Adani Gas LimitedQ1 FY21 Results

August 7, 2020

903

Adani Gas Limited

Revenue from Operations at INR 207 Cr

EBITDA at INR86 Cr

Operational Highlights Q1 FY21 (Standalone):

Ø Uninterrupted gas supply (24X7) maintained even during complete lockdown for 2/3^rd of the quarter period and partial resumption during the balance period of the quarterwith adoption to the rapidly changing environment

Ø Adani Gas continued its “Safety First” approach and implemented highest safety standards to ensure the safety of our employees,consumers, vendorsand our business partners

Ø Despite continued COVID-19 impact, combined volume of CNG and PNG achieved @ 64 MMSCM vs 137 MMCM in Q1 FY20

Ø Volume in June’20 was at 0.71 MMSCMDcompared to volume in April’20 at 0.35 MMSCMD showingsignificant volume recovery trend

Ø PNG Home Connection increased to 4.38 Lacs (979 New Connections in Q1 FY21)

Ø Commercial & Industrial connectionnow increased to 4,448

Financial Highlights Q1 FY21 (Standalone):

Ø Revenue from Operations stood at INR 207 Cr vs. Q1 FY20 INR 479 Cr

Ø EBITDA stood at INR86 Cr vs. Q1 FY20EBITDA of INR146 Cr

Ø PBT for Q1 FY21 was at INR 63 Cr vs. Q1 FY20PBT of INR 123 Cr

Ø PAT for Q1 FY21 was atINR 46 Cr vs. Q1 FY20PAT of INR 79 Cr

Ahmedabad, August5, 2020: Adani Gas Ltd. [“AGL”] today announced the financial results for the first quarter ended 30^thJune 2020.

Standalone Financial Highlights:

Particulars	UoM	Q1 FY21	Q1 FY20	% Change YoY
Operational Performance
Sales Volume	MMSCM	64	137	-53%
CNG Sales	MMSCM	24	71	-66%
PNG Sales	MMSCM	40	67	-40%
Financial Performance
Revenue from Operations	INR Cr	207	479	-57%
EBITDA	INR Cr	86	146	-41%
Profit before Tax	INR Cr	63	123	-49%
Profit After Tax	INR Cr	46	79	-42%

COVID-19 update on Business:

With continued lockdown of 69 days in Q1 FY21the Company witnessed volume impact of 53 % as compared to Q1 FY20. There was a progressive rebound in volumes as compared to pre-covid situation and exit volume as on 30^th June 2020had already reached at 1.25mmscmd as compared to 1.60 mmscmdfor the month of Mar’20.The operational performance of the business continues to be recovering in phased manner towards Pre COVID level.

During the period of lockdown, the Company hadmaintained un-interrupted supply of Natural Gas – 24X7 for PNG and CNG consumers.

**Online Internship with Certification**

Important Announcement – EasyShiksha has now started Online Internship Program “Ab India Sikhega Ghar Se”

**How EasyShiksha Internship/Training Program Works**

Important Announcement – EasyShiksha has now started Online Internship Program “Ab India Sikhega Ghar Se” during this lockdown.

Critical operations like Area Emergency Offices & Master Control Rooms, Remote functioning of Customer Care Services have remained operational adhering to complete safety and social distancing guidelines during the period ensuring safe and satisfactory support to the consumers.

The Company’s operational efficiency, enhanced focus on supply chain management, contract negotiations, third party spend, and fuel efficiencies have helped in partially addressing the impact of lower volumes and improvingEBITDA margin in Q1 FY20.

Online Certification

Online Test Series

Career Helper

EasyShiksha TV

Top Courses in Computer Science Engineering

Top Courses in Software Engineering

More Courses With Certification

Commenting on the quarter result of the Company, Mr. Gautam Adani, Chairman, Adani Group said, “Adani Gas Limited has delivered a good performance even amidstthe global pandemic.Commitment to sustainability is the cornerstone of the growth which AGL is set to chart.Our strategy is designed to deliver growth with goodness while contributing to the larger objective of nation building. In line with the Government’s policy we are committed to contribute to the nation’s vision of providing a safer, cleaner and greener energy. As India’s economy slowly revitalizes, Adani Gas will put its best to overcome challenges posed by the global pandemic as a nation”

Mr. Suresh Manglani, CEO of Adani Gassaid, “We are watchful of the ongoing pandemic situation for Covid-19. As a responsible natural gas service provider, Adani Gas Limited has ensured continuous supply of CNG and PNG, uninterrupted and prompt customer care service during these tough times. Adani Gas Limited has delivered a sustainable performance in Q1 FY21 despite the impact on PNG Industrial& Commercial and CNG segments. The company is continuously and closely monitoring the developments and is actively working to moderate the impact of this unprecedented situation. We have resumed project and operational activities in phased manner which were ceased in March’20 on account of lockdown, to meet our commitments towards development of city gas distribution in the new geographical areas (GAs) and contribute towards the nation building & providing clean energy for all.

About Adani Gas

Adani Gas Limited is one of India’s leading private players in developing City Gas Distribution (CGD) Networks to supply Piped Natural Gas (PNG) to Industrial, Commercial, Domestic (residential) customers and Compressed Natural Gas (CNG) to the transport sector. Natural Gas is a convenient, reliable and environment friendly fuel that allows consumers to enjoy a high level of safety, convenience and economic efficiency. The Company has commenced CGD operations in the Authorized GAs of the State of Gujarat, Rajasthan, Haryana and Utter Pradesh, aiming to grow sustainable business in the years to come.

Empower your team. Lead the industry

Get a subscription to a library of online courses and digital learning tools for your organization with EasyShiksha

Request Now

Frequently Asked Questions

Q.Are EasyShiksha's internships truly free?

Yes, all internships offered by EasyShiksha are completely free of charge.

Q.How can I apply for an internship with EasyShiksha?

You can apply for an internship with EasyShiksha by visiting our website and browsing through the available internship opportunities. Once you find a suitable internship, simply follow the application instructions provided.

Q.What types of internships are available through EasyShiksha?

EasyShiksha offers a wide range of internships across various industries and disciplines, including but not limited to technology, business, marketing, healthcare, and more. We continuously update our internship offerings to provide diverse opportunities for our users.

Q.Will I receive a certificate upon completing an internship?

Yes, upon successful completion of an internship with EasyShiksha, you will receive a certificate recognizing your participation and achievements during the internship period.

Q.Are EasyShiksha's internship certificates recognized by universities and employers?

Yes, EasyShiksha's internship certificates are recognized and valued by universities, colleges, and employers worldwide. They serve as a testament to your skills, knowledge, and experience gained through our internship programs.

Q.Is the download of certificates free or paid?

While access to internships and all courses on EasyShiksha is free for users lifetime, there is a nominal operational cost associated with downloading certificates. This fee covers the administrative expenses involved in processing and issuing the certificates.

Q.When can I start the course?

Anyone can choose a preferred course and start immediately without any delay.

Q.What are the course and session timings?

As this is a purely online course program, you can choose to learn at any time of the day and for as much time as you want. Though we follow a well-established structure and schedule, we recommend a routine for you as well. But it finally depends on you, as you have to learn.

Q.What will happen when my course is over?

If you have completed the course, you would be able to have lifetime access to it for future reference too.

Q.Can I download the notes and study material?

Yes, you can access and download the content of the course for the duration. And even have lifetime access to it for any further reference.

Q. What software/tools would be needed for the course and how can I get them?

All the software/tools that you need for the course would be shared with you during the training as and when you need them.

I’m unable to make a payment. What to do now?

You can try to make the payment through a different card or account (maybe a friend or family). If the problem persists, email us at info@easyshiksha.com

Q. Do I get the certificate in a hard copy?

No, only a soft copy of the certificate will be awarded, which can be downloaded and printed, if required.

Q. The payment got deducted, but the updated transaction status is showing “failed”. What to do now?

Due to some technical faults, this can happen. In such a case the amount deducted will be transferred to the bank account in the next 7-10 working days. Normally the bank takes this much time to credit the amount back into your account.

Q. The payment was successful but it still shows ‘Buy Now’ or not showing any videos on my dashboard? What should I do?

At times, there may be a slight delay in your payment reflecting on your EasyShiksha dashboard. However, if the problem is taking longer than 30 minutes, please let us know by writing to us at info@easyshiksha.com from your registered email id, and attach the screenshot of the payment receipt or transaction history. Soon after verification from the backend, we will update the payment status.

Q. What is the refund policy?

If you have enrolled, and are facing any technical problem then you can request a refund. But once the certificate has been generated, we shall not refund that..

Q.Can I just enrol in a single course?

Yes! You surely can. To begin this, just click the course of your interest and fill in the details to enrol. You are ready to learn, once the payment is made. For the same, you earn a certificate too.

My questions are not listed above. I need further help.

Please contact us at: info@easyshiksha.com

Adani Gas Limited has a spread of 19 geographical areas (4 existing and 15 new geographical areas). Adani Gas limited with a short span of time as has started commercial operations in 9 new geographical areas.

Adani Gas limited has an extended arm – Indian Oil-Adani Gas Private Limited (IOAGPL)– a 50:50 joint venture between Adani Gas Limited and Indian Oil Corporation Limited was entered in 2013-14 to capitalize on growing opportunities in natural gas demand, leveraging each other’s infrastructure and domain expertise. Indian Oil Corporation Limited’s operational track record, existing infrastructure terminal for LNG imports and expansive retail outlets is complimented by CGD experience of Adani Gas Limited. IOAGPL also has a spread of 19 geographical areas.

For more information related to technology, visit HawksCode and EasyShiksha

ALSO READ: tekmonks-launches-globally-successful-work-home-digital

Get Course: accelerate-your-corporate-career