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ICICI Direct Report
Adani Gas Ltd.’s operating revenues fell 12.3% YoY to Rs 441.2 crore in Q2 FY21 due to a drop in compressed natural gas and commercial piped natural gas sales volume.
However, revenues recovered sharply 113.6% QoQ as sales volume doubled QoQ.
Total sales volume came in at 1.4 million metric standard cubic meter per day, down 10.3% YoY, up 102.5% QoQ.
Ebitda for the quarter increased 54.3% YoY to Rs 209.5 crore.
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