Petronet LNG Ltd. News and Updates

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 Jun 2020

304.85

-0.80%

Petronet LNG reports 373.20-crore consolidated net profit in Q4

Business Line

Recommends 70% dividend

ICICI Securities Limited decreased Sell price target of Petronet LNG Ltd. to 250.0 on 20 May, 2025.

Petronet LNG Ltd.

30 Jun 2020

304.85

-0.80%

Petronet LNG

Buy: Petronet LNG Ltd.

Target

Sharekhan

Petronet LNG's (PLNG) Q4FY2020 adjusted operating profit of Rs. 907 crore (up 44.5% y-o-y; down 8.2% q-o-q) was lower than our estimate of Rs. 952 crore due to lower margin on spot volumes. We have adjusted operating profit for forex loss of Rs. 178 crore and inventory loss of Rs. 31 crore in Q4FY2020. Dahej re-gas volume at 206 tBtu (up 4% y-o-y; down 7.2% q-o-q) was largely in-line with our estimate of 204 tBtu. Kochi terminal's volume stood at 13 tBtu (up 18.2% q-o-q), leading to higher utilisation rate of 20.4% in Q4FY2020 versus 17.3% in Q3FY2020. Adjusted PAT at Rs. 559...

Petronet LNG Ltd. has an average target of 332.50 from 6 brokers.

Petronet LNG Ltd.

30 Jun 2020

304.85

-0.80%

Reiterate strong utilization rates; Huge potential for ssLNG

Buy: Petronet LNG Ltd.

Target

Motilal Oswal

30 June 2020 4QFY20 EBITDA stood at INR7b (v/s est. INR11.2b; +11% YoY and -37% QoQ), led by higher other expenditure. Other expenditure was higher by ~INR2.8b in 4QFY20, primarily due to ~INR1.78b on account of forex related changes on lease liability and higher-than-normal expenditure on CSR. Also, lower other income led to PAT coming in 18% lower YoY at INR3.6b (v/s est. Tax rate was 26.2% in 4QFY20. Total volumes stood at 219tbtu (v/s est. -9%, +7% YoY and -6% QoQ) Utilization at Dahej came in lower than est. at 93% (100% in 3QFY20), with volumes at 206tbtu (+4% YoY and -7% QoQ), primarily due to COVID-19. Utilization at Kochi was higher than est.

Petronet LNG Ltd.'s price crossed below 50Day SMA today

Petronet LNG Ltd.

30 Jun 2020

304.85

-0.80%

Petronet LNG (BUY): Margins outperform ex. one-offs

Buy: Petronet LNG Ltd.

Target

BOB Capital Markets Ltd.

Petronet LNG's (PLNG) Q4FY20 EBITDA underperformed at Rs 7bn (+11% YoY) due to ~Rs 3bn in one-offs and low volumes (219tbtu, +7% YoY).

Petronet LNG Ltd.'s price crossed below 50Day SMA today

Petronet LNG Ltd.

02 May 2020, 02:23PM

304.85

-0.80%

Story in a chart: Inverse Head and Shoulders pattern in Petronet LNG suggests buying opportunity

Moneycontrol

We recommend buying Petronet LNG above Rs 228 levels with a stop loss of Rs 203 for higher targets of Rs 275.

Number of FII/FPI investors decreased from 813 to 796 in Mar 2025 qtr

Petronet LNG Ltd.

31 Mar 2020

304.85

-0.80%

Petronet LNG

Buy: Petronet LNG Ltd.

Recommendation Target

ICICI Securities Limited

Crude prices witnessed a sharp decline in March due to spread of Covid-19 across the globe and Opec deal failure. A likely increase in oil output by both Saudi Arabia and Russia from Q1FY21E and lower demand are expected to lead to a sizeable oversupply in the oil market. Subsequent low oil prices are expected to significantly affect ONGC's profitability....

Petronet LNG Ltd.'s price crossed below 30Day SMA today

Petronet LNG Ltd.

25 Mar 2020

304.85

-0.80%

Indian LNG importers issue force majeure notices as gas demand slumps

Business Standard

Top gas importer Petronet LNG has served a force majeure notice on Qatargas and is seeking delayed delivery of cargoes.

Petronet LNG Ltd.'s price crossed below 100Day SMA today

Petronet LNG Ltd.

23 Mar 2020

304.85

-0.80%

Received complaints against Petronet LNG MD, others, says Dharmendra Pradhan

Business Line

The Ministry of Petroleum and Natural Gas has received complaints against the Managing Director and other officers of Petronet LNG Ltd (PLL). The c

Petronet LNG Ltd.'s price crossed below 100Day SMA today

Petronet LNG Ltd.

20 Mar 2020

304.85

-0.80%

Petronet LNG - 3QFY20 Result Update

Hold: Petronet LNG Ltd.

Reliance Securities

Lower Spot LNG Prices to Drive Growth: Maintain HOLD Petronet LNG (PLNG) has reported EBITDA of Rs11.1bn (+31% YoY and -5% QoQ) in 3QFY20, exceeding our estimate by 7%. EBITDA growth is backed by stellar volume performance, 5% rise in regasification tariffs and adoption of Ind AS 116 with Lease Liability'. Its PBT grew by 11% YoY and 2% QoQ, 8%/6% higher than ours/consensus estimates. Reported net profit was higher due to adoption of lower tax rate. Net profit increased by 19% YoY to Rs6.75bn, (8%/2% higher than ours and consensus estimates). Despite delay in commissioning of Kochi-Mangalore pipeline (Mar'20), we believe lower spot LNG prices are a new growth driver, which will likely improve the...