The expected improvements in utilization along with expansion plans should support future growth. We reiterate our BUY rating on the stock with a TP of Rs. 321 based on 15x FY22E adj. EPS. Revenue inches up albeit demand remains weak In Q4FY20, revenue rose 2.2% YoY to Rs. 8,567cr on higher LNG volumes processed to 219 TBTUs (+6.8% YoY), with increased throughput from Dahej terminal which processed 206 TBTUs LNG (+3.5% YoY, -7.2%QoQ). On sequential basis, throughput was subdued, owing to COVID-19 which impacted by both supply side (disrupted...