Latest News | Adani Total Gas's Net Profit Jumps Three-fold to Rs 138 Cr in Jun Quarter

New Delhi, Aug 4 (PTI) Adani Total Gas Ltd, the city gas joint venture between Adani Group and TotalEnergies of France, on Wednesday reported a three-fold jump in its June 2021 quarter net profit to Rs 138 crore, as sales volumes soared.

The April-June 2021 net profit was 199 per cent higher as compared with Rs 46 crore in the same period last year, the company said in a statement.

Also Read | Honor X20 5G Teased on Weibo, To Be Launched on August 12, 2021.

Sales volumes doubled to 140 million metric standard cubic meters (mmscm).

The firm sold 68 mmscm of CNG in the quarter as compared to 24 mmscm in the year-ago quarter, when mobility and economic activity got impacted due to a nationwide coronavirus lockdown.

Also Read | Flipkart Big Saving Days Sale To Begin at Midnight; Check Best Deals on Smartphones, TVs & Appliances.

The sale of piped natural gas rose 80 per cent to 72 mmscm.

Revenue from operations was up 153 per cent Rs 522 crore.

Adani Total Gas CEO Suresh P Manglani said that despite the severe onslaught of the COVID-19 pandemic across India, the firm has delivered an excellent performance for Q1FY22 on all fronts — by its volume growth, infrastructure growth, and financial results.

"Our long-term strategy is aligned with global best practices in the realm of sustainability while providing unhindered service to our consumers and creating value for all our stakeholders," he said. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)