Petronet LNG Ltd's Q2FY17 standalone net profit rises 84.74% yoy to Rs.460 crore : Beats Estimates

India Infoline Research Team | November 17, 2016 19:12 IST

Petronet LNG Ltd Q2FY17

Standalone Results Q2FY17: (Rs. in crore)

Q2FY17 YoY (%)
Revenue 6,614 [12.3]
EDITDA 726 55.5
EBITDA Margin (%) 11 479
Net Profit (adjusted) 460 84.7
***EBITDA margin change is bps


Petronet LNG Ltd’s Q2FY17 result beats the market consensus. The street was expecting top-line decline of ~22.5% yoy and bottom-line to grow by ~42.5% yoy.

The net revenue for the quarter declined by 12.3% yoy to Rs 6614 cr.

The EBITDA grew by 55.5% yoy to Rs 726 cr due to lower cost of LNG. The EBITDA margin grew by 479 bps yoy and stood at 11% in Q2FY17.

The net profit grew by 84.7% yoy to Rs 460 cr against Rs 249 cr of last year due to higher other income of Rs 91 cr against Rs 38 cr of last year.

Technical View:

Petronet LNG Ltd ended at Rs. 348.45, down by 4.35 points or 1.23% from its previous closing of Rs. 352.8 on the BSE.
The scrip opened at Rs. 356.25 and touched a high and low of Rs. 356.8 and Rs. 343.35 respectively. A total of 1675479(NSE+BSE) shares were traded on the counter. The stock traded above its 50 DMA.

BSE 375.85 [2.20] ([0.58]%)
NSE 375.10 [3.20] ([0.85]%)

***Note: This is a NSE Chart

 

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