Adani Total Gas second quarter profit up 17% on higher gas sales
Adani Total Gas Ltd, the city gas joint venture of Adani Group and TotalEnergies of France, on Thursday reported 17 per cent rise in the September quarter net profit on the back of rise in gas sales volumes.
Net profit in July-September at Rs 159 crore is compared with Rs 136 crore profit in the same period a year back, the company said in a statement.
With economic activity picking up after a devastating pandemic, CNG sales rose 54 per cent to 91 million cubic meters in the second quarter of the current fiscal year. Piped gas supplies rose 17 per cent to 84 mmscm.
