Adani Total Gas Reports Q4 Financials: A Mixed Bag of Growth and Decline

In a recently released financial report, Adani Total Gas revealed a 7.9% drop in its consolidated net profit for the quarter ending March 2025, totaling ₹154.59 crore. This decline is notable compared to the ₹167.96 crore earned during the same quarter in the previous year. However, amidst this profit dip, the company experienced a promising 15.5% increase in consolidated revenue, which climbed to ₹1,453.37 crore from ₹1,258.37 crore year-over-year.

Expanding Infrastructure and CNG Network Growth

During this quarter, Adani Total Gas made significant strides in its compressed natural gas (CNG) operations. The company expanded its CNG station network to 647 stations, covering 34 geographical areas (GAs). This expansion contributed to an impressive 18% year-over-year increase in CNG volume. Additionally, the company reported that over 9.6 lakh homes are now connected to piped natural gas (PNG), leading to a 5% rise in PNG volume compared to the previous year. Overall, the total volume saw a 13% increase in Q4 FY25.

Full Year Performance Highlights

Looking at the financial year 2024-25 (FY25), Adani Total Gas saw its standalone revenue from operations rise by 12% year-over-year, reaching ₹5,398 crore. This growth was primarily driven by increased volumes in the CNG segment. However, the profit after tax (PAT) saw a slight dip of 1%, landing at ₹648 crore. The rise in natural gas costs—up by 15% due to reduced allocation of APM gas and the shift to higher-priced gas—was a contributing factor.

• EBITDA Performance: Despite the challenges, earnings before interest, tax, depreciation, and amortisation (EBITDA) saw a marginal increase of 1% YoY, totaling ₹1,167 crore.

Operational Excellence and Sustainable Initiatives

Suresh P. Manglani, the Executive Director and CEO of Adani Total Gas, emphasized the company’s commitment to operational excellence. "With close to 1 million PNG consumers and a robust network of 647 CNG stations, we have achieved a 15% year-on-year volume growth. Our focus on digitalisation has played a key role in maintaining our EBITDA at ₹1,167 crore, despite the broader challenges in the CGD sector," he stated.

In addition to traditional gas operations, Adani Total Gas is making strides in sustainable businesses. The company has installed 3,401 EV charging points, with 2,338 already energised. They also stabilized CBG production at the Barsana plant and launched the organic fertiliser brand, “Harit Amrit.” Furthermore, the commissioning of their first LNG station in Tiruppur marks another step towards supporting India’s energy transition.

Dividend Announcement

In conjunction with its financial results, the Board of Directors has proposed a dividend of Re 0.25 per equity share for the financial year 2024-25, pending approval from shareholders at the upcoming Annual General Meeting. The record date for this dividend has yet to be announced.

Moving into the earnings announcement, Adani Total Gas shares closed at ₹616.90, reflecting an increase of 2.86% on the BSE, indicating positive investor sentiment amid the mixed financial results.

In summary, while Adani Total Gas faces challenges in profitability, its robust expansion and commitment to sustainable practices position it well for future growth.