272.4000 1.45 (0.54%)
NSE Sep 25, 2025 12:38 PM
Volume: 902.6K
 

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Petronet LNG Ltd.
18 Mar 2020
272.40
0.54%
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...
Petronet LNG Ltd. has an average target of 338.00 from 6 brokers.
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