Adani-Total Gas Q4 Net Sees 10% Dip

New Delhi: Adani-Total Gas Ltd, the city gas joint venture of Adani group and TotalEnergies of France, on Monday reported a 10 per cent drop in its fourth quarter net profit on higher cost of gas while the revenue soared 15 per cent.

Net profit of Rs 149 crore in January-March - the fourth quarter of April 2024 to March 2025 fiscal year - compared with Rs 165 crore earnings in the same period of the previous year, according to a company statement. Revenue from operations was up 15 per cent at Rs 1,448 crore.

The margins were impacted as the cost of natural gas - which is converted into CNG for sale to automobiles and piped to household kitchens for cooking - soared 27 per cent as the firm had to replace reduction in cheaper domestically produced fuel (called APM gas) with higher-priced gas.

The company added 42 new CNG stations to take the total strength to 647. Domestic piped natural gas users rose to 9.62 lakh after addition of 1.42 lakh in the year. After including its joint ventures, the firm had a combined CNG network of 1,072 and 1.14 million piped natural gas users.