BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Prabhudas Lilladher Report
Petronet LNG Ltd. reported better than expected results with Ebitda/profit after tax of Rs 12.9 billion (up 23% QoQ; our estimate Rs 11.8 billion) and Rs 8.2 billion (up 29% QoQ, our estimate: Rs 7.3 billion), due to higher regas volumes and margins.
Management’s plans on gradually ramping up liquefied natural gas stations, removes an overhang on capital allocation.
Petronet LNG is a play on India’s rising LNG imports, despite rising domestic gas production. We like the business model given:
high earnings visibility and
limited competition to its well-entrenched reach in LNG business.
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