Adani Total Gas shares jumped 4% to Rs 969 on BSE driven by a 71% YoY growth in net profit to Rs 168 crore. Revenue also rose 5% YoY to Rs 1,258 crore, with a dividend recommended for FY 2023-24.
Adani Total Gas shares advanced 0.85 per cent to hit a high of Rs 926.95 on BSE. This Adani group firm was commanding a market capitalisation (m-cap) of Rs 1,01,594.96 crore.
Adani Total Gas reported a 71.6% rise in Q4 net profit on Tuesday. Net profit climbed to Rs 168 crore in Q4 against Rs 97.9 crore in the March 2023 quarter. Revenue rose 4.7% to Rs 1167 crore in the last quarter against Rs 1114.8 crore in the corresponding quarter of the previous fiscal.