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Adani Total Gas reports 44% fall in Q4 consolidated net profit

05 May 2022 Evaluate

Adani Total Gas has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a fall of 47.67% in its net profit at Rs 75.79 crore for the quarter under review as compared to Rs 144.82 crore for the same quarter in the previous year. However, total income of the company increased by 69.76% at Rs 1,075.66 crore for Q4FY22 as compared Rs 633.65 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 43.58% in its net profit at Rs 81.09 crore for the quarter under review as compared to Rs 143.73 crore for the same quarter in the previous year. However, total income of the company increased by 69.76% at Rs 1,075.66 crore for Q4FY22 as compared Rs 633.65 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported a rise of 6.93% in its net profit at Rs 504.66 crore as compared to Rs 471.95 crore for the previous year. Total income of the company increased by 77.59% at Rs 3,247.86 crore for year under review as compared to Rs 1,828.83 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 10.06% in its net profit at Rs 509.40 crore as compared to Rs 462.82 crore for the previous year. Total income of the company increased by 77.59% at Rs 3,247.86 crore for year under review as compared to Rs 1,828.83 crore for year ended March 31, 2021.

Peers
Company Name CMP
GAIL (India) 170.50
Gujarat Energy 243.45
Indraprastha Gas 150.15
Mahanagar Gas 1072.65
Adani Total Gas 579.95
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