AGL Revenue from Operations increased by 16 in H1 FY 20 to 982 Cr vs 844 Cr in H1 FY19

Revenue from Operations increased by 16% in H1 FY 20 to ` 982 Cr vs ` 844 Cr in H1 FY19

Operating EBITDA increased by 30% in H1 FY 20 to ` 271 Cr vs ` 208 Cr in H1 FY19

EDITOR’S SYNOPSIS

Operational Highlights Q2 FY20:

  • The number of PNG homes have now increased to 4.0 Lacs (Connected >12,500 Connections during Q2 FY20)
  • Number of Commercial and Industrial Connections have increased to 4,145 (158 New Connections added during Q2 FY20)
  • The Company has increased its CNG Stations network to 86

Financial Highlights (Consolidated):


H1 FY20

  • Volume increase of 9% in CNG and 8% in PNG in H1 FY 20 on Y-o-Y basis
  • H1 FY20 Revenue from Operations increased 16% Y-o-Y to ` 982 Cr vs. H1 FY19 ` 844 Cr
  • H1 FY20 Operating EBITDA has increased by 30% Y-o-Y to ` 271 Cr vs. H1 FY19 ` 208 Cr
  • H1 FY20 PBT has increased by 45% Y-o-Y to ` 248 Cr vs. H1 FY19 ` 171 Cr
  • H1 FY20 PAT has increased by 89% Y-o-Y to ` 199 Cr* vs. H1 FY19 ` 106 Cr

Q2 FY20

  • Volume increase of 9% in CNG and 6% in PNG in Q2 FY 20 on Y-o-Y basis
  • Q2 FY20 Revenue from Operations increased 12% Y-o-Y to ` 503 Cr vs. Q2 FY19 ` 448 Cr
  • Q2 FY20 Operating EBITDA has increased by 29% Y-o-Y to ` 136 Cr vs. Q2 FY19 ` 106 Cr
  • Q2 FY20 PBT has increased by 46% Y-o-Y to ` 125 Cr vs. Q2 FY19 ` 86 Cr
  • Q2 20 PAT has increased by 137% Y-o-Y to ` 120Cr* vs. Q2 FY19 ` 51 Cr

* Increase in PAT reflects the reduction in tax expenses on account of changes made vide Taxation Laws Amendment Ordinance 2019 as applicable to the Company.

 

Ahmedabad, November 12, 2019: Adani Gas Limited (AGL), a part of the Adani Group, today announced its operational and financial performance for the six months and quarter ended 30th September 2019.


Operational Highlights:


Q2 FY20

  • Q2 FY20 Overall Sales Volume grew by 7% to 146 MMSCM Vs 136 MMSCM in Q2 FY19 on the back of volume growth in both CNG and PNG distribution.
  • Q2 FY20 CNG volume has grown by 9% to 75 MMSCM Vs 69 MMSCM in Q2 FY19.
  • Q2 FY20 PNG volume has grown by 6% to 71 MMSCM vs 67 MMSCM in Q2 FY19.

H1 FY20

  • H1 FY20 Overall Sales Volume grew by 8% to 283 MMSCM Vs 262 MMSCM in H1 FY19 on the back of volume growth in both CNG and PNG distribution.
  • H1 FY20 CNG volume has grown by 9% to 146 MMSCM Vs 134 MMSCM in H1 FY19.
  • H1 FY20 PNG volume has grown by 8% to 137 MMSCM vs 127 MMSCM in H1 FY19.

Financial Highlights:

Q2 FY20

  • Revenue from Operations increased 12% Y-o-Y to ` 503 Cr in H1 FY20 vs ` 448 Cr in Q2 FY20 on the back of volume growth in both CNG and PNG distribution.
  • Our Operating EBITDA for Q2 FY20 has increased by 29% Y-o-Y to ` 136 Cr vs ` 106 Cr in Q2 FY19.

H1 FY20

  • Revenue from Operations increased 16% Y-o-Y to ` 982 Cr in H1 FY20 vs ` 844 Cr in H1 FY19 on the back of volume growth in both CNG and PNG distribution.
  • Our Operating EBITDA for H1 FY20 has increased by 30% Y-o-Y to ` 271 Cr vs ` 208 Cr in H1 FY19.

Mr. Gautam Adani, Chairman, Adani Group, said, “Adani Gas Ltd has expanded its footprint in the sector across the country with setting up gas stations. The recent acquisitions in the city gas distribution will now successfully provide uninterrupted services across the GAs under AGL. With the recent announcement of Total’s stake in AGL, we are sure to reach and expand our network pan India”.

Suresh P Manglani, CEO, Adani Gas Ltd., said, “AGL in the second quarter of FY19-20 has performed well. Adani Gas will continue to be a leader in the CGD sector in India. We endeavor to utilize our more than decade-long CGD experience and expertise to be the largest CGD Company in India.”

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