Petronet LNG Q3 Review - Another Strong Performance: Prabhudas Lilladher
The Shahamah LNG tanker is berthed at Futtsu Chiba Prefecture, Japan. (Photographer: Tomohiro Ohsumi/Bloomberg)

Petronet LNG Q3 Review - Another Strong Performance: Prabhudas Lilladher

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

We increase our FY21E estimates of Petronet LNG Ltd. by 7% to factor in strong nine months performance and FY22/23E by 3.5/3.4% as we increase spot margins.

We believe the company -

  1. is a play on India’s rising liquefied natural gas imports supported by benign spot LNG prices
  2. possess solid business model given high earnings visibility
  3. has limited competition to the company’s well-entrenched reach in the LNG business.

Click on the attachment to read the full report:

Prabhudas Lilladher Petronet LNG Q3FY21 Result Update.pdf

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