APM gas allocation cut
A 16% reduction in APM gas allocation from October 16 could increase gas costs and pressure margins.
ATGL / Q2-FY25 / risks
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Adani Total Gas · Material risks, their source context, and severity in the latest available quarter.
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Material risks this quarter
high
Margin compression from higher gas costs
If CNG prices are not raised sufficiently, EBITDA margins may decline; management has not yet passed on costs.
Volume growth slowdown from price hikes
Raising CNG prices to offset higher costs could dampen demand and slow volume growth.
Dependence 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.