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Adani total gas Q1 net profit up 20%, revenue rises 9%
The Business Guardian
|July 30, 2024
Adani Total Gas Ltd, a prominent city gas distribution company, announced a significant rise in its operational and financial performance for the quarter ending June 2024.
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The company reported that its revenue from operations increased by 9% year-on-year, reaching Rs 1,237 crore, up from Rs 1,135 crore in the same quarter of 2023.
The company’s net profit, or profit after tax, saw a substantial growth of 20%, rising to Rs 177 crore compared to Rs 148 crore in the corresponding quarter of the previous year. Additionally, the company’s EBITDA (earnings before interest, taxes, depreciation, and amortization) increased by 21%, amounting to Rs 308 crore, up from Rs 255 crore in the April-June 2023 quarter.
Dit verhaal komt uit de July 30, 2024-editie van The Business Guardian.
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