Petronet LNG - Higher Inventory Valuations, Trading Margins Led To Expansion In Q3 Margins: Dolat Capital
LNG dispenses through pipes on-board a tanker. (Photographer: Jason Alden/Bloomberg)

Petronet LNG - Higher Inventory Valuations, Trading Margins Led To Expansion In Q3 Margins: Dolat Capital

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.

Dolat Capital Report

Petronet LNG Ltd. Q3 FY21 numbers were below our estimates on revenue front as some volumes moved from Dahej terminal to Dabhol terminal and results were above estimates on profitability front due to inventory gains, trading margins, higher utilisation and operating efficiency.

Revenue grew 17.5% QoQ and de-grew 17.8% YoY.

Operating profit declined 2% QoQ and grew 20.6% YoY, due to inventory gains, cost efficiencies and higher utilisation, and net profitability grew on account of higher other income

Click on the attachment to read the full report:

Dolat Capital Petronet LNG Q3FY21 Result Update.pdf

DISCLAIMER

This 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 author entity 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.