- Overall Volume up by 15% in FY24 & 20% in Q4 FY24, Y-o-Y
- CNG network increases to 547 stations inclusive of 108 DODO/CODO stations
- PNG household increased to 8.20 lakh PNG homes
- FY24 EBITDA – Rs 1,150 Cr, up 27% Y-o-Y
NE BUSINESS BUREAU
AHMEDABAD, MAY 2
Adani Total Gas Ltd (ATGL), India’s leading City Gas Distribution (CGD) company, reported a 71.6% rise in Q4 net profit on Tuesday. Net profit climbed to Rs 168 crore in Q4 against Rs 97.9 crore in the March 2023 quarter. Revenue rose 4.7% to Rs 1,167 crore in the last quarter against Rs 1,114.8 crore in the corresponding quarter of the previous fiscal.
The Selling, general & administrative expenses rose by 12.12% q-o-q & increased by 28.45% Y-o-Y.
The company has also declared final dividend of ₹0.25. The ex-dividend date will be 14 Jun, 2024.
“FY24 has been a transformative year for ATGL. We delivered a robust operational and financial performance and achieved a 27% YoY EBITDA growth on the back of 15% volume growth,” said Suresh P Manglani, ED & CEO of Adani Total Gas.
“We are fully committed to India’s energy transition journey and continue to invest in creating world class infrastructure across our Geographical Areas (GAs) and diversifying into areas adjacent to our core CGD business. We are incubating new business opportunities in the areas of Compressed Biogas, EV Charging Infrastructure, and LNG for trucking and Mining (LTM). During the quarter, we commissioned the 1st phase of one of the India’s largest diversified feedstock-to-CBG plant at Barsana in Mathura and also expanded our E-Mobility footprint to 23 states. These, along with LTM are our next big growth drivers and we are steadily executing a sustainable business plan around these neo-opportunities,” he added.
The operating income was down by 4.14% q-o-q & increased by 45.52% Y-o-Y.
The EPS is ₹1.53 for Q4 which increased by 72.03% Y-o-Y.
Adani Total Gas has delivered 0.64% return in the last 1 week, 64.65% return in last 6 months and -5.96% YTD return.
Currently the Adani Total Gas has a market cap of ₹102183.4 Cr and 52wk high/low of ₹1259.4 & ₹522 respectively.
Standalone Operational and Financial Highlights
| Particulars | UoM | FY24 | FY23 | % Change YoY |
Q4 FY24 | Q4 FY23 | % Change YoY |
| Operational Performance | |||||||
| Sales Volume | MMSCM | 865 | 753 | 15% | 232 | 193 | 20% |
| CNG Sales | MMSCM | 557 | 459 | 21% | 149 | 121 | 23% |
| PNG Sales | MMSCM | 308 | 294 | 5% | 83 | 72 | 15% |
| Financial Performance | |||||||
| Revenue from Operations | INR Cr | 4,813 | 4,683 | 3% | 1,257 | 1,197 | 5% |
| Cost of Natural Gas | INR Cr | 3,188 | 3,392 | -6% | 797 | 891 | -11% |
| Gross Profit | INR Cr | 1,626 | 1,292 | 26% | 461 | 307 | 50% |
| EBITDA | INR Cr | 1,150 | 907 | 27% | 305 | 205 | 49% |
| Profit Before Tax | INR Cr | 882 | 716 | 23% | 227 | 142 | 60% |
| Profit After Tax | INR Cr | 653 | 530 | 23% | 165 | 104 | 59% |
