Adani Total Gas Fourth Quarter Profit Rises Nine Percent
The company reported a quarterly profit of 1.68 billion rupees as CNG volumes climbed seventeen percent. Higher sales offset an eighteen percent rise in costs.
ADANI TOTAL GAS LTD reported a 9% increase in its fourth-quarter consolidated net profit, reaching 1.68 billion rupees ($17.84 million) for the period ending March 31. The growth was primarily fueled by robust demand for compressed natural gas (CNG) and a steady expansion in household piped natural gas connections, which bolstered overall sales volumes.
The company, which operates as a joint venture between the Adani Group and the French energy giant TOTALENERGIES SE, saw its total revenue from operations climb 16.5% to 16.95 billion rupees. This financial performance comes as India continues to prioritize the expansion of its domestic energy infrastructure.
