Adani Total Gas Q2 Results Live : Adani Total Gas declared its Q2 results on 24 October 2024, showcasing a robust performance with a topline increase of 11.84% year-on-year (YoY) and a profit rise of 7.48% YoY. The company reported a revenue growth of 6.4% quarter-on-quarter (QoQ) and an 8.01% increase in profit compared to the previous quarter.
In a positive sign for operational efficiency, the Selling, General & Administrative expenses saw a notable decline of 5.16% QoQ and a significant decrease of 15.88% YoY. This reduction in expenses bodes well for the company’s margins moving forward.
The operating income for the quarter experienced an uptick of 1.45% QoQ and a 4.99% increase YoY, reflecting the company’s ability to manage costs and improve profitability despite market challenges.
Earnings per share (EPS) for Q2 stood at ₹1.69, marking a 7.64% increase YoY. This growth in EPS highlights the company’s commitment to enhancing shareholder value amidst fluctuating market conditions.
In terms of stock performance, Adani Total Gas has delivered a 2.7% return in the last week, although it has faced challenges with a -17.77% return over the past six months and a -23.58% year-to-date return.
Currently, Adani Total Gas boasts a market capitalization of ₹83,030.16 crore, with its stock trading within a 52-week range of ₹1,259.4 at its peak and ₹522 at its lowest, indicating significant volatility in the market.
Adani Total Gas Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1318.37 | 1239.06 | +6.4% | 1178.77 | +11.84% |
| Selling/ General/ Admin Expenses Total | 13.98 | 14.74 | -5.16% | 16.62 | -15.88% |
| Depreciation/ Amortization | 51.38 | 45.72 | +12.38% | 37.62 | +36.58% |
| Total Operating Expense | 1063.98 | 988.31 | +7.66% | 936.46 | +13.62% |
| Operating Income | 254.39 | 250.75 | +1.45% | 242.31 | +4.99% |
| Net Income Before Taxes | 238.01 | 233.32 | +2.01% | 224.24 | +6.14% |
| Net Income | 185.6 | 171.84 | +8.01% | 172.68 | +7.48% |
| Diluted Normalized EPS | 1.69 | 1.56 | +8.33% | 1.57 | +7.64% |
