Adani Group's gas company Adani Total Gas has released its December quarter results. Immediately after the results, the stock witnessed a sharp decline and was trading with a weakness of about 3 percent. Intraday, the stock slipped to a price of ₹ 611.70 per share. The 52-week high of this stock is ₹ 1,190 per share. From this level, the stock has slipped by about 48% so far.

Talking about the results of Adani Total Gas, the consolidated profit and operating profit of the company has decreased. However, there is an increase of about 12% in the income. But, there is also pressure on the margin.

Adani Total Gas Q3 PAT:  In the December quarter, the consolidated profit of Adani Total Gas has come down to ₹ 142 crores. In the same quarter of the previous financial year, it was ₹ 177 crores. On a year-on-year basis, it has seen a decline of 19%. Adani Total Gas Q3 Revenue:  However, there is an increase of 12% in the income of the company on an annual basis. In the same period of the previous financial year, the company's income was ₹ 1,244 crores. But, this time in the December quarter, the company's income has reached ₹ 1401 crores. Adani Total Gas Q3 EBITDA:  Talking about consolidated EBITDA i.e. operating profit, it saw an increase of 8.3% on an annual basis. In the same quarter of the previous financial year, it was ₹ 288 crores. But, in the December quarter of the current financial year, it has come down to ₹ 264 crores. Adani Total Gas Q3 Margin:  Talking about consolidated EBITDA margin, it has also come down from 23.1% to 18.8%. Impact on profit due to reduction in gas allocation Due to reduction in APM gas allocation for natural gas, the company's profit has been affected. Gas allocation was reduced not only for one company, but for the entire city gas distribution sector. APM gas allocation for Adani Total Gas was reduced from 63% to 51% on 16 October. After this, on 16 November, it was reduced from 51% to 37%. From 16 January 2025, once again the gas allocation has been increased from 37% to 51%. How much has the company's reach grown? Along with the results, the company said that 28 new gas stations have been opened on a standalone basis. With this, the number of all the stations has now increased to 605. PNG home connection has reached 28,677 new homes, after which the company's reach has now reached 9.22 lakh. 167 new customers have also been added in industrial and commercial connections.