Adani Total Gas Reports Increase In Q1 Profit Amid High CNG Demand

The Adani group company's consolidated profit rose 15% to 1.72 billion rupees (around $21 million) in the three months ended June 30, marking its sixth straight rise in quarterly profit.

Adani Total Gas reported a jump in first-quarter profit on Monday, helped by strong demand for the cleaner-burning compressed natural gas (CNG), sending its shares 2% higher.

The Adani group company's consolidated profit rose 15% to 1.72 billion rupees (around $21 million) in the three months ended June 30, marking its sixth straight rise in quarterly profit.

The gas distributor's CNG sales volumes, which account for over half of its total sales, jumped 20% during the quarter with the addition of 24 new stations across the country.