Adani Total Gas Limited (ATGL) Q1 24/25 earnings summary

Executive summary

• Added 12 new CNG stations, expanding the network to 559 stations, and increased steel pipeline infrastructure to 12,244 inch kilometers, supporting PNG and CNG distribution.

• Connected 38,165 new homes to PNG, now serving over 858,000 homes, and added 211 new industrial/commercial PNG consumers, reaching 8,542 total.

• Expanded e-mobility with 1,212 EV charging points across 15 states, with 750+ more under construction and plans to exceed 3,000 charging points.

• Commissioned phase 1 of the Barsana biomass plant (225 TPD), diversifying feedstock and increasing CBG and organic fertilizer production.

• Maintained a focus on digitalization, customer service, and sustainability initiatives, with 50% of transactions now digital.

Financial highlights

• Standalone revenue from operations rose 9% year-over-year to ₹1,237 crore in Q1 FY25; consolidated revenue reached ₹1,239.06 crore.

• EBITDA increased 21% year-over-year to ₹308 crore; PAT up 20% to ₹177 crore; consolidated PAT at ₹171.84 crore.

• Profit before tax grew 19% to ₹237 crore (standalone), and consolidated PBT was ₹231.73 crore.

• Total volume increased 17% year-over-year; CNG volume up 20% to 153 MMSCM, PNG volume up 10% to 77 MMSCM.

• Credit rating upgraded from ICRA AA- to ICRA AA (stable).

Outlook and guidance

• Targeting 10 LNG stations in FY25 and expanding EV charging network to 23 states and 217 cities, with plans to exceed 3,000 charging points.

• Biomass and municipal solid waste projects expected to add significant capacity by FY26.

• Focus on increasing natural gas share in India's fuel mix from 7% to 15% by 2030.

• Jalandhar GA expected to contribute soon, with initial CNG stations operational within 1.5 months.