Centrum Broking: Gujarat State Petronet’s Recovery To Be Strong Post Q1

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Centrum Broking Report.Gujarat State Petronet Ltd. reported volumes of 33.3 million metric standard cubic meter per day (mmscmd) beat our estimate 32.5 mmscmd, however declined 13/10% YoY/QoQ, due to Covid-19 lockdown.While offtake from city gas distribution/fertiliser/refining/petrochemicals/others segments remained weak, offtake from power grew sharply offsetting this weakness to some extent.With a recovery in volumes expected over H2 FY21E and strong tariffs, we remain positive on earnings prospects over FY20-22E, with the value boost from subsidiary Gujarat Gas Ltd. an important support to overall value..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Centrum Broking: Gujarat State Petronet’s Recovery To Be Strong Post Q1

Centrum Broking: Gujarat State Petronet’s Recovery To Be Strong Post Q1

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