In-line EBITDA led by strong volumes

10 May 2024
5 Min read 
  • Gujarat State Petronet's 4QFY24 EBITDA was in line with estimates
  •  EBITDAM was 50bp higher than estimated at 83.1%
  •  Spot LNG price currently stands at ~USD10.5/mmBtu
  •  Total volumes were in-line with estimates at 33.4mmscmd (+33% YoY)
  •  The company has declared a final dividend of INR5/share (50% of FV)
  •  The stock is trading at a P/E of ~24x FY26E EPS
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