Adani Total Gas Limited (ATGL) Q4 24/25 earnings summary

Executive summary

• Achieved double-digit volume growth for FY2024-25, with CNG volume up 19% and PNG volume up 7% year-over-year, and significant expansion in CNG and PNG networks.

• E-mobility subsidiary installed 3,401 EV charge points, with 2,338 operational across 26 states and 21 airports, and became No.1 airport CPO in India.

• Biomass subsidiary’s Bharsana plant stabilized, producing 7 tons/day of CBG and launched branded organic manure.

• Maintained robust balance sheet, secured $375 million global financing, and received ICRA credit rating upgrade to AA with stable outlook.

• Audited standalone and consolidated financial results for FY2024-25 were approved, with auditors issuing unmodified opinions.

Financial highlights

• Revenue from operations rose 12% year-over-year to INR 5,398 crore (standalone) and INR 5,411.68 crore (consolidated) for FY2024-25.

• EBITDA for the year was INR 1,167 crore, up 1% year-over-year; consolidated net profit was INR 654.41 crore.

• Q4FY25 revenue up 15% year-over-year to INR 1,448 crore; Q4 EBITDA ranged from INR 274 crore to INR 305 crore.

• Cash profit grew 4% year-over-year to INR 896 crore.

• Dividend of ₹0.25 per equity share recommended for FY2024-25, subject to shareholder approval.

Outlook and guidance

• Expects to maintain double-digit volume growth, supported by new geographical areas and infrastructure expansion.

• Plans to invest INR 70-80 crore in e-mobility business in the coming year, targeting 1,500-2,000 new charge points.

• CapEx for FY2026 expected to be similar to FY2025, around INR 900 crore, with funding secured from $375 million global financing.

• Focus on expanding CNG, PNG, and sustainable businesses, including e-mobility and biogas.

• Ongoing regulatory and legal matters are not expected to have a material impact on financial results.