Adani Complete Gasoline Ltd, town fuel retailing three way partnership of Adani group and TotalEnergies of France, on Tuesday introduced its operational and monetary efficiency for the total 12 months (FY24) and quarter ended March 31, 2024. The corporate clocked a web revenue of Rs 165 crore in This autumn as towards Rs 104 crore in the identical interval a 12 months again, the corporate stated in a press release.
The agency, which retails CNG to cars and pipes pure fuel to family kitchen for cooking goal, noticed a income enhance of 5 per cent to Rs 1,257 crore whereas EBITDA surged 49 per cent to Rs 305 crore the quarter.
CNG gross sales rose 20 per cent to 149 million customary cubic metres and piped pure fuel gross sales had been up 15 per cent to 83 mmscm.
For the total fiscal 12 months, the corporate reported a web revenue of Rs 653 crore on a income of Rs 4,813 crore. This in contrast with Rs 530 crore web revenue on a income of Rs 4,683 crore in 2022-23.
Adani Complete Gasoline stated it added 91 new CNG stations to take the power to 547 throughout the geographies the place it holds metropolis fuel licence.
Complete piped pure fuel (PNG) houses swelled to eight.20 lakh after including 1.16 lakh new households.
“FY24 (April 2023 to March 2024 fiscal 12 months) has been a transformative 12 months for ATGL. We delivered a sturdy operational and monetary efficiency and achieved a 27 per cent year-on-year EBITDA development on the again of 15 per cent quantity development,” Adani Complete Gasoline CEO Suresh P Manglani stated.
“Through the quarter, we commissioned the first part of one of many India’s largest diversified feedstock-to-CBG plant at Barsana in Mathura and likewise expanded our E-Mobility footprint to 23 states. These, together with LTM are our subsequent huge development drivers and we’re steadily executing a sustainable marketing strategy round these neo-opportunities,” he added.
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