Storm in share price due to Q2 results of Adani Total Gas, after continuous decline the stock is now on the path of reversal
Adani Total Gas said that EBITDA increased by 8 percent to Rs 313 crore in the quarter ending September 30, 2024. In the second quarter of FY 2025, the company's PAT increased by 6 percent to Rs 178 crore.
Adani Total Gas on
Thursday reported 7% year-on-year (YoY) growth in its consolidated net profit
for the quarter ended September 30, 2024, at Rs 186 crore compared to Rs 173
crore in the same quarter last year.
Adani Total Gas
said that its CNG gas volumes have increased by 19 percent in the second
quarter of FY 2025 due to network expansion in multiple geographical areas
(GAs). The company said that for the particular quarter the total volume of
both CNG and PNG together has increased by 15%.
Adani Total Gas said that EBITDA increased by 8 percent to Rs 313 crore in
the quarter ending September 30, 2024. In the second quarter of FY 2025, the
company's PAT increased by 6 percent to Rs 178 crore.
Shares of Adani Total Gas rose by 7.83 percent on Thursday under the
influence of strong quarterly results for FY 2025. The share closed at Rs
755.30 per share as against Rs 700.45 per share the previous day. There has
been a continuous decline in this stock for the last several days. There may be
a reversal in the stock after Thursday's rise.
Adani Total Gas
said that its revenue from operations increased by 10% to Rs 2,533 crore in the
second quarter of FY 2025. EBITDA increased by 14 percent to Rs 621 crore. In
the second quarter of FY 2025, the company's PAT increased by 13 percent to Rs
355 crore.
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