ICICI Direct: Adani Gas - Robust Q2 Margins Lead To PAT Growth
Valve wheels sit on pipework at the Bilche-Volytsko-Uherske underground gas storage site. (Photographer Vincent Mundy/Bloomberg)

ICICI Direct: Adani Gas - Robust Q2 Margins Lead To PAT Growth

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Adani Gas Company Update.pdf

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