1QFY21 results of Petronet LNG Ltd - Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd

"Petronet Lng Ltd. consolidated revenue from operations for Q1FY21 stood at ₹4,883.5 crore, down by 43.3% (YoY) as compared to ₹8,613.4 crore in Q1FY20.The operation of the company were not materially interrupted during the lockdown due to Covid-19 pandemic. Cost of material consumed has come down from 86.12% to 78.55% in Q1FY21.Company reported PBT of ₹676.1 crore down by 19.5% in Q1FY21 as compared to ₹839.5 crores in Q1FY20. PAT at ₹499.8 Crores was down by 11.1% in Q1FY21 as compared to ₹561.9 crores in Q1FY20. Overall the company posted a better than expected set of numbers for Q1FY21."

Shares of PETRONET LNG LTD. was last trading in BSE at Rs.254.45 as compared to the previous close of Rs. 260. The total number of shares traded during the day was 315996 in over 3930 trades.

The stock hit an intraday high of Rs. 261.9 and intraday low of 252.45. The net turnover during the day was Rs. 81048629.

Source : Equity Bulls

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