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Net Sales are expected to decrease by 10.1 percent Q-o-Q (down 6.7 percent Y-o-Y) to Rs 5660 crore, according to HDFC Securities. Petronet LNG to report net profit at 390 crore down 2.3% quarter-on-quarter.
The Q3 earnings of the company came in line with estimates with volumes being a big positive. But the profit after tax fell by 13.5 percent quarter-on-quarter due to a lower effective tax rate.
India's biggest importer of liquefied natural gas, Petronet LNG Ltd, reported net profit of Rs 397 crore in the third quarter ended December 31. Company‘s profit more than doubled as it handled record volumes of imported gas.
Net Sales are expected to increase by 22.8 percent Q-o-Q (up 57.8 percent Y-o-Y) to Rs 8121.8 crore, according to Motilal Oswal.
State-run liquefied natural gas importer Petronet LNG shares rallied nearly 8 percent intraday Friday after better-than-expected earnings for July-September quarter but analysts are doubtful over consistency in performance.
Petronet LNG posted a stellar set of earnings in Q2, with the company posting highest-ever EBITDA on strong volume growth.
Net Sales are expected to increase by 13.9 percent Q-o-Q (down 19.4 percent Y-o-Y) to Rs 6079 crore, according to Religare.
Petronet LNG on Monday posted a nearly 55 percent jump in its standalone net profit at Rs 377.86 crore for the quarter ended June 30, 2016. The company had reported a net profit of Rs 244.12 crore in the corresponding quarter a year ago, it said in a BSE filing.
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.
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.
In an interview to CNBC-TV18, RK Garg, CFO, Petronet LNG spoke about the latest happenings in his company and sector.
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.
According to CNBC-TV18 poll, profit is seen falling 19 percent year-on-year to Rs 212.9 crore and revenue may decline 26 percent to Rs 8,158.5 crore in the quarter ended September 2015.
Petronet's net profit stood at Rs 247.50 crore in the April-June quarter as compared to Rs 156.60 crore net profit in the same period a year ago.
Operating profit (earnings before interest, tax, depreciation and amortisation) is likely to decline 7 percent on yearly basis to Rs 333.2 crore but margin may expand by 20 basis points to 3.7 percent in the quarter gone by.
Discussing the results, RK Garg, Director Finance, Petronet LNG, agreed that Q4FY15 numbers are indeed below expectations and the company has been trying to mitigate issues raised after sudden drop in crude prices
State-run liquefied natural gas importer Petronet LNG's fourth quarter profit is expected to fall 9 percent year-on-year to Rs 154 crore due to lower volumes and lacklustre margin, according to the average of estimates of analysts polled by CNBC-TV18. The company will announce its earnings on April 25.
Petronet LNG's third quarter profit after tax is seen going up 68 percent year-on-year (down 13.3 percent quarter-on-quarter) to Rs 227.9 crore, according to the average of estimates of analysts polled by CNBC-TV18.
Dahej operations are performing as per expectations and once the second jetty at Dahej which is likely to be commissioned by March comes up; the volumes will improve further said RK Garg, director finance, Petronet LNG.
According to Motilal Oswal, Petronet LNG to report a 11.8 percent degrowth quarter-on-quarter (degrowth of 36.8 percent year-on-year) in net profit at Rs 198.8 crore.
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.
Earnings before interest, tax, depreciation and amortisation (EBITDA) may increase 18 percent Q-o-Q to Rs 391 crore and operating profit margin is likely to expand 20 basis points to 4.2 percent in second quarter.
Analysts blame weak demand for a fall in trading margins during the quarter which forced PLNG to charge significantly lower trading margins to enable higher off-take.
Petronet LNG's earnings before interest, tax, depreciation and amortisation (EBITDA) may rise 5.3 percent Y-o-Y to Rs 457 crore during the quarter while operating profit margin is expected to be flat.
Dolat Capital expects Petronet LNG to report a 4.9 percent growth quarter-on-quarter (degrowth of 5.1 percent year-on-year) in net profit at Rs 257.1crore.