ATGL revenue increases by 83 per cent; EBITDA increases by 28 per cent

In a notable development, Adani Total Gas Limited (ATGL) reported an 83 per cent increase in revenue at Rs 21.41 billion from April to December 2021. In addition to this, ATGL also witnessed a 28 per cent increase in Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for its operational and financial performance in the third quarter and nine months that ended on December 31, 2021.

On a year-on-year basis, the compressed natural gas (CNG) volume increased by 71 per cent during the first nine months of financial year 2021-22 on account of new CNG stations added and strong recovery of economic activity. On the other hand, piped natural gas volume increased by 26 per cent due to newly added customers and economic recovery.