![Petronet LNG: Buy For 34% Return On Investment](http://rakesh-jhunjhunwala.in/wp-content/uploads/2012/08/Petronet-LNG-190-150x150.jpg)
Petronet LNG’s Q1FY13 results were ahead of our estimates on bottom-line front despite a lower than expected regassification volume. In the quarter, sales increased 52.1% Y-o-Y and 10.3% sequentially to Rs. 70.3 bn while PAT increased 5.5% Y-o-Y and 10.5% sequentially to Rs. 2.71 bn, ahead of our estimates of Rs. 2.42 bn, on account of higher than expected margins
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