Adani Total Gas Ltd's Q3FY25 Quarter Results
- 28 Jan 2025
Result Summary
- Adani Total Gas Ltd reported a 6.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 11.4%.
- Its expenses for the quarter were up by 12.5% QoQ and 18.4% YoY.
- The net profit decreased 23.3% QoQ and decreased 19.4% YoY.
- The earnings per share (EPS) of Adani Total Gas Ltd stood at 1.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1301.39 | 1225.28 | 1168.56 | 6.2% | 11.4% |
Total Expenses | 1110.40 | 987.27 | 938.11 | 12.5% | 18.4% |
Profit Before Tax | 190.99 | 238.01 | 230.45 | -19.8% | -17.1% |
Tax | 49.68 | 61.77 | 59.18 | -19.6% | -16.1% |
Profit After Tax | 142.38 | 185.60 | 176.64 | -23.3% | -19.4% |
Earnings Per Share | 1.30 | 1.70 | 1.60 | -23.5% | -18.8% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Adani Total Gas Ltd is a prominent player in the energy sector, primarily focused on the distribution of natural gas. The company is involved in providing Compressed Natural Gas (CNG) for vehicles and Piped Natural Gas (PNG) for domestic, commercial, and industrial purposes. As part of the Adani Group, a globally integrated infrastructure player, Adani Total Gas Ltd benefits from a robust business network and infrastructural capabilities. The company has been actively expanding its footprint and investing in infrastructure to enhance its service delivery across various regions in India. Notably, Adani Total Gas Ltd is known for its strategic partnerships and collaborations that aim to bolster its market presence and operational efficiency.
Revenue
In the third quarter of fiscal year 2025 (Q3FY25), Adani Total Gas Ltd reported a total income of ₹1301.39 crores, marking a quarter-over-quarter (QoQ) increase of 6.2% from ₹1225.28 crores in the second quarter of fiscal year 2025 (Q2FY25). This also represents a year-over-year (YoY) growth of 11.4% from ₹1168.56 crores in the third quarter of fiscal year 2024 (Q3FY24). The increase in total income over both the previous quarter and the same quarter last year suggests a positive trajectory in revenue generation. The company’s revenue streams are likely influenced by its core operations in the natural gas sector, including its growing customer base and expansion into new geographical areas.
Profitability
Adani Total Gas Ltd's profitability metrics in Q3FY25 show a decline compared to the previous periods. The Profit Before Tax stood at ₹190.99 crores, which is a decrease of 19.8% QoQ from ₹238.01 crores in Q2FY25 and a 17.1% YoY decrease from ₹230.45 crores in Q3FY24. Similarly, the Profit After Tax was reported at ₹142.38 crores, reflecting a 23.3% QoQ decline from ₹185.60 crores in Q2FY25 and a 19.4% YoY reduction from ₹176.64 crores in Q3FY24. The Earnings Per Share also declined, registering at ₹1.30 in Q3FY25 from ₹1.70 in the previous quarter and ₹1.60 in the same quarter last year, indicating a reduction of 23.5% QoQ and 18.8% YoY. The downward trend in profitability metrics underscores challenges the company may have faced in maintaining margins amid fluctuating expenses.
Operating Metrics
Total expenses for Adani Total Gas Ltd increased to ₹1110.40 crores in Q3FY25, up by 12.5% from ₹987.27 crores in Q2FY25 and 18.4% from ₹938.11 crores in Q3FY24. This rise in expenses outpaced the revenue growth, which contributed to the decline in profitability. The tax expense also decreased by 19.6% QoQ and 16.1% YoY, amounting to ₹49.68 crores in Q3FY25 compared to ₹61.77 crores in Q2FY25 and ₹59.18 crores in Q3FY24. Despite the reduction in tax expenses, the company's overall financial performance was impacted by the increased operating costs. The changes in these financial metrics reflect the dynamic nature of the company's operations and the financial strategies employed to manage its growth and expenses.
