Adani Total Gas Limited Announces Q1 2024 Financial Results

Adani Total Gas Limited (ATGL) reported its unaudited financial results for Q1 2024, showcasing steady growth in revenue and profit.

Key Financial Highlights

• Revenue from Operations: ₹1239.06 crore, a significant increase from ₹1135.35 crore in Q1 2023.
• Profit Before Tax: ₹231.73 crore, up from ₹201.32 crore in the same period last year.
• Net Profit: ₹171.84 crore, compared to ₹150.22 crore in Q1 2023.
• Earnings Per Share (EPS): ₹1.61, a notable improvement from ₹1.34 in the previous year.

H2: Board Meeting Outcomes

H3: Financial Results Approval

The Board of Directors of Adani Total Gas Limited met on 29th July 2024 to review and approve the unaudited standalone and consolidated financial results for the quarter ended 30th June 2024. The meeting commenced at 12:30 PM and concluded at 1:45 PM.

• The unaudited financial results were prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
• Both standalone and consolidated financial results, along with the Limited Review Report from the statutory auditors, were approved.

H3: New Board Appointment

On the recommendation of the Nomination and Remuneration Committee, the Board appointed Mr. Thibault Lesueur as an Additional Director (Non-Executive, Non-Independent) representing the TotalEnergies Group.

• Name: Mr. Thibault Lesueur
• DIN: 10658488
• Position: Additional Director (Non-Executive, Non-Independent)
• Term: Effective 29th July 2024, subject to shareholder approval in the next general meeting.
• Profile: Thibault Lesueur is a seasoned professional with 27 years of experience at TotalEnergies, holding leadership roles across various regions and sectors.

H2: Detailed Financial Performance

H3: Consolidated Financial Results

• Revenue: ₹1239.06 crore, up from ₹1135.35 crore in Q1 2023.
• Other Income: ₹9.02 crore, slightly higher than ₹7.37 crore in Q1 2023.
• Total Income: ₹1248.08 crore, showing a healthy increase from ₹1142.72 crore.
• Expenses: ₹1014.76 crore, compared to ₹944.05 crore in Q1 2023.

H3: Standalone Financial Results

• Revenue: ₹1237.10 crore, an increase from ₹1134.87 crore in Q1 2023.
• Other Income: ₹11.71 crore, up from ₹7.59 crore in Q1 2023.
• Total Income: ₹1248.81 crore, compared to ₹1142.46 crore.
• Expenses: ₹1011.83 crore, up from ₹943.67 crore in Q1 2023.

H2: Strategic Initiatives and Future Outlook

H3: New Geographical Areas

The company is expanding its operations into new geographical areas, including Ludhiana, Jalandhar, and Kutch (East). The authorization for Jalandhar was transferred to Adani Total Gas Limited during the quarter.