Adani Total Gas Limited (ATGL) has reported a 19 per cent rise in its net profit during the fourth quarter of financial year (FY) 2020-21. The rise can be attributed to the firm’s expanded operations in newer geographies, resulting in higher sales volumes. Net profit in the January-March quarter of FY21 was Rs 1.45 billion as compared to Rs 1.22 billion during the same period of the previous fiscal.
ATGL has started operations in 14 out of the 15 geographical areas it had won in recent licensing rounds. The firm added 102 compressed natural gas stations during FY21 taking the total number to 217 while piped cooking gas connections increased by nearly 41,000 to 478,000.