Adani Total Gas Q1FY24 Results: Consolidated PAT of Rs. 150.22 Cr

Adani Total Gas Q1FY24 Results: Consolidated PAT of Rs. 150.22 Cr

Adani Total Gas Q1 results show revenue fell from 1206.80 crores to 1142.72 crores, a -5.31% decrease in growth. EPS rise from ₹0.89 to ₹1.37, up by 53.93%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Adani Total Gas shared its Q1 results on Tuesday. They earned 1142.72 crores in revenue this quarter, but that’s less than the 1206.80 crores they made last quarter. Unfortunately, the company’s growth decreased by -5.31 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 150.22 crores, up from 97.91 crores in the previous quarter. Their quarter-to-quarter growth increased by 53.43 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹1.37, which is an increase of 53.93% from the ₹0.89 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 1142.72 crores this year (2023), which is 2.09 percent higher than last year’s total revenue of 1119.32 crores.

This year’s PAT (Profit After Tax) is 150.22 crores, which is also 8.56% higher than last year’s PAT of 138.37 crores.

The EPS (Earnings Per Share) for this year is ₹1.37, which is 8.73% more than the EPS of ₹1.26 earned last year.

Also Read: Escorts Kubota Q1FY24 Results: Consolidated PAT Rises to Rs. 289.90 Cr

Adani Total Gas Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Adani Total Gas:

Founded in 2004 and headquartered in Ahmedabad, India, the company was formerly known as Adani Gas Limited and changed its name to Adani Total Gas Limited in January 2021. Adani Total Gas Limited operates in the city gas distribution business in India. The company supplies piped natural gas to domestic, commercial, and industrial users, as well as compressed natural gas to the transport sector.

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