Adani Gas Ltd announces Q4 FY 2019 Result

Revenue from Operations increased by 9% in FY 20 to INR 1991 Cr vs INR 1823 Cr in FY19 Operating EBITDA increased by 31% in FY 20 to INR 595 Cr vs INR 455 Cr in FY19

FY20 Performance Highlights (Standalone)
  • Total Volume increase of 8%; PNG grew by 10%, CNG grew by 5% on Y-o-Y basis
  • FY20 Revenue from Operations increased 9% Y-o-Y to INR 1991 Cr vs. FY19 INR 1823 Cr
  • FY20 Operating EBITDA has increased by 31% Y-o-Y to INR 595 Cr vs. FY19INR 455 Cr
  • FY20 PBT has increased Y-o-Y to INR 547 Cr vs. FY19INR 384 Cr^
  • FY20 PAT has increased Y-o-Y to INR 436 Cr* vs. FY19INR 229 Cr 
Operational Highlights Q4 FY20 (Standalone)
  • Volume increase by 3% on Y-o-Y basis to 145 MMSCM
  • PNG Homes Connection increased to 4.36 Lacs (12,000 New Connections in Q4 Y20)
  • Commercial & Industrial Nos at 4,458 (198 New Connections in Q4 FY20)
  • CNG StationNos. have increased to 115 (23 New CNG Station added in Q4 FY20
  • CNG Operation Started in 5 more New GA Barwala, Navsari, Udaipur and Bhiwani & Bhind (Total 9 GAsoperational out of 15 New GAs)
Financial Highlights Q4 FY20 (Standalone)

  • Revenue from Operations decreased 1% Y-o-Y to INR 490 Cr vs. Q4 FY19 INR 494 Cr
  • Operating EBITDA has increased by 20% Y-o-Y to INR 168 Cr vs. Q4 FY19INR 140 Cr
  • PBT has increased Y-o-Y to INR 156 Cr vs. Q4 FY19INR 123 Cr^
  • PAT has increased Y-o-Y to INR 122Cr* vs. Q4 FY19INR 76 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

^Includes One Time Exceptional Expense Item

Ahmedabad, May 8, 2020Adani Gas Ltd[AGL]today announced the financial results for the year and quarter ended 31st March 2020.

Standalone Financial Highlights

COVID-19 update on Business:

The recent unfortunate COVID 19 event and the consequential nationwide lockdown in India has impacted the current ongoing demand of CNG and PNG by industrial and commercial segmentsCity Gas distribution falls under essential servicesand Adani Gas Limited will ensure that during this period of crisis,supply of PNG and CNG is maintained without any interruption together with 24X7 provision of operation and emergency services and enhanced digital services to our consumers.   

Currently, with over 95% of volume coming from the operational GAs, makes the business quite resilient.We expect to continue to generate healthy cash flows from operations going forward.Capital contribution for the infrastructure development in new GAshas been made from the accruals of the company.AGL’s strategy is to fast track development of steel pipeline laying and setting up of CNG stations to initiate early development of ecosystem in the New GA’s

Commenting on the annual results of the Company, Mr. Gautam Adani, Chairman, Adani Group said, “Adani Gas Limited is on its way to build a formidable network of CGD across the nation. It is truly gratifying to see the resilience of team AGL in maintaining the flow of essential services while ensuring safety during such trying times of COVID 19 Lockdown. It is this commitment to safety, sustainability and core values of nation building which will be instrumental inovercoming the crisis and we are confident of India's ability to revive its economic growth engine and power up through hard work for the next phase of prosperity for its vast population.”

Mr. Suresh Manglani, CEO of Adani Gas  said, “Adani Gas has stood firm with its consumers and government authorities in ensuring uninterrupted supply of PNG and CNG during these challenging times of COVID 19. Team AGL has demonstrated once again its commitment and delivered all round superior physical and financial performance. AGL has immediately recalibrated its process and provided unmatched digital solutions forsafe home stay to our consumers. We are excited and committed towards India’s vision of Clean and Green energy. Along with this, AGL will look forward for significant synergy to be explored between city gas distribution and retail fuel.


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