Adani Total Gas Q2 Revenue Rises 34% as Gas Costs Temper Profit Growth
Adani Total Gas reported a 34% year-on-year increase in revenue from operations to Rs 2,102 crore in its second quarter. Higher gas procurement costs, reduced domestic gas allocation and elevated Brent-linked prices weighed on earnings despite stronger CNG and PNG demand.
Higher gas procurement costs, reduced domestic gas allocation and elevated Brent-linked prices weighed on earnings despite stronger demand for CNG and PNGAdani Total Gas (ATGL) reported a 34 per cent year-on-year rise in revenue from operations to Rs 2,102 crore in the second quarter of financial y…