Adani Total Gas shares jump 1.5% on 14.4% rise in net profit in Q1FY25

The revenue jumped 8.5% to ₹1,145.4 crore from ₹1,056 crore in the corresponding quarter of the previous year. Earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 19.6% to ₹296.3 crore from ₹247.7 crore. EBITDA margin improved 26% compared to 23.5% a year ago.

Adani Total Gas supplies Piped Natural Gas (PNG) to industrial, commercial, and residential customers and Compressed Natural Gas (CNG) to the transport sector. It also operates city gas distribution networks (CGDN).

Further, CEO Suresh Mangalani said, “The company’s total EV charging points have grown to 1,212 units at the end of June 2024, and another 740 plus EV charging points are under various stages of construction at this point.”

On the biomass business, Mangalani said, "Along with the cow dung, which is the base feedstock, we have now secured the diversified feedstock of rice straw as well as press mud. This diversified feedstock availability will help us to increase the yield of compressed biogas as well as the organic fertilizer.”

Shares touched a 52-week high of ₹1,259.9 on December 8, 2023, and a 52-week low of ₹521.95 on October 26, 2023. The company’s market capitalisation, at current market price of ₹896 per share, stands at ₹98,542.98 crore. The shares have gained over 35% in the last one year.

On a technical level, Adani Total Gas’s relative strength index (RSI) is at 46.9 and the stock is trading above the 5, 10, 20 and 200-day moving averages (DMA) but below 50 and 100-DMA.