Adani Total Gas posted its earnings for the quarter ended March after market close on Tuesday.
What Happened: The Adani Group company reported a net profit of ₹167.96 crore, up around 71% from the ₹98 crore posted in the same quarter last year. Revenue from operations during the quarter jumped 5% to ₹1,258.37 crore from the ₹1,197 crore posted in the same period last year.
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The company also announced a ₹0.25/share dividend for the year ending March 2024. Earnings per share for the quarter was at ₹1.53. The company announced that its board is scheduled to hold the annual general meeting on June 25.
Several Adani Group companies including Adani Enterprises, Adani Power, Adani Ports and Adani Wilmar are scheduled to report earnings later this week. Adani Energy Solutions is scheduled to report earnings later today.
Price Action: On Tuesday, shares of Adani Total Gas were up 1.09% to close at ₹929.10. Shares of the company had extended gains for the third straight session ahead of the earnings.
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