Adani Total Gas Q4 and FY25 Results

Volume up 13% for Q4FY25 & 15% YoY for FY25

CNG network increases to 647 stations

PNG household increased to 9.63 lakh homes

Installed 3,401 EV charging points spread across 26 State/UTs

Launched “Harit Amrit” brand for sale of Organic Manure

EBITDA stood at INR 274 Cr for Q4FY25 & INR 1,167 Crs for FY25

Editor’s Synopsis

Operational Highlights Q4FY25 (Standalone):

Increased CNG stations to 647 by adding 42 new stations
Expanded PNG home connections to 9.63 lakh, by adding 40,991 new households
Increased Industrial & Commercial connections to 9,299 with 386 new consumers added
Completed cumulative ~ 13,772 Inch Km of Steel Pipeline network
Combined CNG and PNG volume of 263 MMSCM, a 13% increase Y-o-Y

Pan India Footprint - Q4FY25 (With JV namely IOAGPL):

Combined network of 1,072 CNG Stations, with 73 new stations added
PNG home connections cross 1 million mark to 1.14 million, touching over 4 million lives on a daily basis.
Grew Industrial & Commercial connections to 10,417, by adding 468 new consumers
Completed cumulative ~ 24,906 Inch Km of Steel Pipeline network

Key Business updates

The average supply of APM based natural gas for CNG (T) segment during the quarter was at ~49% and the combined volume allocation for APM and New Well Gas (NWG) / Intervention Gas for CNG was at ~56%.
Recently, with effect from 16^th April 2025, while APM allocation of natural gas for CNG (T) has been reduced from ~51% to ~37%, it has been replaced with New Well Gas (NWG) / Intervention Gas and the combined volume allocation of APM and NWG for CNG effective 16^th April is at ~65%.

Adani TotalEnergies E-mobility Limited (ATEL):

ATEL continues to expand its footprint to 3,401 installed EV charging points across 26 states/UTs
Out of 3401 installed EV charging points, ATEL has already energized 2,338 EV charging points and opened to public for charging
ATEL is currently the No 1 Airport Charge Point Operator (CPO) in the country with presence across 21 Airports with 100+ CPs awarded

Adani TotalEnergies Biomass Limited (ATBL)

Phase-1 of Barsana plant has achieved increased production of biogas at 6.9 TPD and is expected to ramp up further to 9-10 TPD in this financial year.
ATBL has started the sale of Fermented Organic Manure (FOM)/ Phosphate rich organic manure (PROM) under the brand name "Harit Amrit"

Financial Highlights Q4FY25 (Standalone) Y-o-Y:

Revenue from Operations increased by 15%, reaching INR 1,448 Cr
EBITDA stood at INR 274 Cr
PAT for the quarter was INR 149 Cr

Consolidated Q4FY25 PAT

Earned a consolidated PAT of INR 155 Cr

Financial Highlights FY25 (Standalone) Y-o-Y:

Revenue from Operations increased by 12%, reaching INR 5,398 Cr
EBITDA rose by 1% to INR 1,167 Cr
PAT declined by 1%, reaching INR 648 Cr

Consolidated FY25 PAT

Earned a consolidated PAT of INR 654 Cr

Ahmedabad, 28 April 2025: 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 year ended 31^st March 2025.

"During the year, Team ATGL has continued its thrust to expand access of PNG and CNG to large masses. ATGL has now expanded its infrastructure across CGD (close to 1 million PNG consumers and 647 CNG stations). ATGL has maintained momentum of delivering robust operational and infrastructure performance with a 15% year-on-year increase in volume, accelerating operations excellence supported by digitalization which has contributed in maintaining EBITDA of INR 1,167 Crs despite challenges faced by CGD sector on domestic gas allocation.

Furthermore, ATGL made significant progress in its new sustainable businesses. In e-mobility, 3,401 charging points have been installed out of which 2,338 EV charging points are energized. In Biomass, besides stabilizing CBG production at Barsana plant, we have launched brand "Harit Amrit" for sale of an organic fertilizer. We have commissioned our 1^st LNG station in Tiruppur. All the above efforts are in line with our commitment to spearhead India's energy mobility transition journey with customer centric approach and continue to have sustainable growth." said Mr. Suresh P Manglani, ED & CEO, ATGL.

Standalone Operational and Infrastructural Highlights:

Operational Performance

Particulars	UoM	FY25	FY24	% Change YoY	Q4 FY25	Q4 FY24	% Change YoY
Sales Volume	MMSCM	993	865	15%	263	232	13%
CNG Sales	MMSCM	663	557	19%	177	149	18%
PNG Sales	MMSCM	330	308	7%	87	83	5%

Infrastructure Performance

Particulars	UoM	As on 31 Mar' 25	12M Additions	Q4 Additions
CNG Stations	Nos.	647	100	42
MSN (IK)	Nos.	13,772	1,750	689
Domestic-PNG	Nos.	962,668	142,301	40,991
Commercial-PNG	Nos.	6,341	715	313
Industrial-PNG	Nos.	2,958	253	73

Infrastructure & Operations Commentary - Q4FY25

CNG stations network reach to 647 CNG stations across 34 GAs
Over 9.6 lakh homes are now connected with Piped Natural gas
CNG Volume increased by 18% Y-o-Y on account of CNG network expansion across multiple Geographical Areas (GAs)
With the addition of new PNG connections, PNG Volume has increased by 5% Y-o-Y
Overall volume has increased by 13% Y-o-Y

Standalone Financial Highlights:

Particulars	UoM	FY25	FY24	% Change YoY	Q4 FY25	Q4 FY24	% Change YoY
Revenue from Operations	INR Cr	5,398	4,813	12%	1,448	1,257	15%
Cost of Natural Gas	INR Cr	3,680	3,188	15%	1,015	797	27%
Gross Profit	INR Cr	1,718	1,626	6%	433	461	-6%
EBITDA	INR Cr	1,167	1,150	1%	274	305	-10%
Profit Before Tax	INR Cr	868	882	-2%	198	227	-12%
Profit After Tax	INR Cr	648	653	-1%	149	165	-10%

Results Commentary FY25

Revenue from operations rose by 12% on account of higher volume, primarily on CNG segment.
Besides higher volume, with lower allocation of APM gas to CNG segment and replacement with higher price gas, the cost of Natural gas rose by 15%. Allocation to D-PNG segment continued at 105%.
During the quarter, APM allocation for CNG segment was at ~49%, the balance was met with New Well / Intervention Gas, existing contracts and Spot procurement.
ATGL took a calibrated approach in passing the higher gas cost due to the replacement of APM gas with other sources while ensuring volume growth.
Consequently, EBITDA for FY25 has increased marginally despite lower allocation of APM gas due to volume growth.

Key ESG Highlights

ATGL's DJSI net ESG score improved to 62 from 54, positioned in 80^th percentile amongst the 143 companies
ATGL received Humanity Hero Award from Yuva Unstoppable for significant contribution towards CSR activities.
ATGL also received an award for Climate Action Program 2.0 oriented by CII
25 sites are now facilitated with Rainwater Harvesting system