Petronet LNG Ltd

(PETRONET)

Petronet LNG Signs $7.5 Billion MOU with Tellurian - 08 Nov, 2024

Petronet LNG Ltd has signed a $7.5 billion memorandum of understanding with Tellurian Inc to negotiate the purchase of up to 5 million tonnes of LNG annually from the Driftwood project.

Petronet LNG Declares Interim Dividend of Rs 7 - 07 Nov, 2024

Petronet LNG Limited has declared an interim dividend of Rs 7 per share for the fiscal year 2024-25, with a record date of November 8, 2024. The stock is currently trading at Rs 345.85, showing varied performance trends over recent months.

Petronet LNG Announces Interim Dividend Adjustment - 04 Nov, 2024

Petronet LNG Ltd has set November 08, 2024, as the record date for an interim dividend of Rs. 7 per share. Adjustments to Futures and Options contracts will occur on November 07, 2024, reflecting the dividend deduction.

Deepak Phenolics Secures Long-Term Supply from Petronet LNG - 29 Oct, 2024

Deepak Phenolics Limited has finalized a 15-year supply agreement with Petronet LNG for 250,000 tonnes of Propylene and 11,000 tonnes of Hydrogen annually, commencing upon first delivery. This partnership marks a significant commitment in India's petrochemical sector.

Petronet LNG Reports Growth in Sales and Profit - 28 Oct, 2024

Petronet LNG's September 2024 net sales increased by 3.92% YoY to Rs 13,024.29 crore, with a net profit of Rs 870.61 crore. However, analysts maintain a negative outlook due to high valuations and competition concerns.

Petronet LNG Reports Mixed Q2 Results - 27 Oct, 2024

Petronet LNG's Q2FY25 EBITDA fell 9% short of estimates at INR12b, while PAT met expectations at INR8.5b. Dahej utilization decreased, and expansion plans face delays in securing anchor customers. The target price is set at INR385 with a Neutral rating.

Petronet LNG Reports Q2 Growth Amid Challenges - 25 Oct, 2024

Petronet LNG's Q2 net profit rose 4% YoY to Rs 848 crore, supported by strong Dahej terminal utilization. Despite challenges, analysts maintain positive outlook with Buy ratings and target price increases.

Petronet LNG Reports Q2 Profit Growth Amid Decline - 24 Oct, 2024

Petronet LNG's Q2 FY25 net profit rose 4% YoY to ₹849 crore, despite a 23% sequential decline. Revenue increased 4% YoY, and an interim dividend of ₹7 per share was declared. The Dahej terminal processed record LNG volumes, contributing to operational efficiency.

Petronet LNG Faces Downward Pressure Amid Support Testing - 23 Oct, 2024

Petronet LNG stock is currently priced at Rs 344, with a downside risk of 7.9%. It is testing support at Rs 332, while facing resistance between Rs 348 and Rs 365. Negative divergence on momentum oscillators suggests potential downward pressure, with a possibility of dropping to Rs 317.

Petronet LNG Q2 Earnings Forecast Released - 10 Oct, 2024

PL Capital estimates Petronet LNG's Q2 net profit to rise 0.9% YoY to Rs. 830 crore, with net sales expected to increase by 16.8% YoY to Rs. 14,640 crore.