|
Adani
Total Gas consolidated net sales increased 150.74% to Rs 494.33 crore in Q1FY22
compared to Q1FY21. Operating profit margin has jumped from 39.24% to 41.90%,
leading to 167.72% rise in operating profit to Rs 207.11 crore. Raw material cost as a % of total sales (net
of stock adjustments) increased from 38.24% to 43.83%. Employee cost decreased
from 6.78% to 2.37%. Other expenses
fell from 15.71% to 11.88%.
Other
income fell 1.67% to Rs 8.23 crore.
Provision for interest rose 27.43% to Rs 11.29 crore. Provision for
depreciation rose 30.09% to Rs 18.59 crore.
Profit before tax grew 196.36% to Rs 185.46 crore. Provision for tax was expense of Rs 47.06
crore, compared to Rs 16.25 crore.
Effective tax rate was 24.82% compared to 29.46%. Net profit
attributable to owners of the company increased 266.44% to Rs 142.58
crore.
Promoters’
stake was 74.80% as of 30 June 2021 compared to 74.80% as of 30 June 2020 .
Commenting on the
quarter result of the Company, Mr. Gautam Adani, Chairman, Adani Group said, “The intent of both the Adani Group
and Total Energies is to rapidly establish an energy portfolio that continues
to get greener - and gas is a critical component of this mix. ATGL`s strong
performance is yet again a manifestation of this intent and we are strongly
positioned to continue to significantly expand our CGD networks across all
geographical areas. We realize that the on-ground situation has been challenging
and, in this context, I am proud of the resilience demonstrated by our
frontline employees. Each of them truly represents our joint belief in nation
building.”
Mr. Suresh P Manglani,
CEO of Adani Total Gas said,
“Despite the severe onslaught of the Covid-19 pandemic across India, ATGL has
delivered an excellent performance for Q1FY22 on all fronts – by its volume
growth, infrastructure growth, financial results and by safely running
operations on a 24x7 basis. This testifies to our strong foundations and
continued growth, which are helping us to provide PNG to every home and to
commercial and industrial consumers, and CNG to large masses of transport
consumers. Besides growing core business, ATGL is now focusing on adopting and
implementing strong ESG practices. Our long-term strategy is aligned with
global best practices in the realm of sustainability while providing unhindered
service to our consumers and creating value for all our stakeholders.”
Operational Highlights
Q1FY22 (Standalone Y-o-Y)
§ CNG Stations increased to 224, with
commissioning of 7 New CNG Stations
§ PNG Home Connection increased to 4.88
lakh with addition of 9,223 new connection
§ Industrial & Commercial connection
increased to 5,065 with addition of 99 new Industrial and Commercial connection
§ Completed 2873 Inch Km of Steel
Pipeline in New GA allotted in 9th and 10th round
§ Combined CNG and PNG volume of 140
MMSCM, rise of 118%. CNG sales volume was up 180% to 68 MMSCMD while PNG sales
volume was up 80% to 72 MMSCMD
§ Combined Exit Volume on 30th June 2021
reached to 1.79 MMSCMD, thus signifying significant recovery in volume ahead of
Q2FY22
Full year results
analysis
Net
sales of Adani Total Gas has declined 9.55% to Rs 1695.6 crore. Operating profit margin has jumped from
31.73% to 41.54%, leading to 18.42% rise in operating profit to Rs 704.32
crore. Raw material cost as a % of total
sales (net of stock adjustments) decreased from 56.54% to 45.42%. Employee cost
increased from 2.53% to 3.04%. Other
expenses rose from 9.20% to 10.03%.
Other
income fell 0.07% to Rs 44.36 crore.
