Adani Total Gas Expands Network and Reports Strong Q2 Performance
Operational Highlights
Adani Total Gas Ltd (ATGL) has shown impressive growth in the second quarter of the financial year 2025. CEO and Executive Director Suresh P Manglani highlighted the company’s achievements, attributing the success to network expansion and increased natural gas consumption by commercial and industrial users.
Network Expansion
ATGL has been focusing on expanding its compressed natural gas (CNG) distribution network, nearing 1,000 CNG stations across India with its joint venture partner IOAGPL. The company has also expanded its piped natural gas (PNG) network.
Electric Vehicle and CBG Business
The company is advancing its electric vehicle (EV) business, with 1,486 charging stations across 21 states and 213 cities. Plans are underway to increase this to over 3,000 charge points, focusing on strategic locations like airports and highways.
Digital Engagement
ATGL is leveraging digital technology, with 98% of consumer interactions managed through the My AdaniGas app, integrated with their digital platform, SOUL. The company has also started a hydrogen blending program in Ahmedabad.
Financial Performance
ATGL raised USD 375 million in a significant global financing program to boost its network infrastructure. The company reported a 7.5% increase in net profit to Rs 187 crore and a 12% rise in revenue to Rs 1,318 crore for Q2 FY25. EBITDA increased by 8% to Rs 313 crore year-on-year.
Doubts Revealed
Adani Total Gas Ltd (ATGL) -: Adani Total Gas Ltd is a company in India that provides natural gas for homes, vehicles, and industries. It is a part of the larger Adani Group, which is involved in various businesses like energy, resources, and logistics.
Q2 FY25 -: Q2 FY25 refers to the second quarter of the financial year 2025. In India, the financial year starts in April and ends in March, so Q2 FY25 would be from July to September 2024.
Net profit -: Net profit is the amount of money a company earns after subtracting all its costs and expenses. It shows how much money the company actually made during a specific period.
CNG stations -: CNG stations are places where vehicles can fill up with Compressed Natural Gas, a cleaner alternative to petrol or diesel. CNG is used in many vehicles in India to reduce pollution.
PNG network -: PNG stands for Piped Natural Gas, which is natural gas delivered to homes and businesses through pipelines. It is used for cooking and heating, similar to LPG cylinders but more convenient.
EV business -: EV business refers to the electric vehicle sector, where companies provide services related to electric cars and bikes. This includes setting up charging stations where these vehicles can recharge their batteries.
USD 375 million -: USD 375 million is a large amount of money, equivalent to about 3,125 crore Indian Rupees. This money is used by the company to improve and expand its services and infrastructure.