AHMEDABAD: Adani Total Gas Limited (ATGL), which is part of the ports-to-power conglomerate, Adani Group, on Tuesday announced its first quarter results and posted an 8% rise in its quarterly profits.
The company posted Rs 150 crore profit in the first quarter of FY 2024 as compared to Rs 138 crore in the corresponding quarter. The sales volumes rose 8% at 198 million metric standard cubic meters (MMSCM), from 183 MMSCM during the period. Despite higher volume, the cost of gas also remained flat due to lower domestic gas price, ATGL said in its regulatory filing.
ATGL’s revenue from operations stood at Rs 1,135 crore, up 2% as compared to Rs 1,100 crore in the year-ago period.
