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Petronet LNG tops Q1FY27 expectations on trading gains; Nomura keeps Buy with Rs 345 target

AI Market Summary
Petronet LNG's Q1FY27 results were boosted by trading and inventory gains, lifting reported EBITDA and PAT, while underlying volumes softened amid Qatar Gas disruptions and a shift toward tolling revenue. Nomura maintained a "Buy" with an unchanged target, but key near-term sensitivities include the blocked Strait of Hormuz and contract renewal for Qatar-linked supply. Broader market impact appears limited beyond energy-flow risk context.
Impact level
● Low
Affected assets
NCCO1OILBRENT2USD/USDT-1.92%
AI Insight · NCCO1OILBRENT2USD/USDTAI Insight
● Neutral
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Petronet LNG reported Q1FY27 EBITDA of Rs 16.3 billion, up 20% quarter-on-quarter and 26% year-on-year, helped by trading gains. Adjusted EBITDA stood at Rs 12.6 billion, beating Nomura’s estimate by 8%, while trading and inventory gains were Rs 3 billion and Rs 1.9 billion, respectively. Profit after tax came in at Rs 11.3 billion, up 33% year-on-year. Nomura maintained its “Buy” rating with a target price of Rs 345.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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