Adani Total Gas Q1 FY27 profit declines 14% to ₹142 cr
AI Summary
Adani Total Gas Ltd experienced a 14% decline in consolidated profit to ₹142 crore for Q1 FY27, down from ₹165 crore in the same quarter last year. Despite the profit drop, the company's revenue from operations rose by 27% year-on-year to ₹1,907 crore, indicating strong sales growth in its natural gas distribution segment.
Adani Total Gas Ltd reported a 14 percent year-on-year decline in consolidated profit to ₹142 crore for the first quarter of FY27, compared with Rs 165 crore in the April-June quarter of the previous fiscal.
The profit attributable to owners of the parent stood at ₹142 crore during the quarter. The company’s revenue from operations, however, increased 27 percent year-on-year to ₹1,907 crore during the period.
Adani Total Gas operates in a single business segment, which includes the sale and distribution of natural gas. The company’s operations are focused on providing natural gas distribution services across its operating areas.
Original Article
Published on Hindu BusinessLine