Adani Total Gas posts 8% rise in Q1 profits at Rs 150cr

Spread the love

AHMEDABAD: Adani Complete Gasoline Restricted (ATGL), which is a part of the ports-to-power conglomerate, Adani Group, on Tuesday introduced its first quarter outcomes and posted an 8% rise in its quarterly earnings.

The corporate posted Rs 150 crore revenue within the first quarter of FY 2024 as in comparison with Rs 138 crore within the corresponding quarter. The gross sales volumes rose 8% at 198 million metric customary cubic meters (MMSCM), from 183 MMSCM throughout the interval. Regardless of larger quantity, the price of fuel additionally remained flat on account of decrease home fuel value, ATGL stated in its regulatory submitting.
ATGL’s income from operations stood at Rs 1,135 crore, up 2% as in comparison with Rs 1,100 crore within the year-ago interval.

“To start with of the quarter, the CGD (metropolis fuel distribution) business noticed key assist from authorities notifying the steadiness of APM costs with flooring and cap which helped ATGL to scale back the costs of PNG and CNG making it extra inexpensive for finish shoppers to go for cleaner gas as their most well-liked selection,” stated Suresh P Manglani, ED & CEO, ATGL.

Spread the love

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top