Petronet LNG Q4 Review- In Line Performance, Volumes To Remain Subdued In Near Term: ICICI Direct
The Kochi LNG Terminal, operated by Petronet LNG Ltd., stands at Cochin Port. (Photographer: Dhiraj Singh/Bloomberg).

Petronet LNG Q4 Review- In Line Performance, Volumes To Remain Subdued In Near Term: ICICI Direct

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ICICI Direct Report

Petronet LNG Ltd. reported Q4 FY21 results that were in line with estimates on the operating front.

However, profitability was lower-than-expected on account of other income.

Total volumes were flattish YoY, down 7.2% QoQ to 218 trillion British thermal unit.

Revenues were down 11.6% YoY to Rs 7575.3 crore (estimated: Rs 7920.2 crore).

Ebitda was at Rs 1091.1 crore, up 56.4% YoY (our estimate: Rs 1107.7 crore).

Blended margins were at Rs 59.3/million metric British thermal unit in line with estimates.

Other income at Rs 49.2 crore was lower than expectations of Rs 97.8 crore.

Click on the attachment to read the full report:

ICICI Direct Petronet LNG Q4FY21 Result Update.pdf

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