Adani Total Gas Announces Q1 FY22 Results

Source: www.gulfoilandgas.com 8/4/2021, Location: Asia

Operational Highlights Q1FY22 (Standalone) Y-o-Y:
- CNG Stations increased to 224, with commissioning of 7 New CNG Stations
- PNG Home Connection increased to 4.88 Lacs with addition of 9,223 new connection
- Industrial & Commercial connection increased to 5,065 with addition of 99 new Industrial and Commercial connection
- Completed 2873 Inch Km of Steel Pipeline in New GA allotted in 9th and 10th round
- Combined CNG and PNG volume of 140 MMSCM, rise of 118%
- Combined Exit Volume on 30th June 2021 reached to 1.79 MMSCMD, thus signifying significant recovery in volume ahead of Q2FY22

Financial Highlights Q1 FY22 (Standalone) Y-o-Y:
- Revenue from Operations increased by 153% to INR 522 Cr
- EBITDA increased by 151% to INR 215 Cr
- PBT increased by 196% to INR 185 Cr
- PAT increased by 199% to INR 138 Cr

Adani Total Gas Limited (“ATGL”), one of India’s leading private companies in the gas utility sector in India announced today its operational and financial performance for the first quarter ended 30th June 2021.

Commenting on the quarter result of the Company, Mr. Gautam Adani, Chairman, Adani Group said, “The intent of both the Adani Group and TotalEnergies is to rapidly establish an energy portfolio that continues to get greener - and gas is a critical component of this mix. ATGL's strong performance is yet again a manifestation of this intent and we are strongly positioned to continue to significantly expand our CGD networks across all geographical areas. We realize that the on-ground situation has been challenging and, in this context, I am proud of the resilience demonstrated by our frontline employees. Each of them truly represents our joint belief in nation building.”

Mr. Suresh P Manglani, CEO of Adani Total Gas said, “Despite the severe onslaught of the Covid-19 pandemic across India, ATGL has delivered an excellent performance for Q1FY22 on all fronts – by its volume growth, infrastructure growth, financial results and by safely running operations on a 24x7 basis. This testifies to our strong foundations and continued growth, which are helping us to provide PNG to every home and to commercial and industrial consumers, and CNG to large masses of transport consumers. Besides growing core business, ATGL is now focusing on adopting and implementing strong ESG practices. Our long-term strategy is aligned with global best practices in the realm of sustainability while providing unhindered service to our consumers and creating value for all our stakeholders.”


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