Yogesh Patil · Dolat Capital
partialAsked for gas pool price formula and constituents.
The pricing formula, what they have derived for the gas pool mechanism, is like there were various gases available in the market. So some of them were withdrawn from like O2C, some volume was withdrawn from the ONGC consumption. That, in addition to that, the Vedanta gas plus the HPHT gas, they were made part of this pool mechanism. Whatever would be the average, weighted average of this, volumes available, that was the pool gas price for the CGD sector.
Yogesh Patil · Dolat Capital
directAsked for gas pool price for March 2026.
For the month of March, the gas pool price was $12.42 per MMBtu.
Yogesh Patil · Dolat Capital
directAsked if only domestic gas or also LNG in pool.
Contracted LNG was also included during the later part. Probably in the month of March, the imported LNG was not available that easily, so that did not include the imported LNG. In the later part of April, that has come.
Yogesh Patil · Dolat Capital
partialAsked if gas supply meets incremental demand for CNG/PNG.
Certainly, I think government supplied full six month average gas supply. You know, we have the additional portfolio available to us.
Yogesh Patil · Dolat Capital
directAsked if spot LNG for captive consumption is exempt from circular.
There is freedom to purchase the imported LNG. There's no restriction on the purchase of imported LNG. Probably gas is available, but the imported gas is available at a higher price. There is no restriction on purchase of such industries.
Yogesh Patil · Dolat Capital
deflectedAsked for gas sourcing mix for CNG (APM, non-APM).
Okay, probably we'll come back to that. It's a mixture of the whole portfolio is a mixture of APM, non-APM, SPHD and the RLNG contracts. Probably we can discuss that in detail later. Let us take the other questions as of now.
Kiran Nayak · Mody Fincap
partialAsked for FY27 revenue growth and EBITDA margin guidance.
We are expecting the same revenue growth which we have achieved in the current financial year. EBITDA will be in the range of same or FCM based on that growth. We are expecting around, we can say INR 1,500 crore of EBITDA.
Sridhar Chandran · Paraseth Capitals
evasiveAsked when new GAs will reach peak utilization and profitability.
I think, if you has seen our media release as well, on the top of the headline, we are in fact given that this year itself we have connected nine city gate station, one LCNG plant... By and large now, most of the geographic area, 34, barring couple of them, which are also likely to happen anytime soon, we have already connected them with the city gate station or LCNG plant.
Sridhar Chandran · Paraseth Capitals
evasiveAsked about pricing flexibility to pass on higher gas costs.
I think it's a very good question. ... Price has been calibrated. We have not been able to pass through in the interest of a consumer while we maintained our reasonable profitability, which is in front of you all through our announcement of results.
Sridhar Chandran · Paraseth Capitals
evasiveAsked about balancing expansion with ROCE and target returns.
As I said, you see, all the numbers. We run the business with robust returns, good, reasonable profitability... It's always the game of how you enhance the yield of the same pipe. So while somebody may look at two-year return, somebody may look at three-year return, and we look at a very longer term return.
Arya Patel · Emkay Global
directAsked for PNG volume breakup (domestic, industrial, commercial).
The CNG+ domestic is around 78%. The balance is industrial+ commercial, 22%. If you want further breakup, the industrial volume would be around 20% and the rest is commercial around 2.5%.
Arya Patel · Emkay Global
directAsked for gas sourcing mix in Q4.
On the gas sourcing portfolio, 85% of our volumes are met from the APM allocation plus HPHT volumes and the different contracts for gas. Balance around 16% we are buying from the market on a spot basis.
