Adani Total Gas Q1 Results: Cons PAT down 4% YoY to Rs 165 crore but revenue rises 21%
(ATGL) on Monday reported a 4% fall in its Q1 consolidated net profit to Rs 165 crore versus Rs 172 crore in the year ago period. The profit after tax (PAT) is attributable to the shareholders of the company.
The company's revenue from operation stood at Rs 1,498 crore which was up 21% from Rs 1,239 crore reported in the corresponding quarter of the last financial year.
Explore courses from Top Institutes in
Please select course:
Select a Course Category
others
Healthcare
Data Science
MCA
Artificial Intelligence
Others
Degree
Cybersecurity
Technology
Project Management
CXO
Data Analytics
healthcare
Data Science
Management
Public Policy
Leadership
PGDM
MBA
Design Thinking
Finance
Product Management
Digital Marketing
Skills you'll gain:
Duration:
16 Weeks
Indian School of Business
CERT - ISB Cybersecurity for Leaders Program India
Starts on
undefined
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Villas For Sale in Dubai Might Surprise You
Villas In Dubai | Search Ads
Get Rates
Undo
The PAT was 7% higher on a quarter-on-quarter basis over Rs 155 crore reported in Q4FY25. The topline was 3% up versus Rs 1,453 crore in the January-March quarter of FY25.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) for the quarter stood at Rs 301 crore and the installed EV charging points increased to 3,801.
In its filing to the exchanges, ATGL said that the overall volume was up by 16% in Q1 FY26 on a YoY basis. The CNG network increased to 650 stations, adding 3 stations while the PNG household increased to 9.90 lakh PNG homes, an addition of 26,869 new homes.
Live Events
The company increased industrial & commercial connections to 9,456 with 157 new customers added in the quarter under review.
It completed a cumulative 14,197 Inch Km of Steel Pipeline network. The combined CNG and PNG volume of 267 MMSCM was recorded, an increase of 16%, YoY.
The combined supply of APM and New Well Gas (NWG) / Intervention Gas for the CNG segment was at 61%.
Adani Total Gas (ATGL) and Jio-bp partnership
ATGL and Jio-bp (operating brand of Reliance BP Mobility Limited) signed an agreement to provide Fuel Offerings to consumers. Under this partnership, select ATGL fuel outlets will offer Jio-bp's high-performance liquid fuels (petrol and diesel), while within ATGL's authorised Geographical areas, select Jio-bp fuel outlets will integrate ATGL's CNG dispensing units, thus enhancing the supply of high-quality fuels to transport consumers.
Commenting on the results, ED & CEO Suresh P Manglani said, 'During the quarter, we achieved a robust year-on-year volume growth of 16%, driven by a 21% increase in CNG volumes. We are continuing expansion of our CGD networks across all 34 Geographical Areas (GAs) with over 14,000 inch-km of backbone steel pipelines, 650 CNG stations and are very close to touching 1 million consumers base. EV charging points have increased to over 3,800. This all-round superior performance was delivered while APM gas allocation for CNG was at 43% and the balance supplies were being offset with allocation of higher priced new wells and HPHT (High Pressure High Temperature) gas.
"Looking ahead, we are focused on expanding not only our CGD infrastructure across our geographical areas but also our LNG, e-mobility solutions, and CBG (Compressed Biogas) businesses. During the quarter, we commissioned our first CBG station in Haryana," he added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
9 minutes ago
- Mint
Niti Aayog proposes stiffer taxes, stringent emission norms for fossil fuel vehicles to promote EVs
New Delhi: Nudges are not enough anymore. With India's electric vehicle (EV) adoption lagging behind global peers, Niti Aayog is pushing for a sharper pivot by proposing mandates, penalties, and steeper costs for fossil fuel vehicles to make the EV shift inevitable. The proposals mark a strategic shift from a decade of subsidies and incentives to a model that actively disincentivises petrol and diesel use. In a policy report released Monday, the government think tank called for higher registration fees, tougher emission norms and increased input taxes on internal combustion engine vehicles. Alongside city-level EV saturation pilots and targeted financing for electric buses and trucks, the push comes amid concerns over supply chain vulnerabilities, especially after China's export curbs on rare earth magnets. Niti Aayog's roadmap aims to speed up India's path to net-zero by 2070 and close the gap with EV leaders such as China and the US. The 'Unlocking a $200 Billion Opportunity: Electric Vehicles in India" report has proposed stringent vehicle emission standards, mandates for share of clean mobility in a fleet, higher registration fees and taxes on fossil fuel call for stringent emission standards come amid the industry tiff on the implementation of the Corporate Average Fuel Efficiency (CAFE) norms for passenger cars from April 2027 over whether relaxations should be given to smaller cars. The Niti Aayog's suggestions also include focus on financing for electric buses and trucks and scaling up research efforts to lower battery costs, according to the report. It proposes segregating the cost of the EV battery from that of the rest of the vehicle, allowing consumers to only pay for the vehicle upfront and reducing the capital Aayog's suggestions came after its consultations showed India was struggling with challenges such as financing of vehicles, inadequate charging facilities and a general lack of awareness related to report also laid down a roadmap for central government ministries, asking the ministries of heavy industries and road transport and highways to design a more stringent plan to disincentivize the use of fossil fuel vehicleswithin one year. Niti Aayog also suggested the power ministry to expand CAFE norms to a wider segment of think tank said 98% of India's vehicle fleet comprises either small vehicles—two-wheelers or small cars—or public transport or goods vehicles. Only 2% are larger cars costing more than ₹10 lakh, the report its report, the think tank suggested focusing policy towards a specific subset of vehicles, such as two-wheelers that make for three-fourth