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.
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