- Gujarat Petronet reported a net income of 1.36 billion rupees, which is 48% lower compared to the previous year.
- The reported net income surpassed analysts’ expectations, which were at 1.26 billion rupees.
- Revenue for the 3rd quarter stood at 2.60 billion rupees, marking a 53% decrease year over year.
- Despite the revenue drop, it slightly exceeded the estimated 2.58 billion rupees.
- Total costs for the company were 1.2 billion rupees, down 47% from the previous year.
- Other income showed a significant increase, rising by 96% to 412.2 million rupees.
- Analyst ratings for Gujarat Petronet include 7 buy ratings, 13 hold ratings, and 4 sell ratings.
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 appears to have a positive long-term outlook. With high scores in Value, Dividend, and Resilience, the company is positioned well for sustained growth and stability. A strong focus on dividends coupled with a solid value proposition suggests a sound financial footing. Additionally, the company’s ability to weather market challenges, as indicated by its high Resilience score, bodes well for its future performance.
Despite a slightly lower score in Growth and Momentum, Petronet LNG‘s strategic partnerships and established infrastructure in key locations like Dahej and Kochi enhance its position in the LNG market. Overall, the combination of strong value, reliable dividends, and resilience point towards a promising trajectory for Petronet LNG in the long run.
Summary: Petronet LNG Ltd. is a Government of India-backed company formed for importing LNG into the country. It operates as a joint venture involving prominent energy players like GAIL, ONGC, IOC, BPCL, and strategic partner GAZ de France. The company has developed LNG receiving ports in Dahej (Gujarat) and Kochi (Kerala), solidifying its presence 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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