Petronet LNG is a government company engaged in importing LNG having two terminals in Dahej and Kochi. The installed capacity of both these facilities is 15 MMTPA and 5 MMTPA, respectively. In Q1FY19, the increased capacity utilisation at Dahej facility led to 15 per cent YoY growth in volumes and 42 per cent YoY growth in revenue. The company intends to expand this capacity to 17.5 MMTPA by H1FY20, which would further drive the topline. The volumes at Kochi terminal are set to increase as demand of pipeline connectivity from Tamil Nadu and Karnataka is rising. The operating profit and net profit were up by 25.6 per cent and 34 per cent YoY during the quarter. It is also planning to set up 20 LNG stations in India. Considering the robust growth and capacity expansion, we recommend it as a BUY.