Adani Total Gas Q2 FY22 Results; Revenue from Operations – INR 687 Cr increase of 56%

Ahmedabad : Adani Total Gas Limited (“ATGL”), one of India’s leading private companies in the gas utility sector in India announced today its operational and financial performance for the second quarter ended 30th September 2021.


Commenting on the quarter result of the Company, Mr Gautam Adani, Chairman, Adani Group said, “I have very little doubt that gas will continue to play an increasingly important role in India’s energy mix. The ability to distribute gas across the nation is an essential benefit that the Adani Group and TotalEnergies will bring to the people. I’m excited about the possibilities as we move deeper and deeper into all the different Tier 2 and Tier 3 cities and provide them a cleaner fuel. Gas is also a fuel that can have a significant impact on how rural India will live in the future. We are committed to becoming a leader in this sector.”


Standalone Operational and Financial Highlights:


Particulars UoM Q2 FY22 Q2 FY21 % Change
H1 FY22 H1 FY21 % Change
Operational Performance              
Sales Volume MMSCM 175 131 33% 315 196 163%
CNG Sales MMSCM 91 59 54% 159 83 173%
PNG Sales MMSCM 84 72 17% 157 112 157%
Financial Performance              
Revenue from Operations INR Cr 687 441 56% 1,209 648 175%
EBITDA INR Cr 246 218 13% 462 303 147%
Profit before Tax
[Before Exceptional Item]
INR Cr 213 192 11% 399 255 153%
Exceptional Item* INR Cr 10   10  
Profit before Tax INR Cr 213 182 17% 399 245 158%
Profit After Tax INR Cr 159 136 17% 297 182 159%


*During the quarter ended on 30-Sep-20 the Company received an order dated 28th August 2020 from the Hon’ble Supreme Court of India with respect to Service Tax liability on gas connection income pertaining to FY 2008-09.


Corporate Governance – Board Charter

In the journey of continuingly strengthening ATGL governance, the board has approved the following:



Committee Existing Composition Revised Composition
Nomination & Remuneration Committees 60% Independent Directors 100% Independent Directors
CSR Committee 50% Independent Directors 60% Independent Directors
Risk Management Committees 33% Independent Directors 50% Independent Directors
  • New Board Committees:
Committee Composition
Corporate Responsibility Committee 100% Independent Directors
Public Consumers Committee 100% Independent Directors
Infotech & Data Security Committee 100% Independent Directors
Sub-Committees to Risk Management Committee –

M&A; Legal, Regulatory & Tax; Commodity Price Risk and Reputation Risk Committees

Atleast 50% Independent Directors


Mr Suresh P Manglani, CEO of Adani Total Gas said despite significant volatility in international gas prices and Covid-related challenges on the ground being faced in rolling out the infrastructure development, albeit lesser than previous quarters, Team ATGL has yet again delivered all-round excellent performance for Q2FY22 with the delivery of 20 new CNG stations, surpassing of 5 lakh PNG home connections mark and deliver of highest ever EBIDTA of INR 246 Crs in Q2. There is a significant increase in our CNG stations numbers and steel pipeline laying during the quarter. ATGL also executed, during the quarter, a joint venture agreement with 50% shareholding for setting up of manufacturing facility for mechanical and smart gas meters under Atmanirbhar Bharat initiative. Further, ATGL also has signed a definitive agreement for exclusive collaboration for setting up a bio-conversion plant in Barsana having India’s largest cow shelter with around 60,000 cows in a single location.”


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