In a notable financial achievement, Adani Total Gas Ltd, the esteemed joint venture between the Adani group and TotalEnergies of France, has announced a substantial 59% increase in net profit for the March quarter. The surge in profits was primarily attributed to a remarkable uptick in CNG (Compressed Natural Gas) sales volumes.

According to a statement released by the company, the net profit for the January-March period stood at Rs 165 crore, marking a significant leap from Rs 104 crore recorded during the corresponding period last year.

Adani Total Gas Ltd, renowned for its extensive distribution network catering to CNG for automobiles and piped natural gas for household cooking purposes, witnessed a commendable 5% rise in revenue, reaching Rs 1,257 crore. Additionally, the EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) exhibited robust growth, soaring by an impressive 49% to Rs 305 crore during the quarter.

This substantial growth underscores the company’s unwavering commitment to delivering efficient and sustainable energy solutions. The surge in CNG sales volumes not only reflects the increasing adoption of cleaner fuel alternatives but also highlights the pivotal role played by Adani Total Gas Ltd in driving the transition towards greener energy solutions in India.

As the company continues to expand its footprint and enhance its operational capabilities, stakeholders are optimistic about its potential to further consolidate its position as a leading player in the energy sector, contributing significantly to India’s sustainable development goals.