Business
Adani Total Gas Q2 profit rises 6% to ₹173 cr
The Hindu BusinessLine·
Adani Total Gas Ltd reported consolidated net profit up 6% to ₹173 crore in the July-September quarter of FY27. Revenue from operations rose 34% to ₹2,110 crore as gas sales volumes hit 315 million standard cubic metres. CNG volumes rose 17% to 223 MMSCM. PNG volumes rose 3% to 92 MMSCM. Natural gas input costs rose 43% year on year.
Prism
What It Means For You
- The company added 16 CNG stations, reaching 723, and about 40,000 new domestic PNG connections.
- EV charging points reached 5,513 across 26 states and 225 cities.
- Shares closed 1.06% lower at ₹553.3 on the BSE on Thursday.
What's Happening
- ATGL posted ₹173 crore profit and ₹2,110 crore revenue for Q2 FY27.
- EBITDA rose 12% to ₹340 crore despite higher Brent-linked gas costs.
- Sanjay Pandita will become CEO from November 1 after Suresh P Manglani retires October 31.
CNG and PNG volumes
- Steel pipeline network grew 318 inch-km to 16,305 inch-km in the quarter.
- ATGL and its Indian Oil joint venture cover 53 geographical areas combined.
- The firm sold 460 tonnes of compressed biogas in the first half of FY27.
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