Mumbai1 day ago
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Adani Group company Adani Total Gas has reported a consolidated net profit of Rs 172 crore in the first quarter (April-June) of the financial year 2024-25. It has increased by 15% on an annual basis. The company had a profit of Rs 150.22 crore in the same quarter a year ago.
Talking about the earnings (revenue), the total was Rs 1,239.06 crore in the April-June quarter. There has been an increase of 9.16% on an annual basis. In the first quarter of the financial year 2023-24, the company had earned Rs 1,135.35 crore.
Profit increased by 3% on quarterly basis
In the fourth quarter of the last financial year i.e. January-March, Adani Total Gas had recorded a profit of Rs 167.96 crore. There has been an increase of 3% on a quarterly basis. At the same time, the revenue has decreased by 1.51%. In January-March, the company had generated a revenue of Rs 1,258.37 crore.
The stock gave 34% return in 1 year
Adani Total Gas’s stock closed at Rs 891.90 on Monday with a gain of 0.39%. The company’s stock has fallen by 13.88% in the last 6 months. At the same time, it has risen by 34.38% in one year. The company’s stock has fallen by 10.89% this year i.e. from January 1, 2024 till now. The market-cap of the company is Rs 98.21 thousand crores.
Consolidated profit means the performance of the entire group
The results of companies come in two parts – standalone and consolidated. In standalone, the financial performance of only one unit is shown. Whereas, in consolidated or consolidated financial report, the report of the entire company is given.