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This Article is From Jun 29, 2021

Adani Total Gas - Play On India’s Growing Gas Demand: ICICI Direct

Adani Total Gas - Play On India’s Growing Gas Demand: ICICI Direct
A liquefied natural gas pipeline. (Photographer: Tomohiro Ohsumi/Bloomberg).

BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Adani Total Gas Ltd.'s operating revenue increased 25.3% YoY to Rs 614.5 crore in Q4 FY21 owing to an increase in realisation as well as sales volume.

On a QoQ basis, revenue grew 17.7%. Total sales volume was 1.8 million metric standard cubic meter per day, 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/standard cubic meter, 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 profit after tax was at Rs 144.8 crore, up 18.6% YoY.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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