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Informist, Monday, Apr. 28, 2025

 

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--Adani Total FY25 consol revenue INR 54.12 bln vs INR 48.16 bln year ago 
--Adani Total FY25 consol PAT INR 6.54 bln vs INR 6.68 bln year ago 
--Adani Total to pay 0.25 per share dividend for FY25 
--Adani Total Jan-Mar consol revenue INR 14.53 bln vs INR 12.58 bln year ago 
--Adani Total Jan-Mar consol PAT INR 1.55 bln vs INR 1.68 bln year ago
--Adani Total Jan-Mar consol EBITDA INR 2.74 bln vs INR 3.03 bln year ago 
--Adani Total Jan-Mar natural gas costs INR 10.15 bln, up 27% on year 
--Adani Total added 386 commercial, industry piped gas users in Jan-Mar 
--Adani Total added 42 CNG stations in Jan-Mar; total CNG stations at 647 
--Adani Total Jan-Mar sales volume at 263 mscm, up 13% on year 
--Adani Total Jan-Mar CNG sales at 177 mscm, up 18% on year 
--Adani Total Jan-Mar piped gas sales at 87 mscm, up 5% on year

 

By Anand JC

 

NEW DELHI - Adani Total Gas Ltd. reported a year-on-year decline in its consolidated net profit for the second straight quarter owing to a double-digit increase in total expenses for the March quarter. The Ahmedabad-based city gas distributor reported a consolidated net profit of INR 1.5 billion for the March quarter, 8% lower compared with INR 1.7 billion in the base quarter. In the preceding quarter, the company's profit was INR 1.4 billion, and was down 20% on year. 

 

The company's consolidated revenue from operations for the March quarter was INR 14.5 billion, up 16% year on year. Its other income was INR 82.2 million, down from INR 150 million a year ago. Adani Total Gas' total expenses for the reporting quarter was INR 12.6 billion, up 21% on year, but up only 3.9% sequentially. The overall expenses saw a sharp increase primarily due to a 28% on year increase in the cost of natural gas and traded items for the March quarter to INR 9 billion. Sequentially, this cost grew only 2%. For the March quarter, Adani Total Gas incurred a cost of INR 10.2 billion for procuring natural gas, up 27% on year. 

 

The company accounted for a depreciation and amortisation expense of INR 533 million, 9% higher on year. Its other expenses for the March quarter was INR 1.6 billion, up 3.5% on year. Adani Total Gas' finance costs for the quarter was INR 237 million, down 18% from INR 291 million incurred in the corresponding quarter a year ago.

 

The natural gas supplier's tax expense for the quarter was INR 491 million, down 20% from INR 613 million a year ago.

 

For 2024-25 (Apr-Mar), the company reported a net profit of INR 6.5 billion, down 2% from the previous year. Its revenue during the year was INR 54.1 billion, up 12% from INR 48.2 billion in FY24. The company will pay a dividend of INR 0.25 per share for FY25.

 

The company's earnings consolidated before interest, taxes, depreciation, and amortisation for the March quarter was INR 2.7 billion, down 10% on year. For FY25, its EBITDA was INR 11.7 billion, up 1% from a year ago.

 

OPERATIONAL UPDATES

Adani Total Gas' compressed natural gas stations went up to 647 as of Mar. 31, up from 605 as of Dec. 31. The company added 40,991 piped natural gas connections and 386 industrial and commercial customers in the final quarter. 

 

Adani Total Gas added 42 CNG stations in the March quarter. The company's CNG volumes for the March quarter were 177 million standard cubic metres, up 18% on year. As of FY25-end, its CNG volumes was 663 mscm, up 19% on year due to network expansion across multiple geographical areas, the company said in a press release. 

 

During the reporting quarter, its PNG volumes were 87 mscm, up 5% on year. Recovery of industrial volume and addition of new domestic, commercial connections helped PNG volumes increase 7% on year to 330 mscm, the company said. The combined CNG and PNG volume sales for the March quarter were 263 mscm, up 13% on year.

 

Adani Total Gas' gross debt increased by INR 2.8 billion to INR 17.5 billion as of Mar. 31. Its net debt-to-EBITDA increased to 1.06 as of Mar. 31 from 0.89 last year. The company disclosed its earnings after the markets closed for the day. Monday, its shares ended 2.8% higher on the National Stock Exchange at INR 617 per share.  End

 

Edited by Akul Nishant Akhoury

 

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