Adani Total Gas profit up 7% on higher CNG sales

NEW DELHI: Adani Total Gas Ltd, the city gas joint venture of Adani Group and French energy giant TotalEnergies, on Tuesday reported 7 per cent rise in June quarter net profit on the back of higher CNG sales. Net profit of Rs 148 crore in April-June is compared with Rs 138 crore a year back, the company said in a statement. Revenue increased 2 per cent to Rs 1,135 crore. The firm sold 8 per cent more gas at 198 million standard cubic meters in the quarter. Of this, CNG sales rose 18 per cent to 128 mmscm. It added 7 CNG stations to take the number to 467, and 23,928 users to take the total piped natural gas homes to 7.28 lakh.