The Adani Group company's net profit rose 20 per cent in the first quarter (April-June) of the current financial year to Rs. 177 crores. The company said in a statement on Monday that its profit increased due to increase in sales of CNG and piped cooking gas (PNG) during the April-June quarter.
The company's net profit for the quarter under review was Rs 177 crore, while its profit for the same quarter last year was Rs. 148 crores.
During the period under review, Adani Total Gas's operating income grew by nine percent to Rs. 1,237 crores. During this period, the company's pre-tax earnings (Ebitda) grew by 21 percent year-on-year to Rs. 308 crores.
The company said CNG sales rose 20 percent to 153 million standard cubic meters in the first quarter of FY2024-25. PNG sales rose 11 percent to 77 million standard cubic meters.
Suresh P Mangalani, Executive Director and Chief Executive Officer (CEO), Adani Total Gas Limited said, “This is a good start to the financial year 2024-25.
The company delivered strong operational and financial performance achieving 21 percent EBITDA growth with 17 percent volume growth.”
Shares of Adani Total rose more than 4% today on Monday. The company's share today is Rs. An intraday high of 924 was reached. The stock has gained 34% in one year and 147% in five years.
The stock is up 10% so far this year and 13% in six months. Its 52 week high is Rs 1,259.90 and its 52 week low is Rs 521.95. The market cap of the company is Rs. 98,185.55 crores.
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