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Press Release

Press Release Q3 2023-24 Financial Results

29 Jan 2024

29th January, 2024

Petronet LNG Ltd

  • Highest ever PBT and PAT in the current quarter Q3, FY 2023-24 of Rs 1,597 Cr and Rs 1,191 Cr respectively.
  • Highest ever PBT and PAT in the current nine months ended on 31st December, 2023, of Rs 3,761 Cr and Rs 2,799 Cr respectively.
  • Growth in PBT and PAT in the current quarter Q3, FY 2023-24, over the PBT and PAT in the Previous quarter Q2, FY 2023-24 by 45% and 46% respectively.
  • Growth in PBT and PAT in the current nine months ended on 31st December, 2023, over the PBT and PAT in the corresponding nine months by 7%.
  • Growth in volume throughput in the current nine months ended on 31st December, 2023 over volume throughput of corresponding nine months by 21%.

During the quarter ended 31st December, 2023 (current quarter), Dahej terminal processed 218 TBTU of LNG as against 154 TBTU during the corresponding quarter ended 31st December, 2022 and 210 TBTU during the previous quarter ended 30th September, 2023. The overall LNG volume processed by the Company in the current quarter was 232 TBTU, as against the LNG volume processed in the corresponding and previous quarters, which stood at 167 TBTU and 223 TBTU respectively.

During the nine months ended 31st December, 2023 (current nine months), Dahej terminal processed 646 TBTU of LNG as against 532 TBTU during the corresponding nine months ended 31st December, 2022. The overall LNG volume processed by the Company in the current nine months was 685 TBTU, as against the LNG volume processed in the corresponding nine months, which stood at 567 TBTU.

The Company has reported PBT of Rs 1,597 Cr in the current quarter, as against Rs 1,586 Crore in the corresponding quarter and Rs 1,102 Cr in the previous quarter. The PAT of the current quarter was reported at Rs 1,191 Cr as against the PAT of the corresponding and previous quarters of Rs 1,181 Cr and Rs 818 Cr respectively.

During the current nine months, the Company has reported highest ever PBT of Rs 3,761 Cr as against the PBT of corresponding nine months of Rs 3,517 Cr. The PAT of the current nine months stood at Rs 2,799 Cr as against Rs 2,626 Cr in the corresponding nine months.

The robust financial performance of the current quarter and nine months was achieved due to efficiency in operations and higher capacity utilization of the Dahej Terminal.