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Adani Total Gas Q2 Profit Rises 3% to ₹167 Cr as Revenue Jumps 34%
Sentiment: NeutralHigh Priority
What Happened?
Adani Total Gas Ltd reported a 3% increase in standalone net profit to ₹167 crore for Q2 FY27, driven by higher sales of compressed and piped natural gas. Revenue surged 34% to ₹2,102 crore.
Key points
- Standalone net profit for Q2 FY27 is ₹167 crore, up 3% year-on-year.
- Revenue from operations increased by 34% to ₹2,102 crore.
- Sales of compressed natural gas (CNG) rose by 17%, while piped natural gas (PNG) sales increased by 3%.
- Natural gas costs surged by 43% in Q2 FY27 due to various factors.
- Profit before tax rose 8% to ₹235 crore, and EBITDA increased 12% to ₹340 crore.
- For H1 FY27, net profit fell 7% to ₹300 crore, while revenue grew 31% to ₹3,999 crore.
Key insights
- The increase in CNG and PNG sales reflects growing demand in the market.
- Higher natural gas costs may pressure future profit margins.
- The company's expansion of CNG stations and pipeline network supports long-term growth.
Why it matters
The financial performance indicates resilience in the gas sector despite rising costs.
Tags
Entities
Adani Total Gas Ltd· CompanyIndia· Country
Source
Business Standard
