Petronet LNG Q4 Review - Steady Performance On Yearly Basis: IDBI Capital

Petronet LNG Q4 Review - Steady Performance On Yearly Basis: IDBI Capital

Aerial view of a pier for a planned floating liquefied natural gas (LNG) terminal. (Source: Reuters/Stephane Nitschke)

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IDBI Capital Report

In Q4 FY22, Petronet LNG Ltd.'s sales grew by 47% YoY and down 11% QoQ to Rs 111.6 billion.

Standalone Ebitda increased by 7% YoY to Rs 11.6 billion. Net profit increased by 20% YoY and decreased by 34% QoQ to Rs 7.5 billion.

In Q4 FY22, Petronet LNG processed total liquefied natural gas of 190 thousand British thermal unit compared to 208 tbtu in Q3 FY22 and 218 tbtu in Q4 FY21.

The capacity utilisation of Dahej terminal during Q4 FY22 was 79%.

We are revising our profit after tax estimates upwards by 10% and 14.8% for FY23 and F24 respectively.

Click on the attachment to read the full report:

IDBI Capital Petronet LNG Q4FY22 Result Update.pdf
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