- Petronet LNG‘s net income for the first quarter was 8.5 billion rupees, which is a decrease of 25% compared to the previous year. This was below the estimated 8.97 billion rupees.
- The company’s revenue was recorded at 118.8 billion rupees, reflecting a decline of 11% year-over-year. This was also below the expected revenue of 122.29 billion rupees.
- Total costs for the quarter stood at 109.9 billion rupees, showing a decrease of 9.2% from the previous year.
- Other income increased by 11% to reach 2.42 billion rupees.
- Analyst recommendations for Petronet LNG include 14 buys, 10 holds, and 11 sells.
A look at Petronet LNG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores analysis, Petronet LNG presents a promising long-term outlook. With a high Dividend score of 5, the company demonstrates a strong commitment to rewarding its shareholders. Additionally, its Value score of 4 indicates favorable valuation metrics, making it an attractive investment option.
While the Growth and Momentum scores are slightly lower at 3, Petronet LNG maintains a solid Resilience score of 4, showcasing its ability to withstand market fluctuations. Overall, Petronet LNG‘s strategic position as a major player in the LNG import sector, along with its solid financial performance, suggests a positive trajectory for the company in the long run.
### Summary: Petronet LNG Ltd. was formed by the Government of India to import liquefied natural gas (LNG) into the country. The Company is a joint venture between GAIL, ONGC, IOC and BPCL. Petronet LNG has also selected GAZ de France as a strategic partner. The Company has set up LNG receiving ports in Dahej (Gujarat) and Kochi (Kerala). ###
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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