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Petronet LNG Q4 profit seen down 9% to Rs 154 cr: Poll

State-run liquefied natural gas importer Petronet LNG’s fourth quarter profit is expected to fall 9 percent year-on-year to Rs 154 crore due to lower volumes and lacklustre margin, according to the average of estimates of analysts polled by CNBC-TV18. The company will announce its earnings on April 25.

Petronet LNG Q4 profit seen down 9% to Rs 154 cr: Poll

State-run liquefied natural gas importer Petronet LNG ‘s fourth quarter profit is expected to fall 9 percent year-on-year to Rs 154 crore due to lower volumes and lacklustre margin, according to the average of estimates of analysts polled by CNBC-TV18. The company will announce its earnings on April 25.

Total sales are seen falling 5 percent to Rs 9,856 crore in the quarter ended March 2015 compared to Rs 10,427.8 crore in the same quarter last year.

Operating profit (EBITDA) may slip 2 percent year-on-year to Rs 343 crore but margin may inch up by 10 basis points to 3.5 percent in the fourth quarter of financial year 2014-15.

Analysts expect Dahej terminal to operate at 80 percent capacity (assuming 10 mmtpa) against 110 percent in Q3 while Kochi utilisation is likely to remain weak.

Key issues to watch out for are ramp-up at Kochi terminal, spot volumes and marketing margin on spot volumes. Petronet LNG earnings are largely protected due to take-or-pay contracts with the offtakers. Early completion of Kochi-Mangalore-Bangalore pipeline and continued lower spot prices would provide earnings upside.

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