Company Update - Adani Total Gas - ICICI Direct

Adani Total Gas' (ATGL) operating revenues increased 25.3% YoY to Rs. 614.5 crore in Q4FY21 owing to an increase in realisation as well as sales volume. On a QoQ basis, revenues grew 17.7%. Total sales volume was 1.8 mmscmd, up ~14% YoY, ~11% QoQ. EBITDA for the quarter increased 21.9% YoY to Rs. 204.7 crore. Gross margins remained healthy at Rs. 17/scm, up Rs. 0.4/scm YoY due to better realisation. EBITDA/scm was at Rs. 12.3/scm, Rs. 0.7/scm higher YoY. Reported PAT was at Rs. 144.8 crore, up 18.6% YoY.

For details, click on the link below: Link to the report

Shares of Adani Gas Ltd was last trading in BSE at Rs.1129.85 as compared to the previous close of Rs. 1189.3. The total number of shares traded during the day was 19223 in over 1847 trades.

The stock hit an intraday high of Rs. 1129.85 and intraday low of 1129.85. The net turnover during the day was Rs. 21719106.

Source : Equity Bulls

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