Adani Total Gas Q3FY24 results: Net profit rises 18% to Rs 176.64 crore

Adani Total Gas (ATGL) reported an 18 per cent rise in its consolidated profit for the December 2023 ended quarter (Q3FY24) at Rs 176.64 crore on the back of increased volumes. However, revenue witnessed modest growth owing to lower gas prices, the company said.

Revenue from operations stood at Rs 1,244 crore, up 5 per cent on a year-on-year (Y-o-Y) basis. Sequentially, profit for the company rose 2 per cent and revenue from operations grew 6 per cent on a year-on-year basis.

Gas sale volume for Q3 FY24, the company said, was up 21 per cent Y-o-Y to 224 million metric standard cubic meters (MMSCM), while the cost of natural gas dipped 4 per cent Y-o-Y.