ATGL / Q1-FY27 / claim-ledger

Audit the questions that mattered.

Adani Total Gas · Analyst questions, management answers, and the quality of the response where the ledger is available.

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WatchQ1-FY27 · 2026-07-14Back to quarter ↗

Questions audited

Answered directly

70%

Numeric claims

Consistency

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Question ledger

What was answered, and how?

Shria · Prasid Capitals

partial

Margin compression from 25% to 15% despite double-digit revenue growth; when will margins recover?

primarily one of the major reasons in terms of these compressed margins is on the gas availability on a market driven prices and second is APM allocation yes it's going slowly down. And in terms of future perspective while we have line of contracts coming up for the renewal and we are working on bringing back the margins as well as while focusing and maintaining our growth in terms of the volume part of it.

Arya Patel · MK Global

direct

Gas sourcing mix breakdown for current quarter and impact of pooled gas mechanism removal.

if you look at the government APM and NWG allocation that is around 40%. And then on the longer term contracts we have 48%.

Nirmal Gole · Aditya Birla PMS

direct

What percentage of current volumes are from spot purchases?

What volumes are around 15% of the total consumption after the curtailment?

Kan Mata · Bara PNB Pariba

partial

Break up of long-term contracts by linkage and average cost per bucket in Q1.

if you look at the break up uh nearly domestic volumes are around 62% of our and the imported RLNG would be around 38%. However, not only the imported RLNG costs have gone up, but in addition to that, since the Brent moved up during the Middle East crisis to around more than $107 per barrel, the NWG prices also went up, which has impacted overall the gas cost.

Kan Mata · Bara PNB Pariba

partial

CNG realization increase and impact on future demand; early signs of demand impact.

if you see the arbitrage between petrol and CNG there is a room but at the same time we have to be conscious of fact of bringing more customers on board so that people so we will keep on evaluating that from time to time and as and when we see that and it will vary from state to state.

Kan Mata · Bara PNB Pariba

direct

Demand from light commercial vehicles where gas substitutes diesel.

Yes, it is picking up. If you see entire CNG segment whether it is light commercial vehicles or passenger vehicles or taxi aggregators growth is in double digits. In terms of vehicle manufacturers the OEMs like Maruti Honda Tata also the Ashok Leyland they're equally growing at a very high percent so close to around CNG which is growing at around 30%.

Nirmal Gole · Aditya Birla PMS

direct

Technical personnel shortage impacting PNG connection scale-up?

not an impact per se. What is happening is in terms of onboarding them. There are multiple limited CGDs with limited resources but the way we are coming up as an industry is we started training more and more people onboarded from the different fields and we are giving them dedicated trainings to build on. Initially we have those hiccups but probably as an industry we're coming up those challenges.

Nirmal Gole · Aditya Birla PMS

direct

Deemed approval mechanism for PNG layout - ground execution status.

That has helped us a lot in terms of seeking the permissions wherever it was feasible. Majority of 90-99% of our states or district authorities are supporting and cooperating us to lay the lines.

Kiran Mata · Boda PNB Pariba

partial

Industry representation for pool gas mechanism restart; government timeline.

Yes, representation at the industry level has been going on for after the withdrawal and probably there is some development also probably government is looking at bringing it back again because it definitely has an impact on the CGD industry as a whole. So we see that probably some positive news should come shortly on that part.

Shria · Prasid Capitals

evasive

Revenue guidance for coming quarters.

if you see our volume growth that will continue to grow in the similar manner and right now the challenge is only to bridge the gap about the spot volumes. That is where we are working towards ensuring that we continually maintain the momentum. So we don't see any major issue as far as volume growth is concerned.