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