Adani Total Gas Ltd. (ATGL) shares fell 4% after the company released its financial results for the quarter ended December 31, 2024. As of 2:34 PM, the shares were trading 2.86% lower at Rs 623.15.
In Q3 FY25, the company recorded revenue of ₹1,400.88 crore, up 12.5% from ₹1,244 crore in Q3 FY24. Despite revenue increase, the company’s profit after tax (PAT) decreased by 19.4% to ₹142.38 crore, from ₹176.64 crore in the same period last year.
ATGL’s revenue increased by 6.3% compared to the previous quarter, reaching ₹1,318.37 crore in Q2 FY25. However, PAT declined by 23.3%, from ₹185.60 crore in Q2 FY25.
ATGL’s revenue for the nine-month period ending December 31, 2024 was ₹3,958.31 crore, up 11.2% from ₹3,558.12 crore the previous year. However, net profit was flat at ₹499.82 crore, compared to ₹499.54 crore the prior year. The company’s mixed performance, with solid revenue growth but declining profits, has investors closely monitoring its future financial health.
Adani Total Gas opened at 640.95, reaching a high of 640.95 and a low of 611.70 today. The stock has seen significant fluctuations over the past 52 weeks, with a 52-week high of 1,190.00 and a 52-week low of 545.75.
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