Adani Total Gas Q1 FY25 Results

Overall Volume up by 17% in Q1 FY25, Y-o-Y

CNG network increases to 559 stations

PNG household increased to 8.58 lakh PNG homes

EBITDA up 21% Y-o-Y – INR 308 Cr

1212 EV charging points spread across 15 states


 

EDITOR’S SYNOPSIS

Operational Highlights Q1FY25 (Standalone):

  • CNG Stations now increased to 559, added 12 new CNG Stations
  • Total PNG home at 8.58 lakh, added 38,165 new homes on PNG
  • Industrial & Commercial connections at  8,542 added 211 new consumers
  • Completed ~ 12,244 Inch Km of Steel Pipeline 
  • Combined CNG and PNG volume of 230 MMSCM, increase of 17%, Y-o-Y 

 

Financial Highlights Q1FY25 (Standalone) Y-o-Y:

  • Revenue from Operations at INR 1,237 Cr , increased by 9%
  • EBITDA of INR 308 Cr, increased by 21%
  • PAT at INR 177 Cr, , increased by 20%

Consolidated Q1FY25 PAT: 

  • Consolidated PAT at INR 172 Cr, increased by 14% Y-o-Y

Pan India Footprint –Q1FY25 (With JV namely IOAGPL):

  • CNG Stations network of 927, added 24 new CNG Stations
  • Total PNG home at 10.2 lakh, added 0.44 lakh new households on PNG
  • Industrial & Commercial connections at 3,142 added 100 new consumers
  • Completed ~  22,510 Inch Km of Steel Pipeline 

Key Business updates

  • ATGL received approval from the regulator, PNGRB for transfer of Letter of Authorization of Jalandhar GA pursuant to Business Transfer Agreement. Jalandhar GA in Punjab provides high volume growth opportunity to the Company. 

Adani TotalEnergies E-mobility Limited (ATEL)

  • 1212 EV charging points have been commissioned across 15 states 
  • Additional 740+ EV charging points are under various stages of construction with EV fleets companies, Govt. Authorities, tourism departments municipal corporations etc.

Ahmedabad, 29th July 2024: Adani Total Gas Ltd (“ATGL”), India’s leading City Gas Distribution company, announced today its operational and financial performance for the full year (FY24) and quarter ended 30st June 2024.


“It has been a good start for FY25 as ATGL delivered a robust operational and financial performance by achieving a 21% YoY EBITDA growth on the back of 17% volume growth,” said Mr. Suresh P Manglani, ED & CEO of Adani Total Gas .“During the quarter, ATGL received approval from regulator for the transfer of Letter of Authorization for Jalandhar Geographical Area (GA) which provides high volume growth opportunity to the Company. We have also crossed a significant milestone of 1000+ EV charging points, reaching 1212 EV charging points across multiple locations.

We continue to see more traction on natural gas as we further build CGD infrastructure and penetrate deeper across multiple GAs. With newer sustainable energy in form of E-mobilty, LNG and Biomass, we remain fully committed to provide a sustainable energy platform to our consumers and playing a leading role in the country’s energy transition journey .” 

 

Standalone Operational and Financial Highlights:


Particulars

UoM

Q1 FY25

Q1 FY24

% Change YoY

Operational Performance

 

 

 

 

Sales Volume 

MMSCM

230

198

17%

CNG Sales

MMSCM

153

128

20%

PNG Sales 

MMSCM

77

70

11%

Financial Performance

 

 

 

 

Revenue from Operations

INR Cr

1,237

1,135

9%

Cost of Natural Gas

INR Cr

804

793

1%

Gross Profit

INR Cr

434

342

27%

EBITDA

INR Cr

308

255

21%

Profit before Tax

INR Cr

237

199

19%

Profit After Tax

INR Cr

177

148

20%

Results Commentary Q1FY25

 

  • CNG Volume increased by 20% Y-o-Y on account of network expansion across multiple Geographical Areas (GAs).
  • With optimization of gas prices there has been a recovery in PNG Industrial volume and also with addition of new PNG connection in domestic and commercial segments, PNG Volume has increased by 11% Y-o-Y
  • EBITDA has increased by 21% Y-o-Y on account of higher volume
  • During the quarter, credit rating of ATGL has been upgraded to “ICRA AA” Stable from “ICRA AA-“ Stable


Key ESG Highlights


  • 4 Sites are now facilitated by rainwater harvesting with target to become water neutral by 2030
  • Installed additional ~34 KW of solar capacity in this quarter, with total installed capacity reaching to 934 KW across multiple locations
  • Maintained 100% of Light Commercial Vehicles (520 Nos) on CNG
  • In the process of completing final certification audit for Zero Waste to landfill certification for 5 sites.

About Adani Total Gas


Given its gas distribution, ATGL is authorised in 34 Geographical Areas and plays a significant role in the nation’s efforts to enhance the share of natural gas in its energy mix. Of the 53 GAs, 34 are owned by ATGL and the balance 19 GAs are owned by Indian Oil-Adani Gas Private Limited (IOAGPL) – a 50:50 joint venture between Adani Total Gas Limited and Indian Oil Corporation Limited. Further, ATGL has formed 2 wholly owned subsidiaries namely Adani TotalEnergies E-Mobility Ltd (ATEL) and Adani TotalEnergies Biomass Ltd (ATBL) for its E-Mobility and Biomass Business respectively. ATGL has also formed a 50:50 joint venture, namely Smart Meter Technologies Private Limited for its gas meter manufacturing business.
For more information, please visit https://www.adanigas.com/  



For Media Queries:


Roy Paul roy.paul@adani.com  



For Investor Queries:


Priyansh Shah priyansh.shah@adani.com  

Chat with us