Gas Distribution
Gas Distribution
from 277 today
Petronet LNG reported EBITDA and PAT above estimates, driven by higher-than-estimated inventory and trading gains, despite some impact from UoP provisions and lower total volumes.
Petronet LNG reported EBITDA and PAT above estimates, driven by higher-than-expected inventory and trading gains, while Dahej utilization held up despite the Qatar force majeure.
Reported EBITDA beat estimates at INR15.3bn, up 32.1% YoY, led by INR3.0bn trading gain and INR1.9bn inventory gain. Maintain 'Accumulate' with a revised TP of INR297 based on 10x FY28E EPS.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
