Adani Total Gas Limited has reported its consolidated financial results for the quarter ended December 31, 2024. The company posted revenue from operations of ₹1,400.88 crore, reflecting a growth of 12.5% YoY compared to ₹1,244 crore in the same quarter last year. However, profit for the quarter declined 19.4% YoY, standing at ₹142.38 crore as against ₹176.64 crore in Q3 FY24.
Below is a detailed comparison of the company’s financial performance on a YoY and QoQ basis:
| Particulars | Q3 FY25 (₹ Cr) | Q3 FY24 (₹ Cr) | YoY Change (%) | Q2 FY25 (₹ Cr) | QoQ Change (%) |
|---|---|---|---|---|---|
| Revenue from Operations | 1,400.88 | 1,244.00 | 12.5% | 1,318.37 | 6.3% |
| Profit After Tax (PAT) | 142.38 | 176.64 | -19.4% | 185.60 | -23.3% |
For the nine months ended December 31, 2024, the company reported cumulative revenue of ₹3,958.31 crore, marking an 11.2% increase from ₹3,558.12 crore during the same period last year. The net profit for the nine-month period was flat at ₹499.82 crore compared to ₹499.54 crore in the previous year.
The decline in profit during the quarter is attributed to increased operational costs and sectoral challenges. Despite the near-term pressures, Adani Total Gas continues to focus on its long-term strategies to expand its natural gas distribution network.