Adani Total Gas Q4FY22 PAT falls -43.6% at Rs81.09 crore yoy on 161% rise in cost of natural gas

5 May 2022 , 07:54 AM

Adani Total Gas reported 73.4% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs1,065.48 crore. On a sequential basis, revenues were higher for the quarter by 14.35%.

For the full year FY22, the revenues were higher by 79.6% at Rs3,206 crore. Overall sales for the quarter were up 13.9% at 189 MMSCM. While PNG sales were lower yoy, the sales volumes of CNG were up 33% at 100 MMSCM.

However, the sharp growth in revenues was on the back of robust gas prices. This also impacted the cost.

The consolidated net profit for Q4FY22 was down -43.58% at Rs81.09 crore while it was down on a sequential basis by -36.45%.

The EBITDA for the fourth quarter was down by 37% in Q4FY22 due to the sharp spike in cost of gas procured amidst rising gas prices globally.

For the full year FY22, the EBITDA margins were up 9% at Rs815 crore. Net margins stood at 7.61% in Q4FY22 quarter compared to 23.39% in Q4FY21. NPM was lower sequentially against 13.69% in Q3FY22. Other income for the quarter was also lower on yoy basis.

Financial highlights for Mar-22 compared yoy and sequentially

	Adani Total Gas
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 1,065.48	₹ 614.47	73.40%	₹ 931.81	14.35%
Net Profit (Rs cr)	₹ 81.09	₹ 143.73	-43.58%	₹ 127.61	-36.45%
Diluted EPS (Rs)	₹ 0.74	₹ 1.31		₹ 1.16
Net Margins	7.61%	23.39%		13.69%