APM gas allocation cut
A 16% reduction in APM gas allocation from October 16 could increase gas costs and pressure margins.
high · management_commentary
Adani Total Gas Limited — Q2 FY25
Adani Total Gas reported Q2 FY25 revenue of ₹1,315 crore, EBITDA of ₹313 crore, and PAT of ₹178 crore.
neutral
medium
✓ Verified against BSE filing
Risk Intelligence
Material risks this quarter
Concise cards keep the risk register scannable while preserving evidence-level context in the underlying quarter data.
Risks
Margin compression from higher gas costs
If CNG prices are not raised sufficiently, EBITDA margins may decline; management has not yet passed on costs.
medium · analyst_questionVolume growth slowdown from price hikes
Raising CNG prices to offset higher costs could dampen demand and slow volume growth.
medium · management_commentaryDependence on new well intervention gas
The replacement gas is priced at a premium (12% over basket price) and allocation is only until March 2025, creating uncertainty.
medium · analyst_question