We increase our FY22E estimates by 12% to factor in-take or pay charges booked in Q3 along with higher spot margins. FY23/24E estimates are increased by ~2% as we make minor changes in volume assumptions. PLNG reported better than expected results with EBIDTA/PAT of Rs17.3bn (+34%Q/Q; PLe Rs10.1bn) and Rs11.4bn (+39%Q/Q, PLe Rs6.2bn), as the...