Profit before tax stood at Rs 231.46 crore in the December quarter, up 15.12% from Rs 201.06 crore recorded in the same period last year.

EBITDA grew 26% to Rs 301 crore in the third quarter of FY24 as compared with Rs 238 crore reported in Q3 FY23.

The total sales volume increased 21% to 224 million metric standard cubic meter (MMSCM) in Q3 FY24 as against 186 MMSCM reported in Q3 FY23.

Compressed natural gas (CNG) sales jumped 24% to 144 MMSCM in Q3 FY24 as compared to 116 MMSCM posted in Q3 FY23. However, piped natural gas (PNG) sales grew 15% to 80 MMSCM in Q3 FY24 over 70 MMSCM recorded in the similar quarter last year.

Suresh P Manglani, ED & CEO of Adani Total Gas said, “With expansion of CGD infrastructure, together with ceasing opportunity in the areas of emobility, biomass and LNG for Transport & Mining (LTM), ATGL has once again delivered a double-digit growth in volumes of 13% YoY on nine months basis. The rise in volume coupled with efficient gas sourcing and an ‘eye’ on opex have led to increase in EBIDTA by 20% YoY in nine months. The company’s present priority is to focus on providing easy access of natural gas in the form of PNG and CNG by fast tracking the infrastructure development in all our geographical areas,”

“With our consumer centricity approach, apart from e-mobility and biomass (CBG) we are now also embarking upon LNG for Transport & Mining (LTM). ATGL will provide decarbonizing solutions for various entities and help in reducing carbon footprint. Our strategy will be to offer a wider range of cleaner energy fuel to all our consumers”.

Adani Total Gas is one of India's leading private players in developing city gas distribution (CGD) networks to supply piped natural gas (PNG) to industrial, commercial, domestic (residential) customers and compressed natural gas (CNG) to the transport sector.

Shares of Adani Total Gas ended 0.72% lower at Rs 1,028.15 on the BSE.