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    HomeNewsBusinessEarningsPetronet LNG Q2 PAT may fall 24% at Rs 240 cr: KR Choksey

    Petronet LNG Q2 PAT may fall 24% at Rs 240 cr: KR Choksey

    According to KR Choksey, Petronet LNG may report a 7 percent growth quarter-on-quarter (degrowth of 24 percent year-on-year) in net profit at Rs 240 crore.

    October 18, 2013 / 09:36 IST
       
       
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      KR Choksey has come out with its second quarter (July-September) earnings estimates for the oil & gas sector. The brokerage house expects Petronet LNG to report a 7 percent growth quarter-on-quarter (degrowth of 24 percent year-on-year) in net profit at Rs 240 crore.


      Revenues are expected to increase by 11 percent Q-o-Q (up 24 percent Y-o-Y) to Rs 9,370 crore, according to KR Choksey.


      Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 2 percent Q-o-Q (down 23 percent Y-o-Y) to Rs 421 crore.


      KR Choksey's Report on Petronet LNG:


      Total volume off take would be 2.65 mmt for current quarter vs 2.54 mmt inQ1FY14 and flat Y-o-Y.


      Operational efficiency would be 106 percent.


      Rupee depreciation will impact the spot volumes and marketing margins on a negative side.

      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.

      first published: Oct 18, 2013 09:36 am

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