Adani Total Gas net profit rises 8% to Rs 472 crore in FY21

Adani Total Gas (ATGL) on Tuesday reported an 8.2% year-on-year (y-o-y) increase in net profit to Rs 471.9 crore in FY21 on a standalone basis, as the company utilised lower natural gas prices amid drop in demand during lockdowns.

Revenue from sales fell 10.4% annually to Rs 1,784.5 crore in FY21 while the price it paid for buying natural gas fell at a sharper rate of 27.3% to Rs 770.7 crore in the same period.