Crime Today News
The cost of natural gas and other traded items rose to ₹3,276 crore from ₹2,848 crore the previous year.
| Photo Credit:
Mrinal Pal
Adani Total Gas reported ₹654 crore in consolidated profit, a year-on-year (y-o-y) decline of 1.96 per cent for the financial year 2024-25, due to higher cost of natural gas.
Aided by higher volumes – primarily in the Compressed Natural Gas (CNG) segment — the company’s revenue from operations grew by 12.35 percent y-o-y to ₹5412 crore during FY25. However a 15 per cent increase in expenses adversely affected the bottom line. “The lower allocation of APM (Administered Pricing Mechanism) gas to CNG segment and replacement with higher priced gas, saw the cost of natural gas rise by 15 per cent,” the company said in an official release.
The cost of natural gas and other traded items rose to ₹3,276 crore from ₹2,848 crore the previous year. During the fourth quarter, the profit attributable to the owners dipped by 7.73 per cent to ₹155 crore. The board however recommended a dividend of ₹0.25 per equity share of face value of ₹1 each fully paid-up for 2024-25, subject to the approval of shareholders.
“During the year, team ATGL has continued its thrust to expand access of 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 digitalization which has contributed in maintaining EBITDA of ₹1,167 crore despite challenges faced by CGD sector on domestic gas allocation,” Suresh P Manglani, ED & CEO, ATGL, stated.
“Furthermore, ATGL made significant progress in its new sustainable businesses. In e-mobility, 3,401 charging points have been installed out of which 2,338 EV charging points are energised. In biomass, besides stabilising CBG production at the Barsana plant, we have launched brand “Harit Amrit” for sale of an organic fertilizer. We have commissioned our 1st LNG station in Tirupur. All the above efforts are in line with our commitment to spearhead India’s energy mobility transition journey with customer centric approach and continue to have sustainable growth.” he added.
Published on April 28, 2025
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