Petronet LNG Q4 profit seen up 30% at Rs 231 cr: Poll

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Petronet LNG's fourth quarter profit is expected to increase 29.8 percent to Rs 231 crore compared to Rs 178 crore in preceding quarter, according to average of estimates of analysts polled by CNBC-TV18.

Total income is seen rising 22 percent to Rs 6,291 crore in January-March quarter compared to Rs 5,146 crore in previous quarter.

Operating profit is likely to jump 44.6 percent sequentially to Rs 457 crore and margin may expand 110 basis points to 7.1 percent in Q4.

The company is likely to benefit from resumption of RasGas long-term volumes.

Analysts expect overall volumes at 155 TBTUs, up 61 percent YoY and 9 percent QoQ. They expect LNG's Dahej terminal to operate at above 100 percent utilisation during the quarter and marketing margin to improve.

Reversal of earlier demurrage charges may support trading margins.