Petronet LNG Q1 PAT seen down 6% YoY at Rs 242 cr
State-owned Petronet LNG is set to announce its results for the quarter ended June 2012. Analysts on an average expect the profit after tax to fall by 5.7% year-on-year and 1.3% quarter-on-quarter to Rs 242 crore in the quarter.
July 31, 2012 / 13:08 IST
State-owned Petronet LNG is set to announce its results for the quarter ended June 2012. Analysts on an average expect the profit after tax to fall by 5.7% year-on-year and 1.3% quarter-on-quarter to Rs 242 crore in the quarter.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to go down by 3.7% YoY and 0.35% QoQ to Rs 421.5 crore during the same period.Operating profit margin too is seen falling to 6.3% in the April-June quarter as against 9.5% in a year ago period and 6.6% in the previous quarter.But, sales are seen going up by 45% YoY and 5% QoQ to Rs 6,690 crore during the same period.Analysts expect both volumes and marketing margins are low. Volumes are likely to dip about 7% QoQ to 125 TBTU’s due to lower offtake from fertilizer and power plants.About 5 fertilizer plants were offline for maintenance in April-May which impacted offtake. At the end of Q4, Petronet had an inventory of 10 TBTU’s which could boost volumes. So a positive surprise on volumes is possible.Marketing margins on spot cargoes were down by 50% in the March quarter to around 50 cents or Rs 25 per TBTU's. Analysts expect no recovery in marketing margins this quarter. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
