Shares of Petronet LNG declined 7 per cent to Rs 229.55 on the BSE in intra-day trade on Wednesday after the firm reported a disappointing set of numbers for the March quarter (Q4FY21). The stock had hit a 52-week low of Rs 207 on October 14, 2020.
The state-owned oil marketing and distribution company reported an 11.6 per cent year-on-year (YoY) decline in consolidated revenue from operations at Rs 7,575 crore and total volumes were flattish YoY (down 7.2 per cent QoQ) at 218 tbtu. The company’s reported profit after tax was up 73.6 per cent YoY at Rs 623.4 crore.
Blended margins were at Rs 59.3/mmbtu and EBITDA (earnings before interest, taxes, depreciation, and amortisation) was at Rs 1091.1, up 56.4 per cent YoY, due to higher opex in Q4FY20.
