Adani Whole Gasoline Ltd. has reported a 12 % year-over-year enhance in income from operations to INR 13.15 billion ($156.35 million) for the three months to September, the second quarter within the firm’s monetary yr 2025 (Q2 FY2025).
The expansion was pushed by a 19 % enhance in compressed pure fuel (CNG) gross sales volumes to 162 million cubic meters (5.72 billion cubic ft). The TotalEnergies SE-backed firm added 18 stations within the interval, increasing its CNG community to 577 stations, it stated in its quarterly report.
Gross sales of piped pure fuel (PNG) additionally rose seven % to 80 million cubic meters (2.83 billion cubic ft) in comparison with the second quarter of economic yr 2024. Adani Whole Gasoline linked over 34,000 households to its pipeline distribution between July and September, growing its family clients to 893,000.
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It has additionally elevated its industrial and industrial connections to greater than 8,700 with over 200 shoppers added.
Ahmedabad-based Adani Whole Gasoline additionally put into service its first liquefied pure fuel station for the transport sector. It’s “progressing in direction of masking key freeway networks aiding India’s decarbonization march”, chief govt and govt director Suresh P Manglani stated.
Final month Adani Whole Gasoline secured $375 million in financing from worldwide lenders to increase its metropolis fuel distribution infrastructure throughout 13 states. Adani Whole Gasoline goals to cowl over 200 million individuals with the enlargement marketing campaign.
Adani Whole Gasoline logged INR 4.44 billion ($52.79 million) in gross revenue for Q2 FY2025, up 10 % year-on-year. EBITDA climbed eight % to INR 3.13 billion ($37.22 million). Revenue after tax rose six % to INR 1.78 billion ($21.16 million).
It stated it’s contemplating revising its pricing to account for a decreased allotment for fuel lined beneath the federal government’s Administered Value Mechanism (APM). “With impact from 16 October 2024, there was decrease allocation of APM fuel by 16 % as in comparison with earlier allocation”, the corporate stated.
“Following the latest discount in APM fuel allocation, which caters to auto CNG and residential PNG shoppers, we’re intently monitoring the state of affairs and given our diversified fuel sourcing portfolio, we’ll guarantee a calibrated pricing method to steadiness the curiosity of our shoppers”, Manglani stated.
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