Petronet LNG Limited | |
Corporate Identity Number: L74899DL 1998PLC093073 | |
First Floor, World Trade Center, Babar Road, | Barakhamba Lane, |
New Delhi 110001 |
Statement of Unaudited Standalone | financial results for quarter and nine months ended 31st December, 2021 | ||||
(Alf amounts are Rupees in lac. unless otherwise | slated) | Quarter Ended | Nine month Ended | ||
Particulars | |||||
31-Dec-20 | |||||
31-Dec-21 | 30-Sep-21 | 31-Dec-20 | 31-Dec-21 | ||
Un-audited | |||||
Un-audited | Un-audited | Un-audited | Un-audited |
Year Ended
31-Mar-21
Audited
-
Revenue
Revenue from operations Other incom e
12,59,722 | |
7, | 185 |
I0,81,308 | |
8, | 164 |
7,32 11
, ,
823 106
32,00,820 22,202
18
,44,758 33,900
26,02,290 38,815
Total Revenue
12,66,907
10,89,472 | 7,43 ,929 | 32,23,022 |
18,78,658
26,41,IOS
b.
Expenses Cost of materials consumed Employee benefits expense Finance costs Depreciation and amotization expense OU1er expenses
Total Expenses
I0.69.495 3,528 7,757 19,364 13,484
11 ,13,628
9,26,015 5.608 7.944 19,358 20,000
9,78,925
5,84,337 3,433 8, 150 19.249 I. 1. 524
6,26,693
27,29,465 | |
13 | 425 |
23 | ,704 |
57,883 | |
49,602 | |
28,74,079 |
14,39,983 10,416 25,466 58, 126 33,514
15,67,505
20,68,1 | 50 |
14,711 | |
33,595 | |
78,409 | |
49,475 | |
22 | ,-'4,340 |
- Profit before exceptional items and tax (a-b)
- Exceptional Items
- Profit/ (loss) before tax (c-d)
- Tax expense:
Current tax | |
Deferred tax | |
Total tax expense | |
A | Profit/ (los s) for the pe riod (e-1) |
1,53,279 | 1, | 10,547 |
- | - | |
J,53,279 | 1,10,547 | |
39.402 | 30,598 | |
(475 ) | (2 ,353 ) | |
38,927 | 28,245 | |
1,14,352 | 82,302 |
1,17,236 | 3,48,943 | |
- | - | |
1,17,236 | 3,48,943 | |
29.600 | 93 | ,200 |
(211 ) | (4,478) | |
29 ,389 | 88,722 | |
87,847 | 2,60,221 |
3,11,153 | 3,96,765 |
- | - |
3,11,153 | 3,96,765 |
79,100 | 1.02.500 |
- (672)
78,553 | 1,01,828 |
2,32,600 | 2,94,937 |
Other comprehensive income | to profit or loss | ||||
Items that will not be reclassified | |||||
Remeasurement of defined benefit plans | |||||
Income tax re lati n!?. to remeasurement of defined benefit pl ans | |||||
B | Total other comprehen sive income | for the period | |||
C | Total comprehensive income | for the period (A+ | B) | ||
Paid-up Share Capital | |||||
Other Equity | |||||
Net Worth | |||||
Earnings per equity share (Face value of Rs. 10/- each) | |||||
Basic (Rs.) | |||||
Diluted (R s. ) |
- | - | - | - | |||
- | - | - | - | |||
- | - | - | - | |||
1,14,352 | 82 ,302 | 87,847 | 2,60,221 | |||
1.5 | 0,000 | 1.50.000 | 1,50,000 | 1,50,000 | ||
9,52 .897 | 11,17,671 | |||||
I l , 17,671 | 11 | ,08,319 | ||||
12,67,671 | 12,58,319 | 11,02,897 | 12,67,671 | |||
7.62 | 5.49 | 5.86 | 17.35 | |||
7.62 | 5.49 | 5.86 | 17 | .35 | ||
(not annual ised) |
- | (380) |
- | 96 |
- (284)
2,32,600 | 2,94,653 | ||
1.50.000 | 1,50.000 | ||
9,52,897 | 10, | 14.950 | |
11 | ,02,897 | 11 | .64,950 |
- 19.66
- 19.66
(annuali sed)
Page 2 of 8
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Notes: | the Audit Committee and approved | by | the Board of Directors | of the Company at the meeting held | on 9lh | ||||||||||||||||||||||||||||||||
The above results have been reviewed | by | ||||||||||||||||||||||||||||||||||||
February 202·2. The Statutory auditors of the Company have carried out limited review of the aforesaid | results. | ||||||||||||||||||||||||||||||||||||
The Company primarily operates | in the business of import and processing of liquified natural gas. Accordingly, there is | only one Reportable | egment | ||||||||||||||||||||||||||||||||||
disclosure has been made w.r.t. operating segments. | |||||||||||||||||||||||||||||||||||||
i.e. "Natural Gas Business", hence no specific | |||||||||||||||||||||||||||||||||||||
In view of expected increase | in | capacity utilisation at Kochi terminal, the customers of the Company | are asking for lower regasification | tariff for | Kochi | ||||||||||||||||||||||||||||||||
w.r.t. Kochi terminal with | rcvi ed | ||||||||||||||||||||||||||||||||||||
Term inal w.e.f. 1st April 20 19. | The Company is in discussion with its customers | for | committing additional volumes | ||||||||||||||||||||||||||||||||||
in the books | of | accounts on | |||||||||||||||||||||||||||||||||||
tariff. The likely impact of | the | aforesaid | arrangement cannot | be determined | at this stage and would | be | recognised | ||||||||||||||||||||||||||||||
finalisation and due approval | of the arrangement | ||||||||||||||||||||||||||||||||||||
As per terms of long term regasitication | agreement, the Company has booked | ··Use or Pay charges'" of Rs | 34,778 Lac for Calendar year (CY) 2021 | ||||||||||||||||||||||||||||||||||
of lower capacity utilisation by | its customers and recognised | the same as income in | the profit and loss | ||||||||||||||||||||||||||||||||||
(Rs 5,588 Lac for CY 2020 | ) on account | ||||||||||||||||||||||||||||||||||||
The Company had invoiced | Rs 19,844 Lac (excluding GST) as | · use or Pay charges· | to its 3 customers. over a period of last 4 years (upto | alendar | |||||||||||||||||||||||||||||||||
agreement. Out al | |||||||||||||||||||||||||||||||||||||
