India's Petronet slips on Q4 results; analysts flag weak volumes, low returns

Petronet LNG

20/05/2025 09:15

** Shares of India's Petronet LNG PLNG.NS down 1.37% at 316.4 rupees following the release of co's Q4 results

** Petronet's profit after tax jumps 45%, but revenue falls nearly 11% due to a one-time provision reversal and lower costs

** Citi Research maintains "sell", says volumes were "materially below expectations"

** Adds that rising competitive pressures, high LNG prices and a muted seasonal ramp up in gas-based power generation could limit performance upside

** Macquarie maintains "underperform", flags declining returns trajectory, adding PLNG's foray into petrochemicals not likely to improve them

** PLNG rated "hold" by 32 analysts, with median PT at 324 rupees, as per data complied by LSEG

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))