2Q EBIDTA beat estimates by 12%, driven by significantly faster ramp up of Dahej terminal as India energy demand transitions to gas.

Indian gas demand benefits from cheaper imported gas.

Interim dividend of Rs5.5/share and 50% dividend payout ratio indicates that capital allocation concerns are unfounded.

Volume growth is sustainable as Petronet will continue to create capacity in Dahej to cater to increased gas demand from city gas distribution and fertilizer sectors.

The company is a low-risk clean energy play.

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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