Petronet LNG Reports Rs 1,989 Cr Net Profit In H1FY25

Driven by the efficiency in operations and higher capacity utilisation of the Dahej Terminal, Petronet LNG has reported its highest ever net profit (profits after tax) of Rs 1,989 crore in the first half of the current year (H1FY25). The Company has reported PBT (profits before tax) of Rs 1,140 Cr in the current quarter, as against Rs 1,102 Crore in the corresponding quarter and Rs 1,520 Cr in the previous quarter.

The company managed to achieve highest ever half yearly volume throughput in the current half year of 501 TBTU’s. In addition, the growth in throughput in Dahej Terminal in H1FY25 over the corresponding half year (H1, FY 2023-24) is of 11 per cent. Growth in PBT and PAT in the current half year, over the PBT and PAT in the corresponding H1 is by 23 per cent and 24 per cent, respectively.

During the quarter ended 30th September 2024, Dahej terminal processed 225 TBTU of LNG as against 210 TBTU during the corresponding quarter ended 30th September, 2023 and 248 TBTU during the previous quarter ended 30th June, 2024. The overall LNG volume processed by the Company in the current quarter was 239 TBTU’s, as against the LNG volume processed in the corresponding and previous quarters, which stood at 223 TBTU’s and 262 TBTU’s respectively.

During H1FY25, Dahej terminal processed highest ever 473 TBTU’s of LNG as against 428 TBTU’s during the corresponding half year ended 30th September, 2023. The highest ever overall LNG volume processed by the Company in the current half year was 501 TBTU’s, as against the LNG volume processed in the corresponding half year, which stood at 453 TBTU’s.

The PAT of the current quarter was reported at Rs 848 Cr as against the PAT of the corresponding and previous quarters of Rs 818 Cr and Rs 1,142 Cr respectively. During the current half year, the Company has reported highest ever PBT, of Rs 2,660 Cr as against the PBT of corresponding half year of Rs 2,164 Cr. The PAT of the current half year stood at Rs 1,989 Cr as against the Rs 1,608 Cr in the corresponding half year.

Growth in throughput in Dahej Terminal in Q2FY25 over Q2FY24 is by 7 per cent. Growth in PBT and PAT in the current quarter over the PBT and PAT in the corresponding quarter by 3 per cent and 4 per cent, respectively. Considering the performance, the Board of Directors of the Company has approved a interim dividend of Rs 7/- per share.