Adani-Total Gas Q3 profit rises 20% to Rs 1.68 bn
OIL & GAS

Adani-Total Gas Q3 profit rises 20% to Rs 1.68 bn

Adani Total Gas, the city gas joint venture of Adani Group and TotalEnergies of France, announced that its net profit for the September quarter had increased by 20%. According to the company, the net profit for July-September stood at Rs 1.68 billion, which was 20% higher than the previous year's net profit of INR 139 crore in the same period. The company stated that this increase in profit was due to a boost in sales of compressed natural gas (CNG).

The sales of CNG experienced a significant rise, increasing by 20% to reach 113 million standard cubic meters. However, piped gas supplies saw a decline of 3% and stood at 75 million standard cubic meters. Despite these changes in sales volumes, the company's revenue remained nearly unchanged at Rs 11.78 billion.

The company explained, "Revenue from operations has remained flat due to a reduction in gas cost resulting from the revised pricing formula approved by the Government of India, effective from April 8, 2023. Adani Total Gas passed on this benefit to its consumers, leading to a decrease in the sales price." The company further stated that this decrease in sales price was the reason behind the unchanged revenue figures.

Additionally, the company reported that its earnings before interest, taxes, depreciation, and amortisation (EBITDA) had increased by 17%. This growth was attributed to higher sales volume and a balanced price strategy.

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

Adani Total Gas, the city gas joint venture of Adani Group and TotalEnergies of France, announced that its net profit for the September quarter had increased by 20%. According to the company, the net profit for July-September stood at Rs 1.68 billion, which was 20% higher than the previous year's net profit of INR 139 crore in the same period. The company stated that this increase in profit was due to a boost in sales of compressed natural gas (CNG). The sales of CNG experienced a significant rise, increasing by 20% to reach 113 million standard cubic meters. However, piped gas supplies saw a decline of 3% and stood at 75 million standard cubic meters. Despite these changes in sales volumes, the company's revenue remained nearly unchanged at Rs 11.78 billion. The company explained, Revenue from operations has remained flat due to a reduction in gas cost resulting from the revised pricing formula approved by the Government of India, effective from April 8, 2023. Adani Total Gas passed on this benefit to its consumers, leading to a decrease in the sales price. The company further stated that this decrease in sales price was the reason behind the unchanged revenue figures. Additionally, the company reported that its earnings before interest, taxes, depreciation, and amortisation (EBITDA) had increased by 17%. This growth was attributed to higher sales volume and a balanced price strategy.

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?