– CNG Stations now increased to 467, added 7 New CNG Stations – Total PNG home at 7.28 lakh, added 23,928 new homes on PNG – Industrial & Commercial connections increased to 7,615 added 180 new consumers

Adani Total Gas Ltd (“ATGL”), India’s leading City Gas Distribution company, announced today its operational and financial performance for the quarter ended 30^th June 2023.

“In the beginning of the quarter effective April 2023, CGD industry saw key support from Government of India notifying the stability of APM prices with floor and cap which helped ATGL to reduce the prices of PNG and CNG making it more affordable for end consumers to opt for cleaner fuel as their preferred choice. Despite challenges emerging from softening of alternate fuels, Team ATGL achieved excellent physical and financial results with significant increase in infrastructure reach, augmentation of volume and highest ever EBIDTA. With the continued constructive policy support to CGD industry coming from Government, we are confident the further growth in infra numbers and volume shall gain momentum in spreading CGD network across all our 33 Geographical Areas,” said Mr. Suresh P Manglani, ED & CEO of Adani Total Gas. “With the consumer centricity approach, we have expanded our horizons by increasing our reach/footprint in core CGD business and beyond natural gas through setting up EV charging stations, converting waste to CBG and exploring to set up LNG stations for long haul heavy vehicles, offering a wider range of sustainable energy solutions to all our consumers.”

Standalone Operational and Financial Highlights:

Particulars	UoM	Q1 FY24	Q1 FY23	% Change YoY
Operational Performance
Sales Volume	MMSCM	198	183	8%
CNG Sales	MMSCM	128	109	18%
PNG Sales	MMSCM	70	74	-6%
Financial Performance
Revenue from Operations	INR Cr	1,135	1,110	2%
Cost of Natural Gas	Rs Cr	793	785	1%
Gross Profit	Rs Cr	342	325	5%
EBITDA	INR Cr	255	228	12%
Profit Before Tax	INR Cr	199	185	7%
Profit After Tax	INR Cr	148	138	7%

Results Commentary Q1 FY24 (Y-o-Y)

About Adani Total Gas

Adani Total Gas Ltd is India’s leading private player in developing City Gas Distribution (CGD) networks to supply Piped Natural Gas (PNG) to Industrial, Commercial, Domestic (residential) customers and Compressed Natural Gas (CNG) to the transport sector. Given its gas distribution, ATGL is authorised in 33 Geographical Areas and plays a significant role in the nation’s efforts to enhance the share of natural gas in its energy mix. Of the 52 GAs, 33 are owned by ATGL and the balance 19 GAs are owned by Indian Oil-Adani Gas Private Limited (IOAGPL) – a 50:50 joint venture between Adani Total Gas Limited and Indian Oil Corporation Limited. Further, ATGL has formed 2 wholly owned subsidiaries namely Adani TotalEnergies      E-Mobility Ltd (ATEEL) and Adani TotalEnergies Biomass Ltd (ATEBL) for its E-Mobility and Biomass Business respectively.