Adani Total Gas S Q2fy24 Financial Performance Review

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Adani Total Gas's Q2FY24 Financial Performance Review

ri-calendar-2-lineNov 2, 2023

By: BlinkX Research Team

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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.

 

ParticularsQ2FY23YoY (% change)Q1FY24QoQ (% change)Q2FY24
Total Income (₹crs.)1,200.43-1.041,142.723.961,187.98
Expenses (₹crs.)1,012.90-4.85944.052.09963.74
Net Profit (₹crs.)160.027.91150.2214.95172.68
Margin (%)13.331.2113.151.3914.54

 

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.

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