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Informist, Monday, Jul. 28, 2025

By Afra Abubacker

NEW DELHI – Adani Total Gas Ltd.'s consolidated net profit for the June quarter fell nearly 4% on year to INR 1.65 billion. Though the company's bottom line declined year-on-year for the third consecutive time, it climbed 7% from the March quarter. 

The company's consolidated revenue from operations for the June quarter was INR 14.98 billion, up 21% on year. From the trailing quarter, it rose over 3%. The company's other income was INR 81.1 million, down 10% on year and 1.3% from the last quarter. Its total expenses were INR 12.8 billion, up 27% on year and just 2% from the previous quarter. 

"During the quarter, we achieved a robust year-on-year volume growth of 16%, driven by a 21% increase in CNG volumes," Suresh P. Manglani, executive director and chief executive officer at Adani Total Gas, said in a release. Total sales volume during the quarter was 267 million standard cubic metres--185 million standard cubic metres compressed natural gas and piped natural gas at 82 million standard cubic metres--up 21% on year and 6% on year, respectively. 

However, a 31% on-year rise in the cost of natural gas weighed on the company's bottom line.  "Besides higher volume, the gas cost increased by 31% largely due to the lower allocation of APM (Administered Price Mechanism) to the CNG segment being replaced by high-priced New well gas and HPHT (High-Pressure, High-Temperature) gas," the company said. To ensure volume growth, the company took a calibrated approach in passing on the higher price to consumers, it added. Consequently, the company's consolidated earnings before interest, taxes, depreciation, and amortisation for the June quarter were INR 3.01 billion, down from INR 3.05 billion on year.

The company accounted for a depreciation and amortisation expense of INR 556 million, nearly 22% higher on year. Adani Total Gas' finance costs for the quarter were INR 276 million, up 4.4% from INR 265 million incurred in the corresponding quarter a year ago. The natural gas supplier's tax expense for the quarter was INR 571 million, down 5% from INR 599 million a year ago. 

Adani Total Gas added three more compressed natural gas stations, taking the total to 650 stations. The electric vehicle charging points have increased to over 3,800, it added. "We are continuing expansion of our CGD (city gas distribution) networks across all 34 geographical areas with over 14,000 inch km of backbone steel pipelines," Manglani said. 

"Looking ahead, we are focused on expanding not only our CGD infrastructure across our geographical areas but also our LNG, e-mobility solutions, and CBG (Compressed Biogas) businesses," he added. During the quarter, the company commissioned its first biogas station in Hodal, Haryana.

Adani Total Gas and Jio-bp, the operating brand of Reliance BP Mobility Ltd., have signed an agreement to provide high-performance liquid fuels to consumers. On Monday, Adani Total Gas shares ended at INR 625.65, up 0.25%, on the National Stock Exchange.  End

Edited by Akul Nishant Akhoury

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