Adani Total Gas Ltd, the city gas joint venture between the Adani Group and French energy giant TotalEnergies, on Tuesday reported a 21% rise in its consolidated net profit in the March 2023 quarter.
Consolidated net profit of ₹ 97.91 crore in January-March quarter was compared with ₹ 81.09 crore net earnings in the same period a year back, according to company's stock exchange filing.
Sales volume rose 2% to 193 million standard cubic metres.
The firm retails CNG to automobiles and piped natural gas to household kitchens as well as industries.
CNG stations now increased to 460 with addition of 126 new outlets, the company said in a statement.
Total piped cooking gas (PNG) home increased by 1.24 lakh to 7.04 lakh while industrial and commercial connections increased to 7,435.
For the full 2022-23 fiscal (April 2022 to March 2023), Adani Total Gas Ltd reported a consolidated net profit of ₹ 546 crore on a revenue of ₹ 4,683 crore.
The firm commissioned 104 EV charging points at 26 locations across India and started 1st Compressed Bio-Gas (CBG) station at Varanasi, Uttar Pradesh.
"ATGL has shown resilience and delivered a good all-round performance both on physical infrastructure and financial front despite high gas prices throughout the year.