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IDBI Capital: Petronet LNG - Robust Q2 Led By Highest -Ever Volume 

IDBI Capital: Petronet LNG - Robust Q2 Led By Highest -Ever Volume

The liquid natural gas inland tanker LNG London sails near to the world’s largest container ship, at the Port of Rotterdam in Rotterdam. (Photographer Geert Vanden Wijngaert/Bloomberg)
The liquid natural gas inland tanker LNG London sails near to the world’s largest container ship, at the Port of Rotterdam in Rotterdam. (Photographer Geert Vanden Wijngaert/Bloomberg)

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IDBI Capital Report

Petronet LNG Ltd. came out with a very strong set of numbers in Q2 FY21 which was a beat to our and consensus estimates owing to highest-ever volume, higher inventory gain and higher other income.

Dahej terminal operated at 109% capacity utilization and delivered a volume of 243 trillion British thermal unit, up 34% QoQ (103-long-term, 135-tolling and five-spot).

While Kochi terminal operated at 17% utilization and processed a volume of 11tbtu, up 22% on lower base (eight-long term, three- spot).

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IDBI Capital Petronet LNG Q2FY21 Result Update.pdf

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