Stockrabit · Analysts
Questions across 41 calls

Probal Sen

ICICI Securities

Sumitomo Chemical India Limited

Sumitomo Chemical India Limited CC-Jun26.pdf · 2026-05-28
Sir, a couple of questions. Firstly, the commentary obviously did talk about the kind of monitorables and constraints that may be there in FY '27 despite demand being resilient, the kind of monsoon uncertainty as well as the Gulf pricing -- the Gulf confli ct and all. Is it fair to therefore look at margins a bit more cautiously for this year? I understand that you did mention that cost increases are being passed on. But with the kind of momentum one sort of sees in margins being probably constrained by these situations, how should we actually look at the margin trend? Flattish versus this year or even a possibility of some decline that can be there? Just your thoughts on that. That was my first question?
My second question was with respect to inventory levels and working capital. Again, coming back to the uncertainties with respect to the supply chains of raw materials and imports. Has there been any change in the kind of days of inventory that we are holding as of now, particularly for the first quarter?

Mahanagar Gas Limited

Mahanagar Gas Limited CC-May26.pdf · 2026-05-08
Sir, a few questions. Firstly, with respect to the supply disruptions, we understand from Petronet LNG also that Dahej utilization slipped to about 53% in March versus about 108% average in Jan-Feb. So, in terms of our business, sir, did we also see this much of volatility in terms of our gas sale, especially in March? Can we just get a sense of how the business was in March?
Got it. So, sir, is it fair to assume that April, May has seen similar kind of volume and supply levels that we are seeing now? Or has there been any change in the environment?
Mahanagar Gas Limited CC-Nov25.pdf · 2025-10-30
Sir, just a couple of questions. First was, I just wanted to understand the reasons for the cost increase that we have seen, seems to be quite steep compared to last quarter. So, in that sense, the margins have taken a little bit of hit. Just wanted to understand any particular source which sort of increase in cost? Was it APM allocation that decreased? Or is there any other onetime factors that we should look at as a result of reflection of UEPL's numbers? If you can just expand on this a little bit to help us understand what has happened to margins this quarter?
Sir, how much is the percentage? If I can get a number in terms of Q1 versus Q2, APM plus NWG of the priority allocation?
Mahanagar Gas Limited CC-Mar25.pdf · 2025-07-23
Thank you for the opportunity, sir. Congrats on a strong set of numbers. Two questions . One was that in this quarter, what was the sort of APM net allocation that we saw excluding new well gas , what is the exact percentage that we got for our priority segments ? Number one. Second question was this amalgamation scheme, now that it has been approved, when can we sort of tentatively expect the full consolidated numbers to be available or rather be reported by MGL? And third, if you can give us some color on the CAPEX for the next couple of years, including on the CBG as well as on the battery venture and on our core business? Those are my three questions, sir.
Yes. Sir, just if I can have a small follow-up, how much was then the new well gas that we got in this quarter for CNG?
Mahanagar Gas Limited CC-Dec24.pdf · 2025-01-29
Sir, just wanted to get a little bit of sense of what are the capex plans, if you can break it down between the different GAs including for Unison? And also if you can get a sense -- give us a sense of how much to be spent on CNG, how much on network and so on. That was my first question?
Okay. Sir, in terms you mentioned about the EV initiatives that are being taken. Any sense you can give us of when these actually start contributing to revenue in a meaningful way? And what kind of potential do you actually see based on the investments that have been made as of now?

Indraprastha Gas Limited

Indraprastha Gas Limited CC-Feb26.pdf · 2026-02-13
Yes. Sir, just with respect to the guidance that you just mentioned in terms of volumes, where the target is to essentially add about 1 million sums per day every year, just wanted to understand what will be the sourcing strategy? What kind of contracts are we sort of in the market for -- whether are we looking at only Brent- link in the view of recent Henry Hub strength? Or are we still looking at a diversified kind of a sourcing space? Just understand -- trying to understand the readiness to meet this kind of higher volume target from a sourcing perspective.
Got it, sir. And sir, I'm sorry if you have answered this earlier, I joined a bit late. But can you refresh your guidance for capex for '27 and '28, if you can break it down in terms of NCR and outside NCR as well?
Indraprastha Gas Limited CC-Mar25.pdf · 2025-04-28
Thank you for the opportunity, sir. Just a couple o f questions. Just a couple of clarifications rather. If we can, you spoke about the additional term gas arrangements to the extent of 1.65 MMSCMD. Can we just get a breakup today of 8.99 MMSCMD that we did in Q4? Can we just break it down into how much exactly was APM, how much was new well pricing gas, how much is long term LNG, and how much are other sources? I mean, if we can just break down source- wise, it will be really helpful, sir. That was my first question.
And just to clarify, as you mentioned, almost the entirety of RLNG is through term contracts. There is no spot LNG in this basket, is it?
Indraprastha Gas Limited CC-Jun25.pdf · 2025-04-28
Thank you for the opportunity, sir. Just a couple o f questions. Just a couple of clarifications rather. If we can, you spoke about the additional term gas arrangements to the extent of 1.65 MMSCMD. Can we just get a breakup today of 8.99 MMSCMD that we did in Q4? Can we just break it down into how much exactly was APM, how much was new well pricing gas, how much is long term LNG, and how much are other sources? I mean, if we can just break down source- wise, it will be really helpful, sir. That was my first question.
And just to clarify, as you mentioned, almost the entirety of RLNG is through term contracts. There is no spot LNG in this basket, is it?
Indraprastha Gas Limited CC-Dec24.pdf · 2025-01-28
Just on the last bit, in fact, what Commercial Head sir said about the EBITDA guidance of INR7 to INR8. If I look at the cost of the new gas sources that was mentioned, just wanted your sense of how much of price increase will be re quired at this point of time to go from this INR4.3 to, let's say, INR7 of EBITDA? And what kind of timeline are we looking at to sort of gradually restore margins to these levels?
Right. Sir, forgive me, but that would be probably for this year. The way that gas output is going, do we actually believe that the gas allocation would now remain on this absolute figure? So therefore, whatever volume increases that we see will have to be met through alternate sources. And therefore, the cost of gas on a blended basis will keep on increasing as we go along?

Hindustan Petroleum Corporation Limited

Oil India Limited

Oil India Limited CC-Nov25.pdf · 2025-11-17
Thank you for the opportunity. Very good morning. Firstly, on the Andaman write-offs, just wanted to understand what were the results of the drilling campaign so far and what has led to the write-off of the wells plus how many more wells are we planning at this point of time in terms of our drilling campaign in the region?
Just to understand, sir, thank you for the detailed answer. The write-off basically happens anyways as a matter of course, even if there is a reasonable -- even if there has been a successful discovery of hydrocarbons. Is my understanding correct?
Oil India Limited CC-Jun25.pdf · 2025-08-13
Yes. Sir, just about this Russian investment that was mentioned that it has actually contributed to the console numbers. Just wanted to understand where does the -- I mean, how is the payment mechanism actually working at this point of time? And what sort of dividend can we actually expect for the rest of the year? Are there any issues with respect to sanctions or anything else with respect to repatriating our share of dividend from Russia at this point of time?
The second question, sir, was with respect to capex. I did not get the audio completely. I just wanted to clarify that the FY '26 guidance mentioned was INR6,995 crores. Just wanted a clarity on that. Is that the correct number?
Oil India Limited CC-Dec24.pdf · 2025-02-08
The first question was actually on NRL. We have seen in other performance over the last couple of quarters actually being a little bit more subdued than what we used to. How much of this can be attributed to the ongoing expansion of capacity activities or stabilization related to that? Or would you say that it's your operational issues or the fact that Singapore margins have fallen in Asia, that is to account for this sharp fall in GRM? How should we look at it? And how should we look at it going forward, sir? That was my first question.
How much percent, sir, sorry?

Indian Oil Corporation Limited

Indian Oil Corporation Limited CC-Mar25.pdf · 2025-05-02
Thank you for the opportunity and thank you for hosting this call, sir. Just a couple of questions. Firstly, on the refining business. It's very clear that if you normalize it for inventory, the GRMs actually declined a bit but just wanted to understand what was the contribution of Russian crude in overall sourcing in this quarter? And what is it so far in the first quarter of FY '26?
And have we seen an improvement in these numbers in this first quarter, sir, with the prices going down?

Bharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited CC-Mar25.pdf · 2025-05-02
Firstly, on the refining performance. I just wanted to understand the components of this $3 plus premium that we have done. Is it fair to assume that there is some inventory gain that was there in the quarter? And the second part of this question is, did we have -- if we can just tell us what kind of Russian crude percentage was there even in fourth quarter in terms of overall crude sourcing? That was my first question.
So that number has basically gone up in Q1? Right?

Petronet LNG Limited

Petronet LNG Limited CC-Mar25.pdf · 2025-05-20
Sir, a couple of questions. First is, with respect to the capacity expansions that we have already completed, plus whatever is in prospect, any color you can throw on the status of additional contracts in terms of offtake contracts that we have signed or in the process of signing to secure these long-term supplies being placed in the market? That was my first question.
Just a follow-up on that, sir, with respect to the renewal of the existing long-term contracts with Qatar, where are we with that exactly? And forgive me if you've already updated on this earlier. But where exactly are we in terms of these things?

GAIL (India) Limited

GAIL (India) Limited CC-Dec24.pdf · 2025-01-30
Thank you for the opportunity , sir. Good evening. First was on the trading business, sir . This quarter, in terms of volumes, it seems the relative correlation between trading and transmission is a bit different where transmission has reduced but trading volumes have actually increased quite sharply. So, how should we actually look at this correlation going forward, you know, for, let's say, the year next year ? You know, if we look at , let's say, 140 odd MMSCMD around average for FY '26 for transmission , what would you build in for trading ? Just wanted to get your sense of that.
Got it. Okay. So, then the second question was , if we take out the one -time income of the settlement, which I presume is sitting obviously as you mentioned in the trading EBIT, then the trading EBIT for this quarter seems to have dropped very sharply on a Q-o-Q level or on a Y-o- Y level. Can you just take us through what has happened in terms of margins in this quarter?