Petronet LNG Reports Q2 Net Profit of ₹849 Crore Driven by Capacity Utilization.

State-run Petronet LNG announced a 4% year-on-year increase in its consolidated net profit, reaching approximately ₹849 crore for the second quarter of FY25. This growth is attributed to stable liquefied natural gas (LNG) prices and improved capacity utilization, although it represents a 23% decline compared to the previous quarter.

The company reported consolidated total income of around ₹13,226 crore for the period of July to September FY25, a slight decrease from ₹13,593 crore in the previous quarter and an increase from ₹12,686 crore in the same quarter last year.

Total expenses for the quarter were recorded at ₹12,084 crore, compared to ₹12,114 crore in Q1 FY25 and ₹11,587 crore in Q2 FY24.

Petronet highlighted that the strong financial performance was driven by operational efficiencies and higher capacity utilization at its Dahej terminal. In light of its performance, the board of directors has approved an interim dividend of ₹7 per share.

During Q2 FY25, the Dahej terminal processed 225 trillion British thermal units (tBtu) of LNG, up from 210 tBtu in Q2 FY24 but down from 248 tBtu in Q1 FY25. Overall, the company processed a total of 239 tBtu of LNG during the quarter, compared to 223 tBtu in the same quarter last year and 262 tBtu in the previous quarter.

For the first half of FY25, the Dahej terminal achieved a record processing volume of 473 tBtu of LNG, compared to 428 tBtu in H1 FY24, while the total LNG volume processed by Petronet during the same period reached 501 tBtu, up from 453 tBtu year-on-year.

HBL