Adani Total Gas - Play On India’s Growing Gas Demand: ICICI Direct

Adani Total Gas - Play On India’s Growing Gas Demand: ICICI Direct

A liquefied natural gas pipeline. (Photographer: Tomohiro Ohsumi/Bloomberg).

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ICICI Direct Report

Adani Total Gas Ltd.’s operating revenue increased 25.3% YoY to Rs 614.5 crore in Q4 FY21 owing to an increase in realisation as well as sales volume.

On a QoQ basis, revenue grew 17.7%. Total sales volume was 1.8 million metric standard cubic meter per day, up ~14% YoY, ~11% QoQ.

Ebitda for the quarter increased 21.9% YoY to Rs 204.7 crore.

Gross margins remained healthy at Rs 17/standard cubic meter, up Rs 0.4/scm YoY due to better realisation.

Ebitda/scm was at Rs 12.3/scm, Rs 0.7/scm higher YoY.

Reported profit after tax was at Rs 144.8 crore, up 18.6% YoY.

Click on the attachment to read the full report:

ICICI Direct Adani Gas Company Update.pdf
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