Provision for interest fell 1.39% to Rs 40.48 crore. Loan funds rose to Rs 471.53 crore as of 31
March 2021 from Rs 380.06 crore as of 31 March 2020. Inventories rose to Rs 52.01 crore as of 31
March 2021 from Rs 41.30 crore as of 31 March 2020. Sundry debtors were higher at Rs 103.68 crore
as of 31 March 2021 compared to Rs 61.17 crore as of 31 March 2020. Cash and bank balance declined from Rs 89.47
crore as of 31 March 2020 to Rs 10.87 crore as of 31 March 2021. Investments rose to Rs 417.33 crore as of 31
March 2021 from Rs 281.56 crore as of 31 March 2020 .
Provision
for depreciation rose 23.31% to Rs 62.52 crore.
Fixed assets increased to Rs 2,040.12 crore as of 31 March 2021 from Rs
1,514.58 crore as of 31 March 2020.
Intangible assets increased from Rs 25.49 crore to Rs 35.66 crore.
Profit
before tax grew 17.95% to Rs 645.68 crore.
Provision for tax was expense of Rs 159.26 crore, compared to Rs 111.16
crore. Effective tax rate was 25.60%
compared to 20.30%.
Net
profit attributable to owners of the company increased 6.07% to Rs 462.82
crore.
Equity
capital stood at Rs 109.98 crore as of 31 March 2021 to Rs 109.98 crore as of
31 March 2020. Per share face Value
remained same at Rs 1.00.
Promoters’
stake was 74.80% as of 31 March 2021 ,compared to 74.80% as of 31 March 2020
.
Cash
flow from operating activities increased to Rs 653.50 crore for year ended
March 2021 from Rs 492.40 crore for year ended March 2020. Cash flow used in acquiring fixed assets
during the year ended March 2021 stood at Rs 606.43 crore, compared to Rs
441.89 crore during the year ended March 2020.
The
scrip trades at Rs 884
|
Adani Total Gas : Consolidated Results
|
|
|
Quarter ended
|
Year ended
|
|
Particulars
|
202106
|
202006
|
Var.(%)
|
202103
|
202003
|
Var.(%)
|
|
Net
Sales
|
494.33
|
197.15
|
151
|
1,695.60
|
1,874.55
|
-10
|
|
OPM
(%)
|
41.9
|
39.2
|
|
41.5
|
31.7
|
|
|
OP
|
207.11
|
77.36
|
168
|
704.32
|
594.76
|
18
|
|
Other
Inc.
|
8.23
|
8.37
|
-2
|
44.36
|
44.39
|
0
|
|
PBIDT
|
215.34
|
85.73
|
151
|
748.68
|
639.15
|
17
|
|
Interest
|
11.29
|
8.86
|
27
|
40.48
|
41.05
|
-1
|
|
PBDT
|
204.05
|
76.87
|
165
|
708.2
|
598.1
|
18
|
|
Depreciation
|
18.59
|
14.29
|
30
|
62.52
|
50.7
|
23
|
|
PBT
|
185.46
|
62.58
|
196
|
645.68
|
547.4
|
18
|
|
Share
of Profit/(Loss) from Associates
|
4.18
|
-7.42
|
LP
|
-9.13
|
0.08
|
PL
|
|
PBT
before EO
|
189.64
|
55.16
|
244
|
636.55
|
547.48
|
16
|
|
EO
Income
|
0
|
0
|
-
|
-14.47
|
0
|
-
|
|
PBT
after EO
|
189.64
|
55.16
|
244
|
622.08
|
547.48
|
14
|
|
Taxation
|
47.06
|
16.25
|
190
|
159.26
|
111.16
|
43
|
|
PAT
|
142.58
|
38.91
|
266
|
462.82
|
436.32
|
6
|
|
EPS
(Rs)*
|
#
|
#
|
|
4.3
|
4.0
|
|
|
Notes
|
|
*
EPS is on current equity of Rs 109.98 crore, Face value of Rs 1, Excluding
extraordinary items.
|
|
#
EPS is not annualised
|
|
bps
: Basis points
|
|
EO
: Extraordinary items
|
|
Figures
in Rs crore
|
|
Source:
Capitaline Corporate Database
|
|