HDFC Securities' research report on Petronet LNG
Petronet LNG (PLNG) reported strong numbers in 4QFY17. EBITDA came in at Rs 6.2bn (+24% YoY), led by higher volumes (+17%). Consequently, APAT was at Rs 4.7bn (+92%), owing to higher ‘other income’ and lower tax.
Outlook
PLNG is exploring growth opportunities in Bangladesh and Sri Lanka. Keeping in mind the bitter experience in Kochi, we are confident that capital allocation will be prudent. Our TP is Rs 485/sh (16x of FY19E EPS). Maintain BUY.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.
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!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
Read More
