Motilal Oswal has come out with its first quarter (April-June) earnings estimates for the Oil & Gas sector. The brokerage house expects Petronet LNG to report a 31.1 percent growth quarter-on-quarter (up of 79.1 percent year-on-year) in net profit at Rs 313.6 crore.Sales are expected to decrease by 23.2 percent Q-o-Q (down 44.4 percent Y-o-Y) to Rs 4659.8 crore, according to Motilal Oswal.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 22.3 percent Q-o-Q (up 51.3 percent Y-o-Y) to Rs 546.2 crore.Motilal Oswal's report on Petronet LNGWe expect PLNG to report PAT of Rs 3.1b (+26.7% Y-o-Y, +31.1% Q-o-Q)and EBITDA of Rs 5.5b (+51.3% YoY, +22.3% Q-o-Q) for 1QFY17.We model Dahej LNG volumes at 3mmt (up 17.2% Y-o-Y, flat Q-o-Q) in1QFY17.Dahej terminal utilization is above 110% and long-term growth will depend on Dahej’s ramp-up and Kochi terminal’s pipeline connectivity.Following RasGas contract renegotiation, we have changed our Dahej long-term volumes assumption to 8.5mmt v/s 7.5mmt earlier.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.
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