Adani Total Gas’s net profit jumps three-fold to Rs 138 cr in Jun quarter
Adani Total Gas Ltd, the city gas joint venture between Adani Group and TotalEnergies of France, on Wednesday reported a three-fold jump in its June 2021 quarter net profit to Rs 138 crore, as sales volumes soared.
The April-June 2021 net profit was 199 per cent higher as compared with Rs 46 crore in the same period last year, the company said in a statement.
Sales volumes doubled to 140 million metric standard cubic meters (mmscm).
The firm sold 68 mmscm of CNG in the quarter as compared to 24 mmscm in the year-ago quarter, when mobility and economic activity got impacted due to a nationwide coronavirus lockdown.
