Adani Total Gas Ltd net profit rises to ₹173 crore on higher volumes

Adani Total Gas Ltd (ATGL), a joint venture between Adani Group and Total Energies, recorded a 7.5% increase in its net profit for the July-September quarter of fiscal year 2023, reaching ₹173 crore, up from ₹160 crore. However, the total income slightly decreased by nearly 1% year-on-year to ₹1,188 crore due to a reduction in gas costs following a government-approved pricing formula change in April 2023. Total expenses in the quarter were ₹964 crore, down from ₹1,013 crore in the previous year.

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