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Press Release - Q2 2022-23 Financial Results
10-Nov-2022

Press Release

10th November, 2022

Petronet LNG Ltd

  • Highest ever Turnover in the current quarter Q2, FY 2022-23 and current half year H1, FY 2022-23 of Rs 15,986 Cr and Rs 30,250 Cr respectively
  • Growth in turnover in the current quarter Q2, FY 2022-23, over turnover in the corresponding quarter Q2, FY 2021-22 and previous quarter Q1, FY 2022-23, by 48% and 12% respectively
  • Growth in PBT and PAT in the current quarter Q2, FY 2022-23, over the PBT and PAT in the previous quarter Q1, FY 2022-23 by 6%

During the quarter ended 30th Septemberí 2022 (current quarter), Dahej terminal processed 182 TBTU of LNG as against 196 TBTU during the previous quarter ended 30th June, 2022 and 225 TBTU during the corresponding quarter ended 30th September, 2021. The overall LNG volume processed by the Company in the current quarter was 192 TBTU, as against the LNG volume processed in the previous and corresponding quarters, which stood at 208 TBTU and 240 TBTU respectively.

The Company has reported PBT of Rs 994 Cr in the current quarter, as against Rs 937 Crore in the previous quarter and Rs 1,105 Cr in the corresponding quarter. The PAT of the current quarter was reported at Rs 744 Cr as against the PAT of the previous and corresponding quarters of Rs 701 Cr and Rs 823 Cr respectively.

The Company reported highest ever turnover of Rs 15,986 Cr in the current quarter, as against Rs 14,264 Cr in the previous quarter and Rs 10,813 Cr in the corresponding quarter. The Company reported highest ever turnover of Rs 30,250 Cr in the current half year H1, FY 2022-23 as against Rs 19,411 Cr in the corresponding half year H1, FY 2021-22, registering a growth of 56%.

Due to foreign exchange volatility, the lease liability has an accounting impact of foreign exchange loss amounting to Rs 98 Cr, as per the provisions of the relevant Indian Accounting Standards (Ind AS).

Considering the performance, the Board of Directors of the Company has approved a special interim dividend of Rs 7.00 per share.

The Company was able to achieve robust financial results despite high LNG prices, owing to optimization in its operation.



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