Lingering Use or Pay concerns cloud outlook

Company
24 May 2024
5 Min read 
  • Petronet LNG recorded in line EBITDA of INR11b during the quarter.
  •  The company booked additional provisions of INR0.4b with respect to Use or Pay (UoP) charges.
  •  The Dahej terminal is expected to be expanded by Mar25.
  •  The management highlighted that the Kochi terminal utilization should improve.
  •  Petronet LNG's volume utilization has improved substantially in FY24 amid weaker spot LNG prices.
  •  The company has recommended a final dividend of INR3/share (30% of FV).
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