We think this is a good bargain given the company's de-risked and steady growth profile and earnings visibility Petronet LNG (PLNG) reported revenue of Rs 107.45bn up 38.3% YoY. EBITDA and APAT were in line with our estimates at Rs 8.84bn and Rs 5.63bn. Company delivered total volumes of 438tbtu (~8.43mmt) in 1HFY19, up 6.5% YoY. PLNGs volumes increased 1.6x, EBITDA and PAT jumped up more than 2.3x while stock price soared 3x during FY15-FY18.