- Gujarat Petronet’s net income for Q1 is 2.12 billion rupees, surpassing estimates of 1.94 billion rupees.
- Year-over-year net income decreased by 7.4%.
- The company reported revenue of 3.54 billion rupees, which is a 20% drop year-over-year and below the estimated 4.21 billion rupees.
- Total costs for the quarter were 1.04 billion rupees, down 32% year-over-year.
- Finance costs increased by 30% year-over-year to 12.8 million rupees, but were lower than the estimated 16.4 million rupees.
- Other income significantly increased by 82% year-over-year to 328 million rupees.
- Currently, there are 11 buy recommendations, 8 hold recommendations, and 6 sell recommendations for Gujarat Petronet.
Petronet LNG on Smartkarma
Analyst coverage of Petronet LNG on Smartkarma highlights a bullish outlook on the company’s prospects in India’s natural gas sector. Sudarshan Bhandari‘s research report “The Beat Ideas- Petronet LNG: Driving Growth in India’s Natural Gas Sector” emphasizes Petronet LNG as a key player in the country’s natural gas market. The report mentions the company’s strategic position in a market where energy demand is on the rise. With planned investments in expanding the Dahej Plant, as well as the upcoming Petchem project, Petronet LNG is poised to capitalize on the increasing share of natural gas in India’s energy mix, targeting 15% by 2030. Management anticipates a 20% volume growth, underlining the company’s potential for expansion.
A look at Petronet LNG Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 5 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 0 | |
| OVERALL SMART SCORE | 3.2 |
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 appears to have a positive long-term outlook. With strong scores in Dividend and Resilience, the company demonstrates stability and a commitment to rewarding its investors. Additionally, its association with major players in the industry such as GAIL, ONGC, IOC, BPCL, and GAZ de France adds to its credibility and strategic positioning within the market.
While Petronet LNG shows potential in terms of dividend payouts and resilience, areas such as Momentum seem to be lacking. However, with a focus on value, growth, and the ability to withstand market challenges, the company’s overall outlook suggests a solid foundation for continued success in the LNG sector.
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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