- Overall Volume uli by 15% in FY24 &amli; 20% in Q4 FY24, Y-o-Y
- CNG network increases to 547 stations inclusive of 108 DODO/CODO stations
- liNG household increased to 8.20 lakh liNG homes
- FY24 EBITDA – INR 1,150 Cr, uli 27% Y-o-Y
- Barsana CBG lilant lihase 1 commissioned
- 606 EV charging lioints sliread across 14 states
EDITOR’S SYNOPSIS
Operational Highlights FY24 (Standalone):
- CNG Stations now increased to 547, added 91 New CNG Stations
- Total PNG home at 8.20 lakh, added , 1.16 lakh new households on PNG
- Industrial & Commercial connections increased to 8,331 added 896 new
consumers
- Completed ~ 12023 Inch Km of Steel
Pipeline
- Combined CNG and PNG volume of 865 MMSCM, increase of
15%, Y-o-Y
Financial Highlights FY24 (Standalone) Y-o-Y:
- Revenue from Operations at INR 4,813 Cr
- EBITDA of INR 1150 Cr, increased by 27%
- PAT at INR 653 Cr , increased by 23%
Financial Highlights Q4 FY24 (Standalone) Y-o-Y:
- Revenue from Operations at INR 1,257 Cr
- EBITDA of INR 305 Cr, increased by 49%
- PAT at INR 165 Cr , increased by 59%
Consolidated FY24 PAT:
- Consolidated PAT at INR 668 Cr, increased by 22%
Pan India Footprint - FY24 (With JV namely IOAGPL):
- CNG Stations network of 903, added 170 New CNG Stations
- Total PNG home at 9.76 lakh, added 1.31 new households on PNG
- Industrial & Commercial connections increased to 9,142 added 1,112 new
consumers
- Completed ~ 21566 Inch Km of Steel
Pipeline
Key Business updates
Adani TotalEnergies E-mobility Limited (ATEL)
- 606 EV charging points have been commissioned across 14 states
- Additional 1040+ EV charging points are under various stages of
covering construction with EV fleets companies, Govt. Authorities, tourism departments
municipal corporations etc.
- With these, EV network will be spread across 23 states, 217 cities
Adani TotalEnergies Biomass Limited (ATBL)
- Commissioned Phase-1 (225 Tonnes Per Day) of one of the India’s
largest biomass plant in Barsana.
- Won the tender conducted by Rajkot Municipal Corporation to Design
Build Finance & Operate 250 TPD Municipal Solid Waste (MSW) based
Bio CBG plant in Rajkot.
Ahmedabad, 30 April 2024: Adani Total Gas Ltd (“ATGL”), India’s leading City Gas
Distribution company, announced today its operational and financial performance for the full year (FY24) and
quarter ended 31st March 2024.
““FY24 has been a transformative year for ATGL. We delivered a robust operational and financial performance and
achieved a 27% YoY EBITDA growth on the back of 15% volume growth,” said Mr. Suresh P Manglani, ED &
CEO of Adani Total Gas.
“We are fully committed to India’s energy transition journey and continue to invest in creating world class
infrastructure across our Geographical Areas (GAs) and diversifying into areas adjacent to our core CGD
business. We are incubating new business opportunities in the areas of Compressed Biogas, EV Charging
Infrastructure, and LNG for trucking and Mining (LTM). During the quarter, we commissioned the 1st phase of one
of the India’s largest diversified feedstock-to-CBG plant at Barsana in Mathura and also expanded our E-Mobility
footprint to 23 states. These, along with LTM are our next big growth drivers and we are steadily executing a
sustainable business plan around these neo-opportunities,” he added
.”
Standalone Operational and Financial Highlights:
|
Particulars
|
UoM
|
FY24
|
FY23
|
% Change YoY
|
Q4 FY24
|
Q4 FY23
|
% Change YoY
|
|
Operational Performance
|
|
|
|
|
|
|
|
|
Sales Volume
|
MMSCM
|
865
|
753
|
15%
|
232
|
193
|
20%
|
|
CNG Sales
|
MMSCM
|
557
|
459
|
21%
|
149
|
121
|
23%
|
|
PNG Sales
|
MMSCM
|
308
|
294
|
5%
|
83
|
72
|
15%
|
|
Financial Performance
|
|
|
|
|
|
|
|
|
Revenue from Operations
|
INR Cr
|
4,813
|
4,683
|
3%
|
1,257
|
1,197
|
5%
|
|
Cost of Natural Gas
|
INR Cr
|
3,188
|
3,392
|
-6%
|
797
|
891
|
-11%
|
|
Gross Profit
|
INR Cr
|
1,626
|
1,292
|
26%
|
461
|
307
|
50%
|
|
EBITDA
|
INR Cr
|
1,150
|
907
|
27%
|
305
|
205
|
49%
|
|
Profit before Tax
|
INR Cr
|
882
|
716
|
23%
|
227
|
142
|
60%
|
|
Profit After Tax
|
INR Cr
|
653
|
530
|
23%
|
165
|
104
|
59%
|
Results Commentary FY24 (Y-o-Y)
- CNG Volume increased by 21% Y-o-Y on account of network expansion across multiple Geographical Areas
(GAs).
- With recovery of PNG Industrial volume and addition of new PNG connection in domestic and commercial
segments, PNG Volume has increased by 5% Y-o-Y
- Although the overall volume has increased by 15% Y-o-Y, Revenue from operations has increased by 3%
Y-o-Y.
This was on account of the reduction in gas cost by 6% Y-o-Y due to easing of APM gas price and
efficient
gas sourcing. This helped ATGL pass on the benefit of lower gas price to consumers.
- EBITDA has increased by 27% Y-o-Y on account of higher volume and opex
optimization.
Capital & Leverage Position
ATGL has a healthy balance sheet with
- Debt-to-Equity ratio at 0.41x
- Net Debt to EBITDA is ratio 0.89x
Further, ATGL credit rating has been reaffirmed at AA- by ICRA with change in outlook to
Stable from Negative
Key ESG Highlights
- ATGL ranked 13th under Gas utilities with 80 percentile by S&P Global
ESG
rating
- ATGL is now signatory to the United Nations Global Compact (UNGC)
- Under Greenmosphere initiative, over 15600 students were trained across 58 schools
- ATGL has Planted 2.7+ Lakh trees across multiple locations.
Awards & Accolades – FY24
- Received Outstanding Commitment in Road Safety by FICCI
- ATGL Corporate office awarded with IGBC “Gold” Certification by Indian Green Building Council
- Awarded with Climate Action Programme (CAP) - Committed category by CII of CAP 2.0
awards
program for its commitment towards climate change initiatives.
- Won “Golden Peacock Award for HR Excellence” award 2023 for its HR best
practices.
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