Petronet LNG has posted unprecedented profits and substantial growth in volume throughput. Financially, the company has performed with its highest-ever Profit Before Tax (PBT) and Profit After Tax (PAT) of Rs 4,757 cr and Rs 3,536 cr, respectively.
Key highlights of outstanding performance of Petronet LNG in FY 2023-24 include:
* A remarkable 22 per cent growth in volume throughput compared to FY 2022-23.
• Achieving the highest volume throughput in Q4, FY 2023-24, which touched an incredible 234 TBTU.
* 26 per cent growth in volumes throughput during the current quarter (Q4, FY 2023-24) over the corresponding quarter in the previous fiscal year.
Furthermore, the company achieved its highest-ever PBT for Q4 in FY 2023-24, amounting to Rs 996 crore, marking a notable 22 per cent growth over the corresponding quarter in the previous fiscal year. Similarly, the PAT for Q4, FY 2023-24, increased by 20 per cent compared to the corresponding quarter in FY 2022-23.
During the current quarter, which ended on 31 March 2024, the Dahej terminal processed 219 TBTU of LNG, representing a noticeable increase compared to the previous and corresponding quarters. Moreover, for the entire financial year ended on 31 March 2024, the Dahej terminal processed 865 TBTU of LNG, showcasing substantial growth compared to the previous financial year.
The company's robust financial performance is attributable to stable LNG prices and its relentless pursuit of operational efficiency and optimisation. As a testament to the exceptional results, the Board of Directors of Petronet LNG has approved a final dividend of Rs 3 per share.
The notable achievements of Petronet LNG in FY 2023-24 exemplify its unwavering dedication to excellence and financial prudence, positioning the company as a leader in the LNG industry.