of committed regasification facility at the Dahej plant, as per the terms of long-term regasification | |||||||||||||||||||||||||||||||||||||
year 2020) for underutilization | |||||||||||||||||||||||||||||||||||||
paid | under | ||||||||||||||||||||||||||||||||||||
Lac (excluding GST) had been withheld and Rs 5,452 Lac (excluding | GST) has been | ||||||||||||||||||||||||||||||||||||
the above , total amount of | Rs 14,392 | ||||||||||||||||||||||||||||||||||||
based on negotiation and discussion | with one of the customers on the basi:; of higher | ||||||||||||||||||||||||||||||||||||
protest. Pending settlement of the issue | of use or pay charges, | ||||||||||||||||||||||||||||||||||||
of Rs 6,538 lac (excluding | GST) | ||||||||||||||||||||||||||||||||||||
over and above commitments, | net adjustment | ||||||||||||||||||||||||||||||||||||
volumes achieved by the customer in | the other contracts/ location, | ||||||||||||||||||||||||||||||||||||
quarter. | |||||||||||||||||||||||||||||||||||||
w.r.t. revenue booked | in earlier periods had been recognized in the previous | ||||||||||||||||||||||||||||||||||||
of COVID-19. as natural gas is declared | as one | ||||||||||||||||||||||||||||||||||||
The operations of the Company | were not materially interrupted during the lockdown due to outbreak | ||||||||||||||||||||||||||||||||||||
on the carrying amounts | of property. | ||||||||||||||||||||||||||||||||||||
the Government of India. The Company | has evaluated the possible effects | ||||||||||||||||||||||||||||||||||||
of the essential commodities | by | ||||||||||||||||||||||||||||||||||||
determined. | |||||||||||||||||||||||||||||||||||||
basis | the | internal and | external | sources | of | information and | |||||||||||||||||||||||||||||||
plant and equipment, | inventory. loans, | receivables | and | debt | covenants | ||||||||||||||||||||||||||||||||
Considering the above, and the | |||||||||||||||||||||||||||||||||||||
exercising reasonable | estimates | and judgements, | that | the carrying | amounts | of | these assets | are recoverable. | |||||||||||||||||||||||||||||
and the Company will be able to meet its | |||||||||||||||||||||||||||||||||||||
Company's healthy liquidity | position, there | is no uncertainty on the going concern of the Company | |||||||||||||||||||||||||||||||||||
financial obligations over the foreseeable future. | period figures. | ||||||||||||||||||||||||||||||||||||
Previous year/period figures have been regrouped and rearranged to make them comparable with current | |||||||||||||||||||||||||||||||||||||
x | der o~~rd | ||||||||||||||||||||||||||||||||||||
Place : New Delhi | ~ | arMishra | |||||||||||||||||||||||||||||||||||
Director (Finance) | |||||||||||||||||||||||||||||||||||||
Date : 09 February 2022 | |||||||||||||||||||||||||||||||||||||
DlN: 08 1251 44 | |||||||||||||||||||||||||||||||||||||
Page 3 of 8
T R Chadha & Co LLP
Chartered Accountants
Independent Auditor's Review Report on Quarterly and Year to date Unaudited Standalone Financial Results of Petronet LNG Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To the Board of Directors of Petronet LNG Limited
-
We have reviewed the accompanying Statement of unaudited standalone financial results of Petronet LNG Limited (the Company) for the quarter & nine months ended 31st December, 2021 ("the statement"), being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the
Regulations'). - This statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under section 133 of Companies Act 2013 ("the Act") read with relevant rules issued thereunder ('Ind AS') and other accounting principle generally accepted in India. Our responsibility is to express a conclusion on the statements based on our review.
-
We conducted our review of the statement in accordance with the Standards on Review Engagement
(SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). This standard require that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiry of company personnel and analytical procedure applied to financial data and thus provides less assurance than an audit. We have not performed any audit and accordingly, we do not express an audit opinion. - Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principle laid down in the applicable Indian Accounting Standard (Ind As) specified under Section 133 of Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, including the manner in which it is to be disclosed, or that it contains any material misstatement.
For T R Chadha & Co LLP Chartered Accountants
Firm Regn. No. 006711N / N500028
Hitesh Garg (Partner)
Membership No 502955 UDIN - 22502955ABAMRZ5360 Date: 09th February 2022 Place: New Delhi
T R Chadha & Co., a partnership firm converted into T R Chadha & Co LLP
(A limited liability partnership with LLP Identification No. AAF-3926) with effect from 28th December, 2015
Corporate & Regd. Office: B-30, Connaught Place, Kuthiala Building, New Delhi - 110001 | Page 4 of 8 |
Phone : 43259900, Fax : 43259930, E-mail :delhi@trchadha.com | |
Petronet
LNG
Limited
Corporate Identity Number: L74899DL I998PLC093073 First Floor, World Trade Center, Babar Road, Barakhamba Lane,
New Delhi I 1000 I
Statement of llnaudited Consolidated | financial results for quