Stockrabit · Analysts
Questions across 13 calls

Vikas Jain

CLSA

Mahanagar Gas Limited

Mahanagar Gas Limited CC-May26.pdf · 2026-05-08
I have a couple of them. Firstly, sir, if you could give the breakup of commercial and industrial volume for this particular quarter. So where did it stand in terms of this year?
Okay. And I just want to understand, see, till March, honestly, there wasn't really so much of impact that you would have faced because by the time the government put in those restrictions, it was more towards the latter part of March. And pricing increases for many contracts like New Well Gas only happened later, right? And at the same point of time, how does the -- after now that you're getting gas based on the allocations that everybody is at 80%, how does that work? I mean, are your old contracts still live, for example the earlier contracts you had from Henry Hub, are you still getting gas at the same price? Or there is a pool price at which you get the gas required?
Mahanagar Gas Limited CC-Feb26.pdf · 2026-02-09
I just wanted to know your guidance or how should we think about margins, say, for the upcoming quarter, where there will be some impact of that zone tariff change and some of those other things, and the recent change in Henry Hub price. And also your longer-term unit margin guidance, how should we think about that, please?
Just one more thing. Could you also provide the breakup of APM and new well gas? You said both together where APM share increased and new well decreased a little bit in that mix?
Mahanagar Gas Limited CC-Sep23.pdf · 2023-10-30
Firstly, thanks a lot. I think after our feedback last time you have given the million kg number in the footnote for 1Q and 2Q. Could you give me the comparable numbers for the quarter of 1Q FY23 and 2Q FY23 as well? That's the first one. And the second question is on a QOQ basis the decline that we see in gross margin, what could be the broad reason for that? Because the price cut that we are talking about is something that has happened only in October. So , from that perspective why do we see this decline? Any particular reason for that? So, those are my two questions.

Indraprastha Gas Limited

Indraprastha Gas Limited CC-Dec23.pdf · 2024-01-29
I just want to understand, you said that Delhi is about how much? 60 how much percent of this current volumes? The 3Q volume, how much is Delhi?
So, that's about 8.5 MMSCMD was the volume of that about 5.3 is what Delhi is. Now, from 8.5, you are talking of ending FY25, i.e., in 5 Quarters at about 10 MMSCMD. That's roughly about 18% increase. And this 5.3 with more DTC buses getting retired into EV, that you are saying currently is growing at 2% to 3%. That is unlikely to pick up, right? So, if you have an extra 1.5 to come from, we are basically banking on the other 3 MMSCMD or so adding to giving a 30% to 35% growth in the next 5 Quarters. Is that how we are thinking of things?
Indraprastha Gas Limited CC-Sep23.pdf · 2023-11-02
Hi, sir. Thanks for taking my question. I wanted to check on these numbers, the 3% number that you're getting. I'm just not able to tie that back because your growth this particular quarter is lower than 3% on an overall basis. So how did Delhi grow 3% and others grew even faster? Can we be a bit more specific about that number, number one? And secondly, so when you say 15%, so your estimate is about 0.9 MMS CMD. 15% of CNG volumes comes from cab aggregators, right? So that's 0.9 MMS CMD is your estimate, looking at this quarter's number of 6.25, right?
I’m saying, you said 15% of the CNG volumes comes from cab aggregator. Or did you mean 15% of the Delhi volume, which is 62%? So if it is 15% of CNG volume, CNG is 6.25%. 15% of that will be 0.9%?

GAIL (India) Limited

GAIL (India) Limited CC-Feb26.pdf · 2026-02-02
Hi, sir. Thanks for taking my question. I have two of them. Firstly, this staff cost, you said that there was some adjustment because you had made a higher provision earlier. So, going ahead, what would be the annual staff cost on quarterly run rate that one should look at say from FY27 or so?
Okay, understood. Rakesh ji, just one more thing. So, this revision of tariff that we have filed for, if it does not get a look through sometime in the next 12-months or so, then automatically PNGRB will be like anyways going to get it from April '28. Is that how we should look at it? I mean, how is the process? So, once you submit it, then do they have a timeline within which they need to respond?

Petronet LNG Limited

Petronet LNG Limited CC-Mar24.pdf · 2024-05-23
This is mainly linked to this provisioning that we are doing and for the benefit of all of us, if we can clarify how this is currently working. Firstly, if you can correct my numbers if I am wrong, there’s about Rs.379 crores of use or pay that you have booked in CY ‘21 about Rs. 844 crores in CY‘22 and about Rs. 610 crores in CY ‘23. Now, how exactly on a quarter -by-quarter basis would provisioning really work for this in terms of the provision that you are making?
Okay. And sir going ahead Mr. Mishraji if we look at it. So, first year is from my understanding first year is 20%, second year is 30% and last year is 50%. So, in that case for 2022 every quarter, we will be making now a provision of 12 .5%..sorry.., 2021 12.5% and 7.5% for 2022. For the next three quarters and in the fourth quarter there will be the 20% provision for 2023. Is that roughly how it will work?

Bharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited CC-Jun24.pdf · 2024-07-20
Just one question. Why are we adjusting the LPG under recovery because that is not anyways part of the income statement since we are using normalized margins to get to our reported profit, right? That's part of the buffer. So if anything, if we take the losses then, in fact, the reported and go to the old accounting where losses were part of the base income statement, then profits will be lower by that INR2,800 crores or whatever number, right?
Sir, sorry. What I'm not able to understand when you say you have created a buffer account. So has that loss become part of your marketing profits as you have reported? Or that is something which is created beyond -- it's not part of the income statement r ight now because your profits are being calculated at the normal level of LPG margins and that has been kept out of income statement as a receivable, which you will take, right?
Bharat Petroleum Corporation Limited CC-Sep24.pdf · 2024-07-20
Just one question. Why are we adjusting the LPG under recovery because that is not anyways part of the income statement since we are using normalized margins to get to our reported profit, right? That's part of the buffer. So if anything, if we take the losses then, in fact, the reported and go to the old accounting where losses were part of the base income statement, then profits will be lower by that INR2,800 crores or whatever number, right?
Sir, sorry. What I'm not able to understand when you say you have created a buffer account. So has that loss become part of your marketing profits as you have reported? Or that is something which is created beyond -- it's not part of the income statement r ight now because your profits are being calculated at the normal level of LPG margins and that has been kept out of income statement as a receivable, which you will take, right?
Bharat Petroleum Corporation Limited CC-Dec23.pdf · 2024-01-30
Thanks for taking my question . I had a question regarding staff expenses , so last couple of quarters it has been a bit higher, so what is the annual run rate that we are looking at on this, is there any one-off provision or something that is there or just want to understand like for example, nine month is tracking at almost 41% higher Y -o-Y and so this quarter is about 44% higher Y-o-Y, so where should we see th is settle on a normal basis for this year and next?
Okay and the other thing was on rights issue sir , so the rights issue that you said you are doing the work on preparing the documents for it . So is it something since the budget was for this fiscal and we are just like two months away for the fiscal ending . There is a good chance that it comes pretty much within this fiscal in terms of rights issue?

Oil India Limited