Latest news with #SureshPManglani
Hans India
29-04-2025
- Business
- Hans India
10% drop in Adani-Total Gas Q4 net profit
New Delhi: Adani-Total Gas Ltd, the city gas joint venture of Adani group and TotalEnergies of France, on Monday reported a 10 per cent drop in its fourth quarter net profit on higher cost of gas while the revenue soared 15 per cent. Net profit of Rs 149 crore in January-March - the fourth quarter of April 2024 to March 2025 fiscal year - compared with Rs 165 crore earnings in the same period of the previous year, according to a company statement. Revenue from operations was up 15 per cent at Rs 1,448 crore. The margins were impacted as the cost of natural gas - which is converted into CNG for sale to automobiles and piped to household kitchens for cooking - soared 27 per cent as the firm had to replace reduction in cheaper domestically produced fuel (called APM gas) with higher-priced gas. The company added 42 new CNG stations to take the total strength to 647. Domestic piped natural gas users rose to 9.62 lakh after addition of 1.42 lakh in the year. After including its joint ventures, the firm had a combined CNG network of 1,072 and 1.14 million piped natural gas users. It also had 3,401 EV charging points installed across 26 states and Union Territories. 'Recently, with effect from April 16, 2025, while APM allocation of natural gas for CNG (Transport) has been reduced from 51 per cent (of the requirement) to 37 per cent, it has been replaced with (higher priced) new well gas (NWG) / intervention gas and the combined volume allocation of APM and NWG for CNG effective April 16 is at 65 per cent (of the total requirement),' the firm said. During the year, Adani-Total Gas Ltd (ATGL) continued its thrust to expand access of piped natural gas and CNG to large masses, said Suresh P Manglani, ED & CEO of ATGL. On renewable energy sourcing, the firm has set up a compressed biogas plant at Barsana which converts agri and other waste into gas.
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Business Standard
28-04-2025
- Business
- Business Standard
Adani Total Gas Q4FY25: Net profit declines 7.9% to ₹154.59 crore
Adani Total Gas (ATGL) reported a 7.9 per cent fall in its consolidated net profit (attributable to the owners of the company) in the fourth quarter of financial year 2025 (Q4FY25). ATGL reported a net profit of ₹154.59 crore. During the same period, the city gas distributor's revenue from operations rose 15.4 per cent to ₹1,453.37 crore, because of higher volume and sales realisation. 'During the year, ATGL has continued its thrust to expand access of PNG and CNG to large masses. It has expanded infrastructure across CGD, close to 1 million PNG consumers and 647 CNG stations,' said Suresh P Manglani, ED & CEO, ATGL. 'ATGL has maintained momentum of delivering robust operational and infrastructure performance with a 15 per cent Y-o-Y increase in volume, accelerating operations excellence supported by digitalisation which has contributed in maintaining an Ebitda of ₹1,167 crore, despite challenges faced by CGD sector on domestic gas allocation,' he added. The company said it has made progress in its new sustainable businesses. In e-mobility, it has installed 3,401 charging points, with 2,338 of them energised. In the biomass segment, it has stabilised compressed biogas (CBG) production at its Barsana plant and launched 'Harit Amrit', a branded organic fertiliser. The company also commissioned its first LNG station in Tirupur. Sequentially, ATGL's net profit rose 8.5 per cent, while revenue increased 3.7 per cent. In Q4FY25, the company's CNG station network expanded to 647 stations across 34 geographical areas (GAs), with over 9,60,000 lakh homes now connected through piped natural gas (PNG). CNG volumes rose 18 per cent Y-o-Y, driven by network expansion across multiple GAs, while PNG volumes grew 5 per cent Y-o-Y with the addition of new household connections. Overall, the company's gas volumes registered a 13 per cent Y-o-Y increase. Shares of the company were up 2.88 per cent at ₹617.05 while the benchmark Sensex was up 1.27 per cent at 80,218.37 points.
The Print
28-04-2025
- Business
- The Print
Adani Total Gas volumes rise 13% in March quarter, 15% in entire FY25 fiscal
The Adani Group company's combined network now has 1,072 CNG Stations, with 73 new stations added in the quarter. Ahmedabad (Gujarat) [India], April 28 (ANI): Adani Total Gas reported its financial results for the January-March quarter and the entire financial year 2024-25 on Monday. The Adani Group's business, in terms of volume, rose 13 per cent in the March quarter and 15 per cent in the entire fiscal year. PNG home connections crossed the 1 million mark (1.14 million), touching over 4 million lives on a daily basis. The company grew its industrial and commercial connections to 10,417 by adding 468 new consumers during the quarter. It also completed a cumulative 24,906 inch-km of steel pipeline network. In another key financial metric, the company's revenue from operations, on a standalone basis, increased by 15 per cent, reaching Rs 1,448 crore in the January-March quarter. In the entire year, revenue from operations increased by 12 per cent, reaching Rs 5,398 crore, primarily due to higher volume in the CNG segment. Adani Total Gas (ATGL), one of India's leading energy transition companies, announced its operational, infrastructural and financial performance for the quarter and year ending March 2025. During the year, Team ATGL has continued its thrust to expand access to 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 per cent year-on-year increase in volume, accelerating operations excellence supported by digitalisation which has contributed in maintaining EBITDA of INR 1,167 Crs despite challenges faced by CGD sector on domestic gas allocation,' said Suresh P Manglani, ED and CEO, ATGL. 'Furthermore, ATGL made significant progress in its new sustainable businesses. In e-mobility, 3,401 charging points have been installed, of which 2,338 EV charging points are energised. In Biomass, besides stabilising CBG production at the Barsana plant, we have launched the brand 'Harit Amrit' for the sale of an organic fertiliser. We have commissioned our 1st LNG station in Tiruppur. All the above efforts are in line with our commitment to spearhead India's energy mobility transition journey with a customer-centric approach and continue to have sustainable growth,' Manglani added. (ANI) This report is auto-generated from ANI news service. ThePrint holds no responsibility for its content.