of India's road transport, as well as focusing on saturation of EVs in a specific geographical area, instead of broad and even distribution. Niti Aayog asked the ministries of heavy industries, road transport, and the housing and urban affairs to start a pilot programme for five cities for saturating EV adoption within a year, and later scale it to 100 cities in the next 5-10 years. Policy shift The mandates, disincentives and recommendations mark a shift in EV policy frameworks after more than a decade of incentives for manufacturing and purchasing of EVs. These incentives included tax reduction, consumer subsidies, and production-linked incentives. The Union government also reduced the goods and services tax (GST) on EVs to 5% against a much higher levy of 28% on fossil fuel had kicked off its Faster Adoption and Manufacturing of Electric (& Hybrid) vehicles (FAME) scheme in FY15, offering discounts, or subsidies, on purchase of EVs. This scheme had two iterations of five years each, marking a decade of incentivizing consumers to shift to EVs by the end of FY24. The third iteration, now named the PM E-drive scheme, has a run time of two years from the beginning of FY25 to the end of 2021, the government also announced the ₹25,938-crore production-linked incentive scheme for automobiles and automotive components to incentivize manufacturers to shift towards zero-emission Niti Aayog also launched an EV index of states on Monday to boost competitive federalism, mapping the preparedness of each state to adopt electric mobility. Delhi, Maharashtra and Chandigarh were frontrunners in the index in 2024. Global comparison India's EV adoption has been considerable, but it has not been able to beat other major economies such as the US and China, Niti Aayog officials said.'While EV sales have grown from 50,000 units in 2016 to 2.08 million in 2024, the progress has been relatively slower compared to global trends, where sales rose from 918,000 to 18.78 million during the same period," Niti Aayog said in a press Aayog distinguished fellow O.P. Agarwal said that while India's adoption in electric three-wheelers is better than that of China, it lags behind in other vehicle segments. 'There has been some progress in electric buses and electric cars, but electric trucks have yet to pick up," he report said China's sales of electric trucks in the 'above 3.5 tons' category was around 76,000, while India's was about 280, citing data from the International Energy Agency and the central government's Vahan registry of vehicles. China's penetration of these trucks was 3%, while that of India was 0.07%, the report Aayog chief executive officer B.V.R. Subrahmanyam andmember Rajiv Gauba both said the adoption of electric mobility is crucial to achieve the goal of net-zero carbon emissions by 2070.'The Department of Financial Services (DFS) should work with banks to provide longer loans, that is, loans of longer durations, for the purchase of EVs, especially trucks," said Gauba, former cabinet of the ministry of heavy industries Kamran Rizvi, who heads the nodal ministry for the FAME, PM E-drive and PLI-Auto schemes, said the schemes incentivising electric mobility had pushed vehicle makers to localize their supply chains. '107 vehicles have secured the DVA (domestic value addition under the PLI-Auto scheme under the PLI-Auto scheme) now," he said. Under the PLI-Auto scheme, manufacturers have to ensure that 50% of the components used to build a zero-emission vehicle are sourced locally.
New Indian Express
17 minutes ago
- New Indian Express
China's Ant Group to fully exit Paytm by selling 5.84% stake
China's Ant Group is all set to exit One 97 Communications, the parent company of Paytm, as it plans to sell its remaining 5.84% equity stake in the fintech firm through block deals on Tuesday. Sources said that the total value of the deal is pegged at Rs 3,800 crore. The floor price for the block deal has been fixed at Rs 1,020 per share, a 5.4% discount to Paytm's last closing price of Rs 1,078.20 on Monday on the NSE. The stake sale is likely to be executed as a clean-out trade, indicating a full exit of Antfin's specified stake in a single tranche. At the end of the June quarter, Antfin (Netherlands) Holding B.V. held a 5.84% stake, or 3.77 crore shares in the company, according to exchange data. Antfin has been reducing its stake in Paytm in recent quarters. This is the third significant stake sale by the Ant Group in One 97 Communications and is expected to lead to the full exit of the Chinese investor from the company. In May 2025 and August 2023, the Alibaba-owned company sold about a 14.3% stake of Paytm for about Rs 8,830 crore.
India Today
24 minutes ago
- India Today
Bengaluru techie earning Rs 26 LPA bags Rs 70 LPA offer, reveals how in viral post
A Bengaluru-based techie claimed he received an offer of Rs 70 LPA from a company while earning Rs 28 LPA. Yes, you read that right. Surprisingly, he said he had only switched two his journey in a now-viral post on X, Saurabh Yadav said he had no IIT background, no MBA, or any other fancy degree.'First job: Rs 26 LPA, second: Rs 28 LPA, third: Rs 70 LPA. No IIT, no MBA, just worked hard. What about you?' read the caption on his Yadav, who had previously worked at Flipkart, shared a detailed post about his remarkable salary hike, from Rs 26 LPA to Rs 70 LPA, which he achieved after just two job switches. His post soon went viral on social media, drawing attention for showing how consistent effort and strategic career moves can lead to significant growth, even without degrees from prestigious institutions like IITs or an had previously worked at a look at the post here:first job: 26LPAsecond: 28LPAthird: 70LPAno IIT. no MBA. just worked about you?— Saurabh (@saurabhyadavz) August 3, 2025The comments section was soon flooded with reactions. "Awesome, man," a user wrote, while another added, "Just saw you're from my college. Quite an inspiration."Several others congratulated Yadav on his achievement, calling his journey both motivating and the comments here:Some users also shared their experiences in the comments section. "First job: Rs 36LPA. Second: Rs 98LPA. No IIT, no MBA. Just worked hard," a user commented.- EndsTrending Reel
