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Petronet LNG Q3 Results Review — Nirmal Bang Upgrades The Stock To 'Buy' On Long Term Value
Petronet LNG's key catalysts are long term CAGR of 6-7% in Indian gas demand; this will support growth in LNG imports once the ramp-up in KG D6 and KG 98/2 gas production is absorbed: brokerage
29 Jan 2025, 10:59 AM IST 
Petronet LNG's revenue came in at Rs 130.24 billion, 5.6% miss versus estimate and miss by 7.14% against Bloomberg estimates(street).
(Photo: Company website).
Petronet LNG expects gradual ramp up in the added capacity (5 million tonnes per annum) at Dahej likely to be completed by June-25E, versus quicker ramp up to more than 90% earlier. This is a long term catalyst for growth based on healthy gas demand and low capex on the expansion at just Rs 5.7 billion.
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