Adani Total Gas H1FY25 & Q2 Results

Q2FY25 Volume up 15% YoY

CNG network increases to 577 stations

PNG household increased to 8.93 lakh homes

1,486 EV charging points spread across 21 states

Commission First LNG Retail Station for transport vehicles

Q2FY25 EBITDA stood at INR 313 Crs

ATGL provides Digital Delight, with 98% consumer collections and engagement coming through My Adani Gas App integrated with its homegrown Digital Business Platform - SOUL ~93% of CNG sales are managed through SOUL platform

EDITOR’S SYNOPSIS

Operational Highlights Q2FY25 (Standalone):

Increased CNG stations to 577by adding 18 new stations
Expanded PNG home connections to 8.93 lakh, by adding34,468new households Increased Industrial & Commercial connections to 8,746with204 new consumers added
Completed cumulative ~ 12,516 Inch Km of Steel Pipeline network
Combined CNG and PNG volume of 242 MMSCM, a 15%increase Y-o-Y
Enhanced virtual network capacity to 3 operational units, by adding one more LCNG/LPNG unit in Lunavada, Kheda. This improves last mile connectivity for PNG Consumers

Pan India Footprint –Q2FY25 (With JV namely IOAGPL):

Combined network of 958 CNG Stations, with 31new stations added
PNG home connections cross 1 million mark to 1.06 million, touching over 4 million lives on a daily basis.
Grew Industrial & Commercial connections to 9719, byadding 273 new consumers
Completed cumulative ~ 22,608 Inch Km of Steel Pipeline network

Hydrogen Blending and LTM Business Update

Operationalized H2 blending pilot program in Ahmedabad with expected production of ~ 16 Kg / Day, which will be supplied to ~ 4000 PNG consumers
Commissioned 1st LNG retail outlet in Tiruppur. Two more are under construction in Dahej and Mundra

Key Business updates

In September’24, ATGL secured the largest global financing in India’s City Gas Distribution Business of USD 375 Mn to accelerate network infrastructure development program
With effect from 16 October 2024, there has been lower allocation of APM gas by 16% as compared to earlier allocation. While such lower allocation could impact the profitability going forward, ATGL is closely examining the situation and will calibrate it’s retail prices to mitigate the impact and will explore opportunities to seek competitive gas to ensure uninterrupted supply

Adani TotalEnergies E-mobility Limited (ATEL)

1486 EV charging points have been commissioned across 213 cities

Digitalization and Customer Delight Highlights

ATGL provides Digital Delight, with 98% consumer collections and engagement coming through My Adani Gas App integrated with its homegrown Digital Business Platform – SOUL
More than 93% of our CNG sales are now managed through the Soul Digital platform. This encompasses continuous monitoring of vital performance parameters
Also launched self-service KIOSK at our service centers and call center operations for EV charging business

Financial Highlights Q2FY25 (Standalone) Y-o-Y:

Revenue from Operations increased by 12%, reaching INR 1315 Cr,
EBITDA rose by 8% to INR 313 Cr,
PAT increased by 6%, reaching INR 178 Cr

Consolidated Q2FY25 PAT H1FY25 (Standalone) Y-o-Y:

Consolidated PAT at INR 186 Cr, increased by 7% Y-o-Y

Financial Highlights H1FY25 (Standalone) Y-o-Y:

Revenue from Operations increased by 10%, reaching INR 2,553 Cr,
EBITDA rose by 14% to INR 621 Cr,
PAT increased by 13%, reaching INR 355 Cr

Consolidated H1FY25 PAT

Consolidated PAT at INR 357 Cr, increased by 11% Y-o-Y

Ahmedabad, 24 October 2024: Adani Total Gas (ATGL), India’s leading energy transition company, continues its mission of transforming India's energy landscape through extensive infrastructure development.Today ATGL announced its operational, infrastructural and financial performance for the quarter and half year ended 30th September 2024.

ATGL has reported healthy operational and financial performance during the quarter. Our business is closely aligned with India’s energy transition goals which we are delivering by providing cleaner and greener energy solutions to all our consumers. We now reach over 9 lakh consumers through our piped gas network supplying uninterrupted piped natural gas. We have commissioned our first LNG station for the transportation segment and progressing towards covering key highway networks aiding India’s decarbonization march.

Following the recent reduction in APM gas allocation, which caters to auto CNG and home PNG consumers, we are closely monitoring the situation and given our diversified gas sourcing portfolio, we will ensure a calibrated pricing approach to balance the interest of our consumers” said Mr. Suresh P Manglani, CEO & ED, ATGL.

Standalone Operational and Infrastructural Highlights:

Particulars	UoM	H1 FY25	H1 FY24	% Change YoY	Q2 FY25	Q2 FY24	% Change YoY
Operational Performance
Sales Volume	MMSCM	472	408	16%	242	211	15%
CNG Sales	MMSCM	315	264	20%	162	136	19%

Particulars	UoM	As on 30 Sep’ 24	H1 Additions	Q2 Additions
Infrastructure Performance
CNG Stations	Nos.	577	30	18
MSN (IK)	Nos.	12516	493	272
Domestic-PNG	Nos.	893000	72633	34468
Commercial -PNG	Nos.	5914	288	142
Industrial-PNG	Nos.	2832	127	62

Operations Commentary Q2FY25

CNG Volume increased by 19% Y-o-Y on account of network expansion across multiple Geographical Areas (GAs).
With stabilization of gas prices, there has been an increase in consumption of PNG Industrial volume, and coupled with the addition of new PNG connection in domestic and commercial segments, PNG Volume has increased by 7% Y-o-Y
Overall volume has increased by 15% Y-o-Y

Standalone Financial Highlights:

Particulars	UoM	H1 FY25	H1 FY24	% Change YoY	Q2 FY25	Q2 FY24	% Change YoY
OperationalPerformance
Revenue from Operations	INR Cr	2,553	2,313	10%	1,315	1,178	12%
Cost of Natural Gas	INR Cr	1,675	1,567	7%	871	775	12%
Gross Profit	INR Cr	878	746	18%	444	403	10%
EBITDA	INR Cr	621	545	14%	313	290	8%
Profit Before Tax	INR Cr	477	424	13%	240	225	7%
Profit After Tax	INR Cr	355	315	13%	178	168	6%

Results Commentary Q2FY25

Revenue from operations rose by 12% on account of higher volume and sales realization
Despite higher volume, Cost of Natural gas rose by 12% due to balance gas portfolio across multiple indices
EBITDA rose by 8% to INR 313 Cr,supported by volume growth due to infrastructure expansion and operational efficiency

Key ESG Highlights

Rainwater Harvesting infrastructure to be an integral part towards development of new assets
Maintained 100%of Light Commercial Vehicles (520 Nos) on CNG as fuel for transportation of Cascades to Stations
961 Km covered for methane leak detection & Repair.
Through Greenmosphere program, 1150 trees were planted across stations
Total 18,963 training man hours conducted through 705 safety training programs