New Delhi, Oct 31 (UNI): On the back of higher sales volume, Adani Total Gas Ltd (ATGL) on Tuesday registered 8% year-on-year rise in consolidated net profit at Rs 173 crore for the quarter ending September 30, 2023.
The company had posted a profit of Rs 160 crore in the July-September quarter (Q2) of 2022-23.
The company’s consolidated revenue from operations however fell marginally to Rs 1,179 crore in Q2 FY24 as compared to Rs 1,190 crore in the same period a year ago.
Commenting on the financial and operational performance for the quarter and half-year ending September, Suresh P Manglani, ED & CEO of Adani Total Gas said that ATGL has shown continuance of all round strong performance in its core city gas distribution business.
“The volumes have increased by 9% during the first half year of this financial year resulting in an increase of EBITDA by 17% to Rs 545 crores. The company is continuing its focus on building PNG and CNG infrastructure across all its geographical areas to extend easy access of PNG and CNG giving boost to adaptation of natural gas as a fuel of their choice by the large numbers of PNG and CNG consumers,’ he said.
