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 in...