Petronet LNG has announced its highest ever volume throughput of 262 TBTU for any quarter, achieved in the first quarter of the financial year 2024-25. The company has also reported its highest ever Profit Before Tax (PBT) and Profit After Tax (PAT) for the first quarter of any previous financial years.
The volume throughput in Q1 FY 2024-25 grew by 12 per cent compared to the previous quarter (Q4 FY 2023-24) and by 14 per cent compared to the corresponding quarter of the previous year (Q1 FY 2023-24). The PBT and PAT in Q1 FY 2024-25 increased by 53 per cent and 55 per cent respectively over the previous quarter, and by 43 per cent and 45 per cent respectively over the corresponding quarter of the previous year.
During the quarter ended 30th June 2024, the Dahej terminal processed a record 248 TBTU of LNG, compared to 219 TBTU in the previous quarter and 217 TBTU in the corresponding quarter of the previous year, marking a growth of 13 per cent and 14 per cent respectively. The Dahej terminal's capacity utilisation was 109 per cent in the current quarter, up from 97 per cent in the previous quarter and 96 per cent in the corresponding quarter. Overall, Petronet LNG processed 262 TBTU in Q1 FY 2024-25, compared to 234 TBTU in the previous quarter and 230 TBTU in the corresponding quarter, showing growth of 12 per cent and 14 per cent respectively.
The company reported a PBT of Rs 1,520 crore for the current quarter, up from Rs 996 crore in the previous quarter and Rs 1,062 crore in the corresponding quarter, registering growth of 53 per cent and 43 per cent respectively.
The PAT for the current quarter stood at Rs 1,142 crore, compared to Rs 738 crore in the previous quarter and Rs 790 crore in the corresponding quarter, reflecting growth of 55 per cent and 45 per cent respectively. These figures represent the highest ever PBT and PAT reported by the company in the first quarter of any previous financial years.
The company's strong performance is attributed to stable LNG prices, better capacity utilisation of its terminals, and operational efficiency.
