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Apr 24, 2012, 01.05 PM IST
Petronet LNG is expected to report a growth of 41.5% YoY in its net profit of Rs 292 crore for the quarter ended March 2012 on account of higher volumes and charges, according to CNBC-TV18 poll. The company had posted net profit at Rs 206.3 crore in a year ago period.
Sales are likely to jump 65.5% to Rs 6,600 crore from Rs 3,986 crore during the same period. Operating profit margin is seen going up at 7.5% in the January-March quarter of FY12 as against 8.8% in the corresponding quarter of last fiscal. Highlights * YoY growth remains strong on account of higher volumes, charges, but it may see a 2-3% decline in volumes sequentially * Q3 capacity utilization was at an all time high at 115% (Management has indicated a capacity utilization of about 110% in recent interview) * Total volumes expected around 140 TBTU’s versus 145 TBTU’s last quarter * Regas charges see the annual 5% increase in January; so up 5% QoQ * Gross margins should be largely flat QoQ at Rs 39-40/mmbtu Key Triggers * Stock underperforming after recent PNGRB moves * Street worried about a possible cap in marketing margin * However, most analysts still believe Petronet marketing margins will not be capped * In terms of growth Kochi commissioning is the key driver
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