BUSINESS

Adani Total Gas Q4 & FY25 Results

Adani Total Gas (ATGL) posts strong FY25 results with 15% volume growth, 12% rise in revenue, and major expansion in CNG, PNG, EV charging, and biomass businesses.

Harsh

28 Apr 2025 22:23 IST

New Update

Adani Total Gas (ATGL), India’s leading energy transition company, continues its mission of transforming India's energy landscape through extensive infrastructure development.

Today, ATGL announced its operational, infrastructural and financial performance for the quarter and year ended 31st March 2025.

“During the year, Team ATGL has continued its thrust to expand access of PNG and CNG to large masses. ATGL has now expanded its infrastructure across CGD (close to 1 million PNG consumers and 647 CNG stations). ATGL has maintained momentum of delivering robust operational and infrastructure performance with a 15% year-on-year increase in volume, accelerating operations excellence supported by digitalization which has contributed in maintaining EBITDA of INR 1,167 Crs despite challenges faced by CGD sector on domestic gas allocation.

Furthermore, ATGL made significant progress in its new sustainable businesses. In e-mobility, 3,401 charging points have been installed out of which 2,338 EV charging points are energized. In Biomass, besides stabilizing CBG production at Barsana plant, we have launched brand “Harit Amrit” for sale of an organic fertilizer. We have commissioned our 1st LNG station in Tiruppur.

All the above efforts are in line with our commitment to spearhead India’s energy mobility transition journey with customer-centric approach and continue to have sustainable growth,” said Mr. Suresh P Manglani, ED & CEO, ATGL.

Operational Performance

Particulars	UoM	FY25	FY24	% Change YoY	Q4 FY25	Q4 FY24	% Change YoY
Sales Volume	MMSCM	993	865	15%	263	232	13%
CNG Sales	MMSCM	663	557	19%	177	149	18%
PNG Sales	MMSCM	330	308	7%	87	83	5%

Infrastructure Performance

Particulars	UoM	As on 31 Mar'25	12M Additions	Q4 Additions
CNG Stations	Nos.	647	100	42
MSN (iK)	Nos.	13,772	1,750	689
Domestic-PNG	Nos.	962,668	142,301	40,991
Commercial-PNG	Nos.	6,341	715	313
Industrial-PNG	Nos.	2,958	253	73

Infrastructure & Operations Commentary – Q4FY25

➢ CNG stations network reach to 647 CNG stations across 34 GAs

➢ Over 9.6 lakh homes are now connected with Piped Natural Gas

➢ CNG volume increased by 18% Y-o-Y on account of CNG network expansion across multiple Geographical Areas (GAs)

➢ With the addition of new PNG connections, PNG volume has increased by 5% Y-o-Y

➢ Overall volume has increased by 13% Y-o-Y

Standalone Financial Highlights

Particulars	UoM	FY25	FY24	% Change YoY	Q4 FY25	Q4 FY24	% Change YoY
Revenue from Operations	INR Cr	5,398	4,813	12%	1,448	1,257	15%
Cost of Natural Gas	INR Cr	3,680	3,188	15%	1,015	797	27%
Gross Profit	INR Cr	1,718	1,626	6%	433	461	-6%
EBITDA	INR Cr	1,167	1,150	1%	274	305	-10%
Profit Before Tax	INR Cr	868	882	-2%	198	227	-12%
Profit After Tax	INR Cr	648	653	-1%	149	165	-10%

Results Commentary FY25

➢ Revenue from operations rose by 12% on account of higher volume, primarily in the CNG segment.

➢ Besides higher volume, with lower allocation of APM gas to the CNG segment and replacement with higher-priced gas, the cost of Natural Gas rose by 15%. Allocation to the DPNG segment continued at 105%.

➢ During the quarter, APM allocation for the CNG segment was at ~49%; the balance was met with New Well/Intervention Gas, existing contracts, and Spot procurement.

➢ ATGL took a calibrated approach in passing the higher gas cost due to the replacement of APM gas with other sources while ensuring volume growth.

➢ Consequently, EBITDA for FY25 has increased marginally despite lower allocation of APM gas due to volume growth.

Key ESG Highlights

➢ ATGL’s DJSI net ESG score improved to 62 from 54, positioning it in the 80th percentile amongst 143 companies.

➢ ATGL received the Humanity Hero Award from Yuva Unstoppable for significant contributions towards CSR activities.

➢ ATGL also received an award for the Climate Action Program 2.0 organized by CII.

➢ 25 sites are now facilitated with Rainwater Harvesting systems.

About Adani Total Gas

Given its gas distribution network, ATGL is authorised in 34 Geographical Areas (GAs) and plays a significant role in the nation’s efforts to enhance the share of natural gas in its energy mix.

Of the 53 GAs, 34 are owned by ATGL and the balance 19 GAs are owned by Indian Oil-Adani Gas Private Limited (IOAGPL) — a 50:50 joint venture between Adani Total Gas Limited and Indian Oil Corporation Limited.

Further, ATGL has formed two wholly owned subsidiaries, namely:

Adani TotalEnergies E-Mobility Ltd (ATEL) for its E-Mobility business
Adani TotalEnergies Biomass Ltd (ATBL) for its Biomass business

Additionally, ATGL has established a 50:50 joint venture, Smart Meter Technologies Private Limited, for its gas meter manufacturing business.

Quarterly Results Adani