{"id":368552,"date":"2020-08-19T10:21:53","date_gmt":"2020-08-19T04:51:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=368552"},"modified":"2020-08-19T10:21:53","modified_gmt":"2020-08-19T04:51:53","slug":"petronet-lng-stock-ignites-after-q1fy21-earnings-beat-estimates","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/petronet-lng-stock-ignites-after-q1fy21-earnings-beat-estimates\/","title":{"rendered":"Petronet LNG stock ignites after Q1FY21 earnings beat estimates"},"content":{"rendered":"<p>Shares of Petronet LNG Ltd rose about 4% in early deals on NSE on Tuesday following the company\u2019s June quarter results.<\/p>\n<p>The liquefied natural gas (LNG) importer\u2019s standalone Q1 net profit came in at \u20b9520 crore, above \u20b9487.90 crore that a Bloomberg poll of analysts had estimated. Petronet\u2019s June quarter net profit fell 7% year-on-year at a time when revenues have decreased at a much sharper rate of 43%.<\/p>\n<p>According to analysts, higher-than-expected volumes and margins drive the earnings beat for the June quarter.<\/p>\n<p>Petronet\u2019s flagship Dahej terminal processed 181 tBtu (trillion British thermal units) of LNG compared to 206 tBtu of LNG processed during the March quarter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Petronet LNG Ltd rose about 4% in early deals on NSE on Tuesday following the company\u2019s June quarter results. The liquefied natural gas (LNG) importer\u2019s standalone Q1 net profit came in at \u20b9520 crore, above \u20b9487.90 crore that a Bloomberg poll of analysts had estimated. Petronet\u2019s June quarter net profit fell 7% year-on-year at a time when revenues have decreased at a much sharper rate of 43%. According to analysts, higher-than-expected volumes and margins drive the earnings beat for the June quarter. Petronet\u2019s flagship Dahej terminal processed 181 tBtu (trillion British thermal units) of LNG compared to 206 [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-368552","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368552","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=368552"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/368552\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=368552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=368552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=368552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}