New Delhi: Petronet LNG’s profits nearly jumped halfway through the quarter ended March, driven by “operational efficiency and higher capacity utilization”.
The company reported consolidated net profit in the quarter rose 45.4% year-on-year. ₹According to its exchange application, it is 106.758 billion. Profit after tax ₹734.07 million a year ago.
The total revenue during the company review period is ₹12,513 million, 10.28% lower ₹$1394.68 billion was earned in the fourth quarter of FY24. Despite the decline in revenue, its profits rose due to lower spending.
Gail Ltd’s joint venture, Bharat Petroleum Corp. Ltd, Indian Oil Corp. Ltd and ONGC’s joint venture reported a 14.5% year-on-year decrease in expenses ₹11,070.04 million. in this case ₹March quarter was 108.3161 million ₹12,438.47 million a year ago.
During the quarter, some external product or gas buyers paid outstanding payments of value ₹Rs 360.94 crore related to 2021, which increases Petronet’s revenue and profits.
Dahej terminals processed LNG’s 189 trillion British hotline unit (TBTU) this quarter, 219 TBTU a year ago and 213 TBTU the previous quarter. The company processed a total LNG volume of 205 TBTU in January and 234 TBTU in the same quarter of the previous fiscal year.
Petronet LNG’s net profit increased by 10.11% in fiscal year 2024-25 (FY25). ₹38.8392 million ₹The previous fiscal year was 35.27.02 million.
In the last fiscal year, the LNG volume of Dahej terminals processed was 876 TBTU, compared with 865 TBTU in fiscal year 24. Its overall LNG volume rose to its highest ever at 934 TBTU in FY25, compared with 919 TBTU in the last fiscal year.
“Considering strong performance, the company’s board of directors recommends final dividends ₹3 per share,” Petronet LNG statement said.
The company’s stock on BSE rose 0.03% ₹Monday 320.75.
