Petronet LNG - Beat On Gross Margin Aids PAT Beat In Q3: Nirmal Bang 
Petronet LNG’s Kochi terminal (image: Company website)

Petronet LNG - Beat On Gross Margin Aids PAT Beat In Q3: Nirmal Bang 

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.

Nirmal Bang Report

We are positive on Petronet LNG Ltd. on the basis of -

1. attractive risk-reward at 11.0 times price to earning/2.3 times price/ book value on FY23E - return on equity of 21.7%

2. prospects of ramp-up in Kochi in Q4 FY21 and FY22 based on the recently started Kochi-Mangalore pipeline

3. management’s plan to build business-to-business liquefied natural gas business and bio compresed natural gas as auto fuel in partnership with city gas distribution entities/oil marketing companies, although details on pricing/margins and investments are under evaluation.

Click on the attachment to read the full report:

Nirmal Bang Petronet LNG-Q3FY21 Result Update-13 February 2021.pdf

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