Adani Total Gas's Q2FY24 Financial Performance Review
In this financial performance review, we delve into the results of Adani Total Gas for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.
| Particulars | Q2FY23 | YoY (% change) | Q1FY24 | QoQ (% change) | Q2FY24 |
| Total Income (₹crs.) | 1,200.43 | -1.04 | 1,142.72 | 3.96 | 1,187.98 |
| Expenses (₹crs.) | 1,012.90 | -4.85 | 944.05 | 2.09 | 963.74 |
| Net Profit (₹crs.) | 160.02 | 7.91 | 150.22 | 14.95 | 172.68 |
| Margin (%) | 13.33 | 1.21 | 13.15 | 1.39 | 14.54 |
REVENUE:
Adani Total Gas reported a total income of ₹1,187.98 crores in the second quarter of fiscal year 2024, marking a modest increase of 3.96% compared to the preceding quarter. Year-on-year, the revenue experienced a marginal decline of -1.04% from ₹1,200.43 crores.
EXPENSES:
The company's expenses for Q2FY24 amounted to ₹963.74 crores, indicating a moderate increase of 2.09% compared to the preceding quarter. In a YoY comparison, expenses decreased by -4.85% from ₹1,012.90 crores in Q2FY23.
NET PROFIT:
Adani Total Gas reported a net profit of ₹172.68 crores, demonstrating a robust growth of 14.95% compared to the net profit of ₹150.22 crores in the preceding quarter, Q1FY24. YoY, the net profit increased by 7.91%.
MARGINS:
Adani Total Gas's margin in Q2FY24 was 14.54%, showing a significant increase of 1.39% compared to Q1FY24. Year-on-year, the margin increased by 1.21%, up from 13.33% in Q2FY23.
In conclusion, Adani Total Gas's financial performance in the second quarter of fiscal year 2024 reflects a positive outlook with a notable growth in net profit and margins. The increase in revenue and profitability indicates a promising trajectory for the company, potentially driven by efficient cost management and growth in operations.
Stay tuned for more updates on upcoming financial performances.