Stockrabit · Analysts
Questions across 16 calls

Nitin Tiwari

Phillip Capital

Mahanagar Gas Limited

Mahanagar Gas Limited CC-May26.pdf · 2026-05-08
Sir, my question first one is a clarificatory one. So, if you could, I mean, just for the sake of clarity, reiterate what was our gas supply breakdown for the fourth quarter and also for the month of March? I suppose you gave it out for the month of March. And then I mean, if we can put the contracted quantity in perspective as well. So that would be the first one.
No. If you can first, I mean, give out the contracted quantity that we have against that. How much did we get in the fourth quarter and in March? That's what I'm trying to understand.
Mahanagar Gas Limited CC-Mar25.pdf · 2025-07-23
Hi, sir, thanks for the opportunity. Just staying on the volume bit, so what is our current guidance for volume growth for FY'26 and '27 as a whole and also our guidance for margins? And I also wanted to understand the margin perspective from the recent tariff reforms that PNGRB has notified which perhaps would lead to like, I mean, the applicability of Zone 1 tariff for CNG. So , how do we see that impacting our margins if you can throw some light on that?
Got it, sir. And sir, second question is around our LNG business. And also like you had indicated in our last meeting that there are two large stations being planned on the Mumbai Port , I suppose. So, what is the status of those two stations?
Mahanagar Gas Limited CC-Sep24.pdf · 2024-10-25
Sir, my questions are partially answered, but just staying on that topic of deallocation of APM gas and how the strategy would evolve post that reallocation because as you also pointed out, this reallocation has just accelerated the change, which was alrea dy happening, right? So essentially, it all boils down to how we are going to price the products I mean CNG particularly in order to maintain our growth and margin. So again, I mean, like we want to question you on do we maintain our -- are we going to maintain our guidance of 5% to 6% growth that we were looking at earlier and along with a margin of INR10 to INR12 because I mean, the way we look at it given this reallocation, a broad sense is that INR5 to INR6 revision in CNG price might be required for you to maintain the margin. And when that happens, I mean, the gap certainly closes with a petrol price and a lot more with the diesel price. So would that not impact conversion of vehicles and growth of volumes? And I mean, this is certainly a near -term problem. A corollary to that is that essentially, this change was any which was happening. So what's your strategy like 4 to 5 years down the line when your APM allocation would be really low and you would largely be dependent on imported gas or expensive gas. So how do you see the scenario panning out then? If you could throw some light on that, sir.
Fair enough. That's very helpful what you pointed out. We were just looking at it from the perspective back like once the gap really closes with petrol, I mean when your breakeven time period basically increases substantially and starts like inching closer to maybe a productive life of the vehicle. So I mean, correct me if I'm wrong, a CNG vehicle is about INR1.25 lakh costlier than a petrol vehicle, right? And essentially, the breakeven right now would be at about 4 or 5 years roughly. So given the gap between CNG and petrol prices. I mean once this gap closes and your breakeven reaches 8, 9 years or more than that, then certainly, I mean, it doesn't make any sense to own a CNG vehicle. So like again, a second part to that question, would you also then start looking incrementally more at LNG as a sales product rather than focusing purely on CNG? And what is happening, sir, on the tax front? I mean we did hear some rumors or media bites during July about the price cut or possibly like inclusion of natural gas in GST. So any incremental development on that front, if you can throw some light on that aspect as well.

Castrol India Limited

Castrol India Limited CC-Mar24.pdf · 2024-05-02
Good day and thanks for taking my question. First q uestion is on the volume. So what was the volume that we sold in this quarter and what's the outlook for rest of the year as well? Second question is related to margins. So in this quarter, we saw margin compression on operating profit level. So what were the key reasons behind this com pression in margin that we've seen? And if you could highlight if there any price revisions th at you have taken during the quarter or in [inaudible 0 07:22]
Sorry, Deepesh, I lost you in between. So you said something about mix of volumes. So can you repeat that again, please?
Castrol India Limited CC-Dec23.pdf · 2024-02-02
My first question is a book keeping one. What was t he volume in this quarter? And if you can give us -- basically bifurcation between automotive and non-automotive.. That would be the first one. And second question is around your expenses. S o your operating expenses are higher for the quarter by about 13-odd percent year-on-year. So what was the reason behind that? And if you can, again, help us understand what was the advertising expense in this quarter as a percentage of revenues or in absolute terms, however you feel comfortable?
So Ad expense was in the range of 4% to 6%. So agai n, what led to a higher operating expense in this quarter because we are looking at a 13% increase on a Y-o-Y and 8% increase on a Q-o- Q basis. So the reason behind, please?

Petronet LNG Limited

Petronet LNG Limited CC-Mar25.pdf · 2025-05-20
So the numbers that you gave for the quarter, can you also help us for the same numbers for the financial year as well, the entire financial year? And secondly, how should we look at these numbers as far as Ind AS impact is concerned going ahead? Because if I remember right, I think there was a reversal expected post -FY '25 in terms of treatment of these figures. So if you can throw just some light on that? That would be my first question.
Sure, sir. Sorry, sir. I was saying that the Ind AS impact...
Petronet LNG Limited CC-Jun24.pdf · 2024-07-24
Sir, I had a basic gap in my understanding around use or pay, so please help me understand over there. So, first of all, the use or pay that we report that is in rupees crore terms. So, when the offtakers are setting off the use or pay, are they setting off in volume terms or are they setting off in revenue terms?
But shouldn’t it all be in terms of revenue, because you have lost revenue, right? No matter what volume is brought in, if your revenue is fulfilled that should be making it good, right?

Hindustan Petroleum Corporation Limited

Hindustan Petroleum Corporation Limited CC-Mar25.pdf · 2025-05-07
Sir, my first question would be on Barmer refinery. So as you mentioned that we are looking for a cutting crude in this year. What is the timeframe when we are looking to c ommission the refinery fully and if you can give us some incremental color about by when we can expect some stabilization and introduction of products from Barmer refinery in the market ? Also, if you can help us understand what kind of refinery margins or operating cash flow we are expecting from the refinery when the refinery stabilizes on an ongoing basis. So, that would be my first question.
So, what is the timeline for the Petchem unit?

Indian Oil Corporation Limited

Oil India Limited

Oil India Limited CC-Dec24.pdf · 2025-02-08
Sir, just to get clarity on the questions which were asked earlier as well. If you can just lay out the road map for reaching the 4 MMT and 5 BCM that you spoke about. So I'm lot very clear on your FY '26 production guidance. So one, if you can help with that first? And then what is the time line we are looking at for 4 MMT and 5 BCM? Secondly, what are the infrastructure requirements that are pending for ramping up of our gas production because there were a couple of pipelines mentioned when you gave out the details. So I'm not very clear on which pipelines are like under construction and which are pending authorization. You mentioned a PNGRB authorization pending for one pipeline. So if you can just make put the entire picture clearly in front of us, that would be very helpful. That would be my first question.
Sir, time line for 4 MMT? When are we going to see the 4 MMT production? '27?

Indraprastha Gas Limited

Indraprastha Gas Limited CC-Dec24.pdf · 2025-01-28
So sir, actually, you've touched on the gas sourcing in bits and pieces in your introductory remarks. But just to put things in perspective, can you help us in terms of like putting a like- for-like comparison between third quarter and now in terms of what are the sources of gas that we have and what we had in third quarter and the volume that we are getting from those sources? And also additionally, if you can give us a breakup of LNG contracts you have? Because I suppose you already had a couple of LNG contracts which were long term in nature in the third quarter as well. I mean, have you contracted anything on top of that? And like whether that's Henry or Brent linked? So just a couple of details on that. That would be my first question.
This is for the third quarter?

Bharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited CC-Dec24.pdf · 2025-01-23
My question is related to the Andhra refinery, if you can throw some more light in terms of what is the estimated size of this project and what is the tota l capex? And you mentioned something around INR6,000 crores that you've allocated, what is that for? And basically, what is the incremental capex and timeline we are looking at in this project? So that would be the first one.
Sure, sir. Sorry, I missed on the total investment number that you mentioned.

Adani Total Gas Limited

Adani Total Gas Limited CC-Sep23.pdf · 2023-10-31
Thank you for hosting this call after perhaps what has been and would have been a tiring day for you given that it was your earnings day as well . Sir, my questions are like, you know, on the bookkeeping side. So, just wanted to understand what your CAPEX has been for the first half of this financial year , and also if you can update us on your long -term CAPEX plan, which you have updated in the past as well that investment that you have planned for development of the 33 GAs that we have? That is one. And then, secondly, I wanted to understand how would you rate the Ahmedabad, Faridabad and Vadodara GAs? Can we consider them largely sort of saturated now or is there still more demand potential? So, how do you see these GAs panning out in terms of demand? And also, if you can give us some sense, and this is more pertinent especially in the backdrop of electrification that we hear about more often and which you have also like , you know, tried to answer to some extent in the initial questions. So, how do you see like, you know, demand developing in these other geographical areas, the 33 areas that we are holding? So, if we take suppose a 5 year or a 10-year view, so where do you see demand from these areas in your assessment in that timeframe?