Adani Total Gas reported flat 0.67% growth in total revenues for the Dec-20 quarter on consolidated basis at Rs522.27cr. The combined volume of CNG and PNG stood at 153MMCM in Q3 versus 154MMCM in Dec-19 quarter. However, on a sequential basis, the average volumes bounced 17% at 1.67MMSCMD. Total of France took a 20% stake in Adani Gas during the quarter.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was up 26.25% at Rs145.87cr on the back of sharply lower cost of natural gas in line with the government’s new gas pricing policy. The company has also undertaken a cost-control policy. As a result, the PAT margins improved from 22.27% in Dec-19 to 27.93% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
|
|
Adani Total Gas |
|
|
|
|
Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
|
Total Income (Rs cr) |
₹ 522.27 |
₹ 518.77 |
0.67% |
₹ 441.16 |
18.39% |
|
Net Profit (Rs cr) |
₹ 145.87 |
₹ 115.54 |
26.25% |
₹ 134.31 |
8.61% |
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|
|
|
|
|
|
|
Diluted EPS (Rs) |
₹ 1.33 |
₹ 1.05 |
|
₹ 1.22 |
|
|
Net Margins |
27.93% |
22.27% |
|
30.44% |
|
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