Adani Total Gas Ltd Reports 20% Rise in June Quarter Net Profit

Adani Total Gas Ltd, a joint venture between Adani Group and TotalEnergies, posted a 20% increase in net profit for the June quarter, driven by a rise in CNG and piped gas sales. The company reported a net profit of Rs 177 crore and a 9% increase in revenue, reaching Rs 1,237 crore.

Adani Total Gas Ltd, the joint venture between Adani Group and TotalEnergies of France, announced a 20% rise in net profit for the June quarter, driven by increased sales of CNG and piped cooking gas.

The firm reported a net profit of Rs 177 crore for April-June, up from Rs 148 crore a year earlier, and a 9% increase in revenue from operations, reaching Rs 1,237 crore.

CNG sales grew by 20% to 153 million standard cubic meters, while sales of piped natural gas to households rose by 11% to 77 million standard cubic meters during the same period. Additionally, the company expanded its CNG network and added new EV charging stations and solar capacity.

(With inputs from agencies.)