Adani Total Gas Ltd Q3FY21 consolidated net profit higher at Rs. 145.87 crores

Adani Total Gas Ltd has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.531.04 crores during the period ended December 31, 2020 as compared to Rs.449.20 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.145.87 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.134.31 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.1.33 for the period ended December 31, 2020 as compared to Rs.1.22 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 531.04 crs	₹ 449.20 crs	18.22%
Net Profit	₹ 145.87 crs	₹ 134.31 crs	8.61%
EPS	₹ 1.33	₹ 1.22	9.02%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.531.04 crores during the period ended December 31, 2020 as compared to Rs.529.10 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.145.87 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.115.54 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.33 for the period ended December 31, 2020 as compared to Rs.1.05 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 531.04 crs	₹ 529.10 crs	0.37%
Net Profit	₹ 145.87 crs	₹ 115.54 crs	26.25%
EPS	₹ 1.33	₹ 1.05	26.67%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1195.18 crores during the 9 months period ended December 31, 2020 as compared to Rs.1533.24 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.319.09 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.314.91 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.2.90 for the 9 months period ended December 31, 2020 as compared to Rs.2.86 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 1195.18 crs	₹ 1533.24 crs	-22.05%
Net Profit	₹ 319.09 crs	₹ 314.91 crs	1.33%
EPS	₹ 2.90	₹2.86	1.4%

Commenting on the quarter result of the Company, Mr. Gautam Adani, Chairman, Adani Group said, "I am witnessing the progress made by the combined synergies of Adani and Total. Our collective strengths will significantly contribute towards creation of a gas-based economy. We are committed to take this cleaner fuel across the nation in line with our vision to build a sustainable future."

Mr. Suresh P Manglani, CEO of Adani Total Gas said, "The Company is renamed to "Adani Total Gas Limited" (ATGL) to reflect the strong interest of two promoter partners. The Company has reported second successive quarter of highest ever financial performance with robust physical infrastructure growth despite ongoing pandemic. We continue to pursue the strategy of expanding CGD Infrastructure on fast track mode. We are consistently encouraging society to convert their vehicles to environmental-friendly CNG and contribute in reducing the carbon footprint."

Shares of Adani Total Gas Ltd was last trading in BSE at Rs.401 as compared to the previous close of Rs. 387.75. The total number of shares traded during the day was 92950 in over 2634 trades.

The stock hit an intraday high of Rs. 406.5 and intraday low of 387.1. The net turnover during the day was Rs. 37137767.

Source : Equity Bulls

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