Adani Gas Ltd. [“AGL”] today announced the financial results for the
first quarter ended 30 th June 2020.
Standalone Financial Highlights:
Particulars UoM Q1 FY21 Q1 FY20 % Change
YoY
Operational Performance
Sales Volume MMSCM 64 137 -53%
CNG Sales MMSCM 24 71 -66%
PNG Sales MMSCM 40 67 -40%
Financial Performance
Revenue from Operations INR Cr 207 479 -57%
EBITDA INR Cr 86 146 -41%
Profit before Tax INR Cr 63 123 -49%
Profit After Tax INR Cr 46 79 -42%
COVID-19 update on Business:
With continued lockdown of 69 days in Q1 FY21the Company witnessed volume impact of 53 % as
compared to Q1 FY20. There was a progressive rebound in volumes as compared to pre-covid
situation and exit volume as on 30 th June 2020had already reached at 1.25mmscmd as compared to
1.60 mmscmdfor the month of Mar’20.The operational performance of the business continues to be
recovering in phased manner towards Pre COVID level.
During the period of lockdown, the Company hadmaintained un-interrupted supply of Natural Gas –
24X7 for PNG and CNG consumers.
Critical operations like Area Emergency Offices & Master Control Rooms, Remote functioning of
Customer Care Services have remained operational adhering to complete safety and social
distancing guidelines during the period ensuring safe and satisfactory support to the consumers.
The Company’s operational efficiency, enhanced focus on supply chain management, contract
negotiations, third party spend, and fuel efficiencies have helped in partially addressing the impact of
lower volumes and improvingEBITDA margin in Q1 FY20.
Commenting on the quarter result of the Company, Mr. Gautam Adani, Chairman, Adani Group
said, “Adani Gas Limited has delivered a good performance even amidstthe global
pandemic.Commitment to sustainability is the cornerstone of the growth which AGL is set to
chart.Our strategy is designed to deliver growth with goodness while contributing to the larger
objective of nation building. In line with the Government’s policy we are committed to contribute to
the nation’s vision of providing a safer, cleaner and greener energy. As India’s economy slowly
revitalizes, Adani Gas will put its best to overcome challenges posed by the global pandemic as a
nation”
Mr. Suresh Manglani, CEO of Adani Gassaid, “We are watchful of the ongoing pandemic situation
for Covid-19. As a responsible natural gas service provider, Adani Gas Limited has ensured
continuous supply of CNG and PNG, uninterrupted and prompt customer care service during these
tough times. Adani Gas Limited has delivered a sustainable performance in Q1 FY21 despite the
impact on PNG Industrial& Commercial and CNG segments. The company is continuously and
closely monitoring the developments and is actively working to moderate the impact of this
unprecedented situation. We have resumed project and operational activities in phased manner
which were ceased in March’20 on account of lockdown, to meet our commitments towards
development of city gas distribution in the new geographical areas (GAs) and contribute towards the
nation building & providing clean energy for all.
About Adani Gas
Adani Gas Limited is one of India’s leading private players in developing City Gas Distribution (CGD)
Networks to supply Piped Natural Gas (PNG) to Industrial, Commercial, Domestic (residential)
customers and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient,
reliable and environment friendly fuel that allows consumers to enjoy a high level of safety,
convenience and economic efficiency. The Company has commenced CGD operations in the
Authorized GAs of the State of Gujarat, Rajasthan, Haryana and Utter Pradesh, aiming to grow
sustainable business in the years to come.
Adani Gas Limited has a spread of 19 geographical areas (4 existing and 15 new geographical
areas). Adani Gas limited with a short span of time as has started commercial operations in 9 new
geographical areas.
Adani Gas limited has an extended arm – Indian Oil-Adani Gas Private Limited (IOAGPL)– a 50:50
joint venture between Adani Gas Limited and Indian Oil Corporation Limited was entered in 2013-14
to capitalize on growing opportunities in natural gas demand, leveraging each other’s infrastructure
and domain expertise. Indian Oil Corporation Limited’s operational track record, existing
infrastructure terminal for LNG imports and expansive retail outlets is complimented by CGD
experience of Adani Gas Limited. IOAGPL also has a spread of 19 geographical areas.
