Oil & Gas Q4 Results Preview - Lower Gas Price To Boost Volume, Earnings: Systematix

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Our gas coverage universe’s Ebitda is expected to rise substantially (147% YoY and Ebitda margin by 836 basis points YoY) while it may remain largely flattish QoQ. Total gas consumption in India increased to average 181mmscmd in Jan-February 2024 versus 177 million metric standard cubic metre per day in Q3 FY24, largely driven by higher liquefied natural gas import which increased to 81 mmscmd from 77 mmscmd, respectively. Spot LNG price also declined sharply to average $9.4/ metric million British thermal unit in Q4 FY24 from $15.8/mmbtu in Q3 FY24 ($18.5/mmbtu in Q4 FY23). Gail India Ltd., Mahanagar Gas Ltd. and Indraprastha Gas Ltd.’s Ebitda is expected to rise 5.8%/13.4%/10.3% QoQ, respectively on the back of better volume and margin recovery owing to lower spot LNG and high pressure-high temperature prices, favorable economics with alternative fuels, and improvement in vehicle registrations. Volume growth for both Petronet LNG Ltd. and Gujarat State Petronet Ltd. is likely to be strong on the back of higher gas consumption. Petronet LNG’s total volume is expected to rise to 240 trillion British thermal unit from 232 tbtu QoQ, 185 tbtu YoY while a 5% tariff hike at Dahej to impact positively. Though inventory loss may hurt earnings which is not factored. GSPL’s volume is also likely to grow to 31 mmscmd from 29 mmscmd led by higher volume from power and city gas distribution businesses..Click on the attachment to read the full report:.NBFCs Q4 Results Preview - Loan Growth Strong; Rising CoF An Impediment To NIM Expansion: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Oil & Gas Q4 Results Preview - Lower Gas Price To Boost Volume, Earnings: Systematix

Oil and gas sector has seen a strong 16.3% outperformance in the last three months over the 3.6% return registered by Nifty.

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