Q4FY21 Result Update - Petronet LNG - ICICI Direct

Petronet LNG reported Q4FY21 results that were in line with estimates on the operating front. However, profitability was lower-than-expected on account of other income. Total volumes were flattish YoY, down 7.2% QoQ to 218 tbtu. Revenues were down 11.6% YoY to Rs. 7575.3 crore (estimated: Rs. 7920.2 crore). EBITDA was at Rs. 1091.1 crore, up 56.4% YoY (our estimate: Rs. 1107.7 crore). Blended margins were at Rs. 59.3/mmbtu in line with estimates. Other income at Rs. 49.2 crore was lower than expectations of Rs. 97.8 crore. Subsequently, PAT increased 73.6% YoY to Rs. 623.4 crore as profitability was impacted by inventory loss and certain one-offs in the base quarter (I-direct estimate: Rs. 685.1 crore).

For details, click on the link below: Link to the report

Shares of PETRONET LNG LTD. was last trading in BSE at Rs.231.7 as compared to the previous close of Rs. 232.25. The total number of shares traded during the day was 213500 in over 3399 trades.

The stock hit an intraday high of Rs. 234 and intraday low of 230.35. The net turnover during the day was Rs. 49550371.

Source : Equity Bulls

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