Petronet LNG reported an increase of 45 percent in standalone net profit in the fourth quarter of financial year 2024-25 (FY25) at Rs 1,070 crore. The company had reported profit of Rs 737 crore in the same period last year.
Sequentially, PLNG’s net profit zoomed 23.4 percent in Q4. The higher profits were on account of reversal of impairment charge of Rs 234 crore in the quarter.
The revenue from operations came in at Rs 12,315 crore in Q4, lower than Rs 13,793 crore in the same period last year.
The board of directors has recommended final dividend of Rs 3 per share.
In Q4FY25, the company’s Dahej terminal processed 189 TBTU (Trillion British Thermal Unit) of LNG as against 219 TBTU during Q4FY24 and 213 TBTU during Q3FY25. The overall LNG volume processed by the company in Q4 was 205 TBTU, as against 234 TBTU and 228 TBTU in the corresponding and previous quarter, respectively.
Addressing post-results press conference, the company’s managing director Akshay Kumar Singh said lower volumes in the quarter were due to relatively higher LNG prices in the period. He added that there was a gap of $3-$4 per mmBtu in LNG prices in the quarter, as compared to the previous quarter.
Singh added with increased power demand and softening LNG prices, volumes are expected to improve in the current quarter (Q1FY26).
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