Q2FY25 Volume up 15% YoY
CNG network increases to 577 stations
PNG household increased to 8.93 lakh homes
1,486 EV charging points spread across 21 states
Commission First LNG Retail Station for transport vehicles
Q2FY25 EBITDA stood at INR 313 Crs
ATGL provides Digital Delight, with 98% consumer collections and engagement coming through My Adani Gas App integrated with its homegrown Digital Business Platform - SOUL ~93% of CNG sales are managed through SOUL platform
EDITOR’S SYNOPSIS
Operational Highlights Q2FY25 (Standalone):
-
Increased CNG stations to 577 by adding 18 new stations
-
Expanded PNG home connections to 8.93 lakh, by adding 34,468 new households Increased Industrial & Commercial connections to 8,746 with 204 new consumers added
-
Completed cumulative ~ 12,516 Inch Km of Steel Pipeline network
-
Combined CNG and PNG volume of 242 MMSCM, a 15% increase Y-o-Y
-
Enhanced virtual network capacity to 3 operational units, by adding one more LCNG/LPNG unit in Lunavada, Kheda. This improves last mile connectivity for PNG Consumers
Pan India Footprint –Q2FY25 (With JV namely IOAGPL):
- Combined network of 958 CNG Stations, with 31 new stations added
- PNG home connections cross 1 million mark to 1.06 million, touching over 4 million lives on a daily basis.
- Grew Industrial & Commercial connections to 9719, by adding 273 new consumers
- Completed cumulative ~ 22,608 Inch Km of Steel Pipeline network
Hydrogen Blending and LTM Business Update
- Operationalized H2 blending pilot program in Ahmedabad with expected production of ~ 16 Kg / Day, which will be supplied to ~ 4000 PNG consumers
- Commissioned 1st LNG retail outlet in Tiruppur. Two more are under construction in Dahej and Mundra
Key Business updates
- In September’24, ATGL secured the largest global financing in India’s City Gas Distribution Business of USD 375 Mn to accelerate network infrastructure development program
- With effect from 16 October 2024, there has been lower allocation of APM gas by 16% as compared to earlier allocation. While such lower allocation could impact the profitability going forward, ATGL is closely examining the situation and will calibrate it’s retail prices to mitigate the impact and will explore opportunities to seek competitive gas to ensure uninterrupted supply
Adani TotalEnergies E-mobility Limited (ATEL)
- 1486 EV charging points have been commissioned across 213 cities
Digitalization and Customer Delight Highlights
- ATGL provides Digital Delight, with 98% consumer collections and engagement coming through My Adani Gas App integrated with its homegrown Digital Business Platform – SOUL
- More than 93% of our CNG sales are now managed through the Soul Digital platform. This encompasses continuous monitoring of vital performance parameters
- Also launched self-service KIOSK at our service centers and call center operations for EV charging business
Financial Highlights Q2FY25 (Standalone) Y-o-Y:
- Revenue from Operations increased by 12%, reaching INR 1315 Cr,
- EBITDA rose by 8% to INR 313 Cr,
- PAT increased by 6%, reaching INR 178 Cr
Consolidated Q2FY25 PAT H1FY25 (Standalone) Y-o-Y:
- Consolidated PAT at INR 186 Cr, increased by 7% Y-o-Y
Financial Highlights H1FY25 (Standalone) Y-o-Y:
- Revenue from Operations increased by 10%, reaching INR 2,553 Cr,
- EBITDA rose by 14% to INR 621 Cr,
- PAT increased by 13%, reaching INR 355 Cr
Consolidated H1FY25 PAT
- Consolidated PAT at INR 357 Cr, increased by 11% Y-o-Y
Ahmedabad, 24 October 2024: Adani Total Gas (ATGL), India’s leading energy transition company, continues its mission of transforming India's energy landscape through extensive infrastructure development.Today ATGL announced its operational, infrastructural and financial performance for the quarter and half year ended 30th September 2024.
ATGL has reported healthy operational and financial performance during the quarter. Our business is closely aligned with India’s energy transition goals which we are delivering by providing cleaner and greener energy solutions to all our consumers. We now reach over 9 lakh consumers through our piped gas network supplying uninterrupted piped natural gas. We have commissioned our first LNG station for the transportation segment and progressing towards covering key highway networks aiding India’s decarbonization march.
Following the recent reduction in APM gas allocation, which caters to auto CNG and home PNG consumers, we are closely monitoring the situation and given our diversified gas sourcing portfolio, we will ensure a calibrated pricing approach to balance the interest of our consumers” said Mr. Suresh P Manglani, CEO & ED, ATGL.
Standalone Operational and Infrastructural Highlights:
|
Particulars |
UoM |
H1 FY25 |
H1 FY24 |
% Change YoY |
Q2 FY25 |
Q2 FY24 |
% Change YoY |
|
Operational Performance |
|
|
|
|
|
|
|
|
Sales Volume |
MMSCM |
472 |
408 |
16% |
242 |
211 |
15% |
|
CNG Sales |
MMSCM |
315 |
264 |
20% |
162 |
136 |
19% |
|
PNG Sales |
MMSCM |
157 |
144 |
9% |
80 |
75 |
7% |
|
Particulars |
UoM |
As on 30 Sep’ 24 |
H1 Additions |
Q2 Additions |
|
Infrastructure Performance |
|
|
|
|
|
CNG Stations |
Nos. |
577 |
30 |
18 |
|
MSN (IK) |
Nos. |
12516 |
493 |
272 |
|
Domestic-PNG |
Nos. |
893000 |
72633 |
34468 |
|
Commercial -PNG |
Nos. |
5914 |
288 |
142 |
|
Industrial-PNG |
Nos. |
2832 |
127 |
62 |
Operations Commentary Q2FY25
- CNG Volume increased by 19% Y-o-Y on account of network expansion across multiple Geographical Areas (GAs).
- With stabilization of gas prices, there has been an increase in consumption of PNG Industrial volume, and coupled with the addition of new PNG connection in domestic and commercial segments, PNG Volume has increased by 7% Y-o-Y
- Overall volume has increased by 15% Y-o-Y
Standalone Financial Highlights:
|
Particulars |
UoM |
H1 FY25 |
H1 FY24 |
% Change YoY |
Q2 FY25 |
Q2 FY24 |
% Change YoY |
|
OperationalPerformance |
|
|
|
|
|
|
|
|
Revenue from Operations |
INR Cr |
2,553 |
2,313 |
10% |
1,315 |
1,178 |
12% |
|
Cost of Natural Gas |
INR Cr |
1,675 |
1,567 |
7% |
871 |
775 |
12% |
|
Gross Profit |
INR Cr |
878 |
746 |
18% |
444 |
403 |
10% |
| EBITDA | INR Cr | 621 | 545 | 14% | 313 | 290 | 8% |
| Profit Before Tax | INR Cr | 477 | 424 | 13% | 240 | 225 | 7% |
| Profit After Tax | INR Cr | 355 | 315 | 13% | 178 | 168 | 6% |
Results Commentary Q2FY25
Key ESG Highlights