Adani Total Gas December Quarter Results: The net profit of Adani Total Gas, an Adani Group company, on a consolidated basis in the October-December 2024 quarter declined by 19 percent year-on-year to Rs 142.38 crore. The company’s profit in the same quarter a year ago was Rs 176.64 crore. In the information given to the stock exchanges, it has been said that on the other hand, consolidated revenue from operations increased by 12.6 percent to Rs 1400.88 crore as compared to a year ago. It was Rs 1244 crore in the December 2023 quarter.
Adani Total Gas’ expenses on a consolidated basis increased to Rs 1,216.82 crore in the December 2024 quarter. A year ago it was Rs 1,025.97 crore. On standalone basis, the company’s EBITDA stood at Rs 272 crore, net profit at Rs 143 crore and revenue from operations at Rs 1,397 crore.
How many new CNG stations opened?
The company said in the statement that on a standalone basis, it opened 28 new CNG stations during the December 2024 quarter, taking its total number of CNG stations to 605. Provided PNG home connections to 28,677 new homes, after which the total PNG home connections reached 9.22 lakh. Opened 41 new CNG stations in the December 2024 quarter with joint venture IOAGPL, after which the number of CNG stations across India has reached 999. . Adani Total Gas’s PNG home connections with IOAGPL have crossed 10 lakh.
Adani Total Gas shares fall
There is a decline in the shares of Adani Total Gas on 27 January. The price fell by more than 3 percent and closed at Rs 619.55 on BSE. The market cap of the company has remained at Rs 68100 crore. The stock has fallen 38 percent in the last one year and 17 percent so far in the month of January. The stock has a 52-week high of Rs 1,197.95 and a 52-week low of Rs 550.25. By the end of December 2024, promoters held 74.80 percent stake in the company.
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