- Petronet LNG reported a net income of 8.67 billion rupees for the third quarter, aligning exactly with market estimates.
- The net income showed a decrease of 27% compared to the same period last year.
- Revenue for the quarter came in at 122.3 billion rupees, falling short of the estimated 128.97 billion rupees and down 17% year-over-year.
- Total costs were reported at 112.5 billion rupees, marking a decrease of 15% from the previous year.
- The company recorded other income at 1.96 billion rupees, which is an increase of 26% compared to the previous year.
- An agreement for the sale of 250 Kta of Propylene and 11 Kta of Hydrogen was mentioned.
- 360 One WAM plans to acquire B&K Securities for 17.7 billion rupees.
- A pact will be executed between Petronet LNG and Deepak Phenolics.
- Shares of Petronet LNG dropped by 3.7% to 310.80 rupees, with 2.49 million shares traded.
- Analyst ratings include 10 buys, 12 holds, and 14 sells.
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A look at Petronet LNG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 4.2 |
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, Petronet LNG Ltd. shows a promising long-term outlook. With a high Dividend score of 5, investors can expect stable returns through regular dividend payouts. The company’s strong Resilience score of 5 indicates its ability to withstand market uncertainties and economic fluctuations, providing a sense of security for investors.
While the Growth score stands at 3, which suggests moderate growth potential, Petronet LNG‘s Value score of 4 signifies that the company is trading at an attractive valuation. Additionally, the Momentum score of 4 implies positive market momentum. Overall, Petronet LNG appears to be a solid investment choice for those seeking a reliable income stream and a resilient investment option in the LNG sector.
Summary: Petronet LNG Ltd., a Government of India-formed company, operates as an LNG importer with key partnerships and strategic alliances. With LNG receiving ports in Gujarat and Kerala, the company’s collaboration with major energy players like GAIL, ONGC, IOC, BPCL, and GAZ de France solidifies its position in the market.
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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