Overall Volume up by 17% in Q1 FY25, Y-o-Y
CNG network increases to 559 stations
PNG household increased to 8.58 lakh PNG homes
EBITDA up 21% Y-o-Y – INR 308 Cr
1212 EV charging points spread across 15 states
Editor’s Synopsis
- Operational Highlights Q1FY25 (Standalone):
- CNG Stations now increased to 559, added 12 new CNG Stations
- Total PNG home at 8.58 lakh, added 38,165 new homes on PNG
- Industrial & Commercial connections at 8,542 added 211 new consumers
- Completed ~ 12,244 Inch Km of Steel Pipeline
- Combined CNG and PNG volume of 230 MMSCM, increase of 17%, Y-o-Y
- Financial Highlights Q1FY25 (Standalone) Y-o-Y:
- Revenue from Operations at INR 1,237 Cr , increased by 9%
- EBITDA of INR 308 Cr, increased by 21%
- PAT at INR 177 Cr, increased by 20%
- Consolidated Q1FY25 PAT:
- Consolidated PAT at INR 172 Cr, increased by 14% Y-o-Y
- Pan India Footprint –Q1FY25 (With JV namely IOAGPL):
- CNG Stations network of 927, added 24 new CNG Stations
- Total PNG home at 10.2 lakh, added 0.44 lakh new households on PNG
- Industrial & Commercial connections at 3,142 added 100 new consumers
- Completed ~ 22,510 Inch Km of Steel Pipeline
- Key Business updates:
- ATGL received approval from the regulator, PNGRB for transfer of Letter of
Authorization of Jalandhar GA pursuant to Business Transfer Agreement. Jalandhar
GA in Punjab provides high volume growth opportunity to the Company.
- Adani TotalEnergies E-mobility Limited (ATEL) :
- 1212 EV charging points have been commissioned across 15 states
- Additional 740+ EV charging points are under various stages of
construction with EV fleets companies, Govt. Authorities, tourism
departments municipal corporations etc.
Ahmedabad, 29th July 2024: Adani Total Gas Ltd (“ATGL”), India’s
leading City Gas Distribution (CGD) company, today announced its operational and financial
performance for the quarter ended 30th June 2024.
“It has been a good start for FY25 as ATGL delivered a robust operational and financial
performance by achieving a 21% YoY EBITDA growth on the back of 17% volume growth,” said
Mr. Suresh P Manglani, ED & CEO of Adani Total Gas. “During the quarter, ATGL
received approval from regulator for the transfer of Letter of Authorization for Jalandhar
Geographical Area (GA) which provides high volume growth opportunity to the Company. We have
also crossed a significant milestone of 1000+ EV charging points, reaching 1212 EV charging
points across multiple locations.
“We continue to see more traction on natural gas as we further build CGD infrastructure and
penetrate deeper across multiple GAs. With newer sustainable energy in form of E-mobilty, LNG
and Biomass, we remain fully committed to provide a sustainable energy platform to our consumers
and playing a leading role in the country’s energy transition journey.”
Standalone Operational and Financial Highlights:
| Particulars |
UoM |
Q1
FY25 |
Q1
FY24 |
%
change
YoY |
| Operational Performance |
|
|
|
|
| Sales Volume |
MMSCM
|
230 |
198 |
17% |
| CNG Sales |
MMSCM |
153 |
128 |
20% |
| PNG Sales |
MMSCM |
77 |
70 |
11% |
| Financial Performance |
|
|
|
|
| Revenue from Operations |
INR Cr |
1,237 |
1,135 |
9% |
| Cost of Natural Gas |
INR Cr |
804 |
793 |
1% |
| Gross Profit |
INR Cr |
434 |
342 |
27% |
| EBITDA |
INR Cr |
308 |
255 |
21% |
| Profit Before Tax |
INR Cr |
237 |
199 |
19% |
| Profit After Tax |
INR Cr |
177 |
148 |
20% |
Results Commentary Q1FY25
- CNG Volume increased by 20% Y-o-Y on account of network expansion across multiple
Geographical Areas (GAs).
- With optimization of gas prices there has been a recovery in PNG Industrial volume and also
with addition of new PNG connection in domestic and commercial segments, PNG Volume has
increased by 11% Y-o-Y
- EBITDA has increased by 21% Y-o-Y on account of higher volume.
- During the quarter, credit rating of ATGL has been upgraded to “ICRA AA”
Stable from “ICRA AA-“ Stable
Key ESG Highlights
- 4 Sites are now facilitated by rainwater harvesting with target to become
water neutral by 2030
- Installed additional ~34 KW of solar capacity in this quarter, with total
installed capacity reaching to 934 KW across multiple locations
- Maintained 100% of Light Commercial Vehicles (520 Nos) on CNG
- In the process of completing final certification audit for Zero Waste to landfill
certification for 5 sites.
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