  • Added 85,840 new connections, total PNG home connections surpassed 5.6 lakh mark (5.64 lakh)
  • Industrial & Commercial connections increased to 5,676 with 710 new Industrial and Commercial connections
  • Completed 5,284 Inch Km of Steel Pipeline in New GAs allotted in 9th and 10th rounds
  • Combined CNG and PNG volume of 697 MMSCM, increase of 35% >

    •  

Financial Highlights FY22 (Standalone) Y-o-Y:

 

  • Revenue from Operations increased by 80% to INR 3206 Cr
  • EBITDA of Rs 815 Cr, up by 9%
  • Reported PBT of Rs 679 Cr, up by 8%
  • Reported PAT at Rs 505 Cr, up by 7%
  • Consolidated PAT at INR 510 Cr, up by 10%

Other key updates

 

  • Board has approved formation of two SPVs for E-Mobility and Bio businesses.
  • Board has recommended a dividend of 25% of face value of Re. 1/- each fully paid up for the Financial Year 2021-22, subject to approval by shareholders of the Company.
  • ATGL has set up its first EV charging station in Ahmedabad
  • 14 new GAs awarded in the 11th Round of bidding, totalling to 52 GAs including the 19 GAs of its JV company, IOAGPL
  • MyAdaniGas App launched, to provide increased convenience and digital touch point to its consumers.

Ahmedabad, 4 May 2022: Adani Total Gas Ltd (“ATGL”), India’s leading City Gas Distribution company, announced today its operational and financial performance for the fourth quarter and full year ended 31 March 2022.

 

Standalone Operational and Financial Highlights:

 

Particulars

UoM

Q4 FY22

Q4 FY21

FY22

FY21

% Change YoY

Operational Performance

 

 

 

 

 

 

Sales Volume

MMSCM

189

166

697

515

35%

CNG Sales

MMSCM

100

75

360

227

58%

PNG Sales

MMSCM

89

91

337

288

17%

Financial Performance

 

 

 

 

 

 

Revenue from Operations

INR Cr

1,065

614

3,206

1,784

80%

EBITDA

INR Cr

141

224

815

749

9%

Profit before Tax

INR Cr

104

191

679

631

8%

Profit After Tax

INR Cr

76

145

505

472

7%

 

Results Commentary FY22 - Y-o-Y

  • CNG Volume has increased by 58% on account of addition of new CNG stations and strong recovery of economic activity
  • PNG Volume has increased by 17% due to addition of new customers and recovery of economic activity
  • Increase of Revenue by 80% on account of higher volume coupled with increase in sales price
  • EBITDA increased by 9% on account of strong operational performance
  • For Q4 FY22, despite significant increase in the R-LNG prices, volume curtailment by gas suppliers to ATGL, APM gas price revision effective from 01 Oct 2021 and lower allocation of APM gas, the company registered EBITDA of INR 141 Cr as against EBIDTA of INR 224 Cr during the corresponding quarter of previous year. As a result of volume curtailment by our gas suppliers, ATGL has also consequently calibrated its supplies to industrial consumers.

 

ESG Initiative

As a part of ESG program, ATGL has launched’Greenmosphere’, a unique initiative that aims to create a Low Carbon Society (LCS) through community collaboration. ATGL will undertake intensive plantations, bring in awareness of LCS in schools/colleges and carry out energy audits.
https://www.adanigas.com/greenmosphere

“In spite of challenging global circumstances with gas prices at an all-time high, local constraints on the supply of R-LNG and a shortfall in APM gas, Team ATGL has once again delivered a resilient performance both by adding 117 CNG stations and by generating our highest annual consolidated PAT of INR 510 Cr,” said Mr Suresh P Manglani, CEO of Adani Total Gas. “The award of 14 new Geographical Areas expands ATGL’s coverage to 124 districts touching 14% of the population. This will aid in taking the momentum further forward of building city gas distribution infrastructure on a pan-India basis and provide ATGL the opportunity to serve a larger consumer base in the coming years. Further, as part of a dedicated business strategy, the board has approved the formation of two separate SPVs for E-Mobility and Bio businesses. This will be immensely advantageous considering that ATGL and its promoters have a strong infrastructure and utility presence across India.”

Chat with us