Mumbai12 minutes ago
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Adani Total Gas, an Adani Group company, has made a profit (standalone net profit) of Rs 178.11 crore in the second quarter of the financial year 2024-25. There has been an increase of 6% on annual basis. The company had made a profit of Rs 167.79 crore in the same quarter a year ago.
The company's operational revenue in the July-September quarter stood at Rs 1315.49 crore. There has been an increase of 11.66% on annual basis. In the second quarter of the financial year 2023-24, the company had earned Rs 1178.08 crore.
Profit increased by 3% on quarterly basis
In the first quarter (April-June) of the current financial year, the company had made a profit of Rs 177.09 crore. There has been a slight increase on a quarterly basis. During this period, Total Gas has generated revenue of Rs 1,315 crore from operations. There has been an increase of 6.34% on quarterly basis.
Adani Total Gas shares have risen 37% in one year
After the quarterly results, Adani Total Gas shares closed at Rs 755.30 with a gain of 7.83% on Thursday (October 24). The company's shares have fallen 7.09% in the last one month, 17.86% in six months and 24.54% since January 1 this year. At the same time, the company's shares have given a return of 37.22% in one year. The market cap of the company is Rs 83 thousand crores.
Standalone means result of one unit
The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, in the consolidated financial report, the entire company is reported.
