Press Release Q2 2023-24 Financial Results
30-Oct-2023

Press Release

30th October, 2023

Petronet LNG Ltd

  • Highest ever PBT in 'H1' in the current half year H1, FY 2023-24 of Rs 2,164 Cr.
  • Growth in throughput in Dahej Terminal in the current half year H1, FY 2023-24 over the corresponding half year H1, FY 2022-23 by 13%.
  • Growth in PBT and PAT in the current half year, over the PBT and PAT in the corresponding half year by 12% and 11% respectively.
  • Growth in PBT and PAT in the current quarter Q2, FY 2023-24, over the PBT and PAT in the corresponding quarter Q2, FY 2022-23 by 11% and 10% respectively.
  • Growth in PBT and PAT in the current quarter Q2, FY 2023-24, over the PBT and PAT in the previous quarter Q1, FY 2023-24 by 4%.

During the quarter ended 30th September, 2023 (current quarter), Dahej terminal processed 210 TBTU of LNG as against 182 TBTU during the corresponding quarter ended 30th September, 2022 and 217 TBTU during the previous quarter ended 30th June, 2023. The overall LNG volume processed by the Company in the current quarter was 223 TBTU, as against the LNG volume processed in the corresponding and previous quarters, which stood at 192 TBTU and 230 TBTU respectively.

During the half year ended 30th September, 2023 (current half year), Dahej terminal processed 427 TBTU of LNG as against 378 TBTU during the corresponding half year ended 30th September, 2022. The overall LNG volume processed by the Company in the current half year was 453 TBTU, as against the LNG volume processed in the corresponding half year, which stood at 400 TBTU.

The Company has reported PBT of Rs 1,102 Cr in the current quarter, as against Rs 994 Crore in the corresponding quarter and Rs 1,062 Cr in the previous quarter. The PAT of the current quarter was reported at Rs 818 Cr as against the PAT of the corresponding and previous quarters of Rs 744 Cr and Rs 790 Cr respectively.

During the current half year, the Company has reported highest ever PBT in H1, of Rs 2,164 Cr as against the PBT of corresponding half year of Rs 1,931 Cr. The PAT of the current half year stood at Rs 1,608 Cr as against the Rs 1,445 Cr in the corresponding half year.

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

The robust financial performance of the current quarter and half year was achieved due to efficiency in operations and higher capacity utilization of the Dahej Terminal, that remained consistently above 90% in the current quarter and half year, taking huge leap from the utilization level in FY 2022-23 that was below 80%.



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