Adani Total Gas Q4 results: Net profit rises 71%, board recommends dividend

Adani Total Gas Q4 earnings: Net profit climbed to Rs 168 crore in Q4 against Rs 97.9 crore in the March 2023 quarter.

On Tuesday, Adani Total Gas revealed a 71.6% increase in Q4 net profit. In the fourth quarter of 2023, net profit increased to Rs 168 crore from Rs 97.9 crore in the previous quarter. Compared to the same quarter in the previous fiscal year, when revenue was Rs 1114.8 crore, it increased 4.7% to Rs 1167 crore in the most recent quarter. Adani Total Gas Q4 results.

For the financial year 2023-2024, the Board of Directors resolved to recommend, subject to the approval of the company’s shareholders, a dividend of Re. 0.25 (five rupees only) per equity share with a face value of Re.1/each fully paid-up. The date of record for assessing a member’s eligibility to receive dividends has been set by the corporation as Friday, June 14, 2024.

The company’s earnings per share increased from Rs 0.89 in Q4 of FY23 to Rs 1.53 in Q4 of FY24.

Compared to Rs 195.2 crore in Q4 of FY23, EBITDA increased by 47.6% to Rs 299.1 crore in Q4. In Q4, EBITDA as a proportion of net profit increased to 24.7% from 17.5% in Q4 of FY23.

The announcement of the earnings came after market hours. In contrast to the previous closing on the BSE of Rs 919.10, Adani Total Gas stock increased 1.07% to Rs 928.90. The company’s market value increased to Rs 1.02 lakh crore. A total of 1.44 lakh of the company’s shares were traded, generating a BSE turnover of Rs 13.45 crore.

Hi, My self Saurabh Singh

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