State-run liquefied natural gas importer Petronet LNG's December quarter profit is seen rising 44 percent year-on-year to Rs 234 crore on strong operational performance, according to analysts’ polled by CNBC-TV18.
Revenue may fall 32 percent YoY to Rs 7,660 crore in Q3 while operating profit (earnings before interest, tax, depreciation and amortisation) may jump 29 percent to Rs 438 crore and margin may expand 270 basis points to 5.7 percent during the quarter year-on-year.
Petronet LNG’s earnings are largely protected due to take-or-pay contracts with off-takers. Early completion of the Kochi-Mangalore-Bangalore pipeline and continued lower spot prices may provide earnings upside, feel analysts.
Key issues to watch out for would be ramp-up at Kochi terminal, spot volumes and marketing margin on spot volumes.
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