Petronet LNG Q2 PAT seen down 2.1% to Rs 370 cr: Religare

Net Sales are expected to increase by 13.9 percent Q-o-Q (down 19.4 percent Y-o-Y) to Rs 6079 crore, according to Religare.
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Oct 19, 2016, 01.31 PM | Source: Moneycontrol.com

Petronet LNG Q2 PAT seen down 2.1% to Rs 370 cr: Religare

Net Sales are expected to increase by 13.9 percent Q-o-Q (down 19.4 percent Y-o-Y) to Rs 6079 crore, according to Religare.

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Petronet LNG Q2 PAT seen down 2.1% to Rs 370 cr: Religare

Net Sales are expected to increase by 13.9 percent Q-o-Q (down 19.4 percent Y-o-Y) to Rs 6079 crore, according to Religare.

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, Religare Retail Research |

Religare has come out with its second quarter (July-September) earnings estimates for the India Energy sector. The brokerage house expects Petronet LNG to report net profit at Rs 370 crore, down 2.1 percent quarter-on-quarter.

Net Sales are expected to increase by 13.9 percent Q-o-Q (down 19.4 percent Y-o-Y) to Rs 6079 crore, according to Religare.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 11.7 percent Q-o-Q (up 21.6 percent Y-o-Y) to Rs 567.4 crore.

Religare's report on Petronet LNG

PLNG’s core regasification earnings would see linear growth every quarter until Q4FY18 as volumes ramp up from the incremental 5mmt capacity at Dahej.

An earnings upgrade over FY17-FY19E is plausible if PLNG could consistently report EBITDA above Rs 35/mmbtu levels.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

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Petronet LNG Q2 PAT seen down 2.1% to Rs 370 cr: Religare

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