Petronet LNG Ltd. News, Corporate filings and Earnings/Conference Calls

Name: Latest research reports of Petronet LNG Ltd. authored by Sharekhan and published by - Trendlyne research reports.
Item: Petronet LNG Ltd.
Rating: 5
Author: Sharekhan

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Petronet LNG Ltd.

30 Oct 2019

304.65

-0.16%

Petronet LNG shares rise over 6% as Q2 profit nearly doubles on lower tax rate

Business Today

Net profit came 90% higher at Rs 1,089 crore in July-September than Rs 572.89 crore net profit in the same period, while its revenue from operations slipped to Rs 9,361.18 crore from Rs 10,745.34 crore in the second of the previous fiscal year

Motilal Oswal upgraded Petronet LNG Ltd. to Buy with a price target of 410.0 on 05 Jul, 2025.

Petronet LNG stock rises on higher profits amid lesser tax outgo

Business Line | 30 Oct 2019 4 more

Petronet LNG Ltd.

30 Oct 2019

304.65

-0.16%

Petronet LNG

Buy: Petronet LNG Ltd.

Target

Sharekhan

Petronet LNG (PLNG) reported a strong set of numbers in Q2FY2020 with adjusted operating profit at Rs. 1,046 crore (up 16.2% y-o-y; up 13.9% q-o-q) and adjusted PAT stood at Rs. 818 crore (up 42.5% y-o-y; up 37.6% q-o-q), above our estimates of Rs. 726 crore. The strong performance was driven by sharp jump in Dahej re-gas volumes to 240 tBtu (up 13.7% y-o-y; up 10.6% q-o-q). The Kochi terminal's utilisation rate also improved to 15.7% from 14.1% in Q1FY2020. PLNG's strong volume led earnings visibility (we expect a 16%...

Petronet LNG Ltd. has an average target of 334.83 from 6 brokers.

Petronet LNG Ltd.

30 Oct 2019

304.65

-0.16%

Petronet LNG - 2QFY20 Result Update

Hold: Petronet LNG Ltd.

Recommendation Target

Reliance Securities

Strong LNG Volume; Lower Spot LNG Prices to Drive Growth PLNG (Petronet LNG) reported EBITDA of Rs11.6bn, grew by 31% YoY and 13% QoQ (17% above our estimates and 11% consensus) in 2QFY20. EBITDA growth is aided by stellar operating volume, 5% rise in regasification tariffs and adoption of Ind AS 116 with Lease Liability'. PBT grew by just 2% YoY and 6% QoQ mainly due to fall in other income and higher in interest cost. Notably, reported net profit is higher than pre-tax profit due to adoption of lower tax rate for 1HFY20 and reversal of deferred tax liability of Rs3.8bn. PAT grew by 96% YoY and 97% QoQ to Rs11bn, exceeding ours and consensus estimates by 75% and 69%, respectively. Despite...

Petronet LNG Ltd. is trading above its 100 day SMA of 301.4

Petronet LNG Ltd.

30 Oct 2019

304.65

-0.16%

Q2FY20 Result Update

Buy: Petronet LNG Ltd.

Target

Prabhudas Lilladhar

domestic LNG markets to help PLNG compete with new terminals. We tweak our estimates for FY20/21E to factor in lower tax rates even as we leave the operational numbers unchanged. PLNG is a play on India's rising LNG imports supported by benign spot LNG prices. We like PLNG's business model given high earnings visibility. We see limited competition to PLNG's...

Petronet LNG Ltd. is trading below its 50 day SMA of 307.7

Petronet LNG Ltd.

30 Oct 2019

304.65

-0.16%

Stellar performance at Dahej continues

Buy: Petronet LNG Ltd.

Target

Motilal Oswal

30 October 2019 PLNGs sales were in line with our estimate at INR93.6b in 2QFY20, while EBITDA of INR11.6b (+31% YoY) exceeded our estimate of INR10.2b. Total expenditure was lower on account of limited maintenance and repairs cost in the monsoon quarter. PBT was in line with our estimate at INR8.9b (+2% YoY). The company re-measured DTL of INR4.5b in accordance with the new tax rate of 25.17%, resulting in reported PAT of INR11b (v/s INR5.6b in 2QFY19 and INR5.6b in 1QFY20). PLNG incurred an exceptional expense of INR721m in the quarter on account of one-time settlement expense of lease rental to Kochi Port Terminal (CPT) to secure against future escalation in lease rent at Kochi terminal and also to settle ongoing litigations with CPT.

Petronet LNG Ltd. has an average target of 334.83 from 6 brokers.

Petronet LNG Ltd.

30 Oct 2019

304.65

-0.16%

Petronet LNG

Hold: Petronet LNG Ltd.

Target

ICICI Securities Limited

Petronet LNG reported its Q2FY20 results, which were above estimates on the operational front due to higher-than-expected volumes. Volumes increased 10.6% QoQ to 250 tbtu (I-direct estimate: 233.2 tbtu) on account of higher Dahej volumes. Revenues were up 8.7% QoQ to | 9361.2 crore (I-direct estimate: | 9367.6 crore) while EBITDA was up 13.3% to | 1160.5 crore against our estimate of | 1048.8 crore. Blended margins were at | 52.5/mmbtu, marginally lower that our estimate of | 53.2/mmbtu. Net profit...

Petronet LNG Ltd. is trading below its 50 day SMA of 307.7

Petronet LNG Ltd.

29 Oct 2019

304.65

-0.16%

Corp. Action

PETRONET LNG LTD. - 532522 - The Board Of Directors Of Petronet LNG Limited In Its …

BSE India

The Board of Directors of Petronet LNG Limited in its above said meeting has also, inter-alia, declared special interim dividend of Rs. 5.50 (Rupees five and fifty paisa) per equity share (of the face value of Rs. 10/- each) of the Company for the financial year 2019-20. The Record date for the above said declared special interim dividend for the financial year 2019-20 shall be Friday, 8th November, 2019.

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Petronet LNG Ltd.

29 Oct 2019

304.65

-0.16%

Corp. Action

PETRONET LNG LTD. - 532522 - Corporate Action-Board approves Dividend

BSE India

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Petronet LNG Ltd.

29 Oct 2019

304.65

-0.16%

Board Meeting

PETRONET LNG LTD. - 532522 - Outcome of Board Meeting

BSE India

Unaudited Financial Results along with Limited Review Report for the quarter/half year ended 30th September, 2019 Declaration of Special Interim Dividend for the financial year 2019-20

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Petronet LNG Ltd.

29 Oct 2019

304.65

-0.16%

Result

PETRONET LNG LTD. - 532522 - Unaudited Financial Results Along With Limited Review Report For The …

BSE India

Unaudited Financial Results along with Limited Review Report for the quarter/half year ended 30th September, 2019 Declaration of Special Interim Dividend for the financial year 2019-20

Fast result published on 29 Oct 2019 17:37

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Is Petronet LNG Ltd. worth buying?

856 Votes:

Buy 83.41%

Sell 9.46%

Hold 7.13%

RESEARCH REPORTS

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