Adani Total Gas Q1 profit up 7% on higher CNG sales

Mumbai, 1/8: Adani Total Gas Ltd, the city gas joint venture of Adani Group and French energy giant TotalEnergies, on Tuesday reported 7 per cent rise in June quarter net profit on the back of higher CNG sales.

 

 

Net profit of Rs 148 crore in April-June is compared with Rs 138 crore a year back, the company said in a statement.

 

Revenue increased 2 per cent to Rs 1,135 crore.

 

The firm sold 8 per cent more gas at 198 million standard cubic meters in the quarter. Of this, CNG sales rose 18 per cent to 128 mmscm.

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