Adani Total Gas reports strong financial performance

Adani Total Gas: Net sales for December 2023 reached Rs. 1,156.14 crore, a 4.58% increase from the previous year’s Rs. 1,105.56 crore.

Adani Total Gas has showcased robust financial performance in the quarter ending December 2023, with significant growth across key metrics.

Quarterly Net Profit Surges

The company’s quarterly net profit stood at Rs. 176.64 crore in December 2023, marking a notable increase of 17.61% compared to Rs. 150.19 crore in the same period of the previous year. 

This substantial growth reflects the company’s effective management and operational efficiency.

EBITDA Shows Strong Growth

Total Gas reported an EBITDA of Rs. 300.45 crore in December 2023, demonstrating a remarkable surge of 26.17% from Rs. 238.13 crore in December 2022. 

The significant increase in EBITDA underscores the company’s ability to generate strong earnings before interest, taxes, depreciation, and amortization.

Earnings Per Share (EPS) Rises

The company’s earnings per share (EPS) witnessed a positive trajectory, reaching Rs. 1.61 in December 2023 compared to Rs. 1.37 in December 2022. This uptick in EPS reflects the company’s improved profitability and enhanced shareholder value.

Stock Performance

Adani Total Gas shares closed at Rs. 1,009.20 on March 07, 2024, on the National Stock Exchange (NSE). 

The stock has delivered impressive returns, with a growth of 53.16% over the last 6 months and 1.22% over the last 12 months. This reflects investor confidence in the company’s performance and growth prospects.

Overall, Adani Total Gas has demonstrated resilience and strength in its financial performance, positioning itself as a key player in the energy sector.