Petronet LNG Q1 results, PAT stood at Rs 1142 cr

Petronet LNG has announced the financial result for the first quarter of FY25, the highlights are shown below-

Highest ever volume throughput of 262 TBTU for any quarter, achieved in the current quarter Q1, FY 2024-25.

Highest ever PBT and PAT in the first quarter of any of the previous financial years.

Growth in volume throughput in the current quarter Q1, FY 2024-25over the previous quarter Q4, FY 2023-24and the corresponding quarter Q1, FY 2023-24by 12% and 14% respectively.

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Growth in PBT and PAT in the current quarter Q1, FY 2024-25 over the previous quarter Q4, FY 2023-24by 53% and 55% respectively.

Growth in PBT and PAT in the current quarter Q1, FY 2024-25 over the corresponding quarter Q1, FY 2023-24 by 43% and 45% respectively.

During the current quarter ended 30th June 2024, Dahej terminal processed the highest ever 248TBTU of LNG as against 219 TBTU during the previous quarter ended 31st March, 2024and 217 TBTU during the corresponding quarter ended 30th June 2023, witnessing growth of 13% and 14% respectively.

The Dahej terminal witnessed a capacity utilization of 109% in the current quarter, as against 97% in the previous quarter and 96% in the corresponding quarter. The overall LNG volume processed by the Company in the current quarter was 262 TBTU, as against the LNG volume processed in the previous and corresponding quarters, which stood at 234 TBTU and 230 TBTU, reporting growth of 12% and 14% respectively.

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The Company has reported PBT of Rs 1,520 Cr in the current quarter, as against Rs 996 Crore in the previous quarter and Rs 1,062Cr in the corresponding quarter, registering a growth of 53% and 43% respectively.

The PAT of the current quarter is reported at Rs 1,142 Cr as against the PAT of the previous and corresponding quarters of Rs 738 Cr and Rs 790 Cr respectively, reporting a growth of 55% and 45% respectively. The PBT and PAT of the current quarter are the highest ever reported by the company in the first quarter of any of the previous financial years.

The Company was able to achieve higher throughput and robust financial results owing to stable LNG prices, better capacity utilization of its terminals, and efficiency in its operations.

 

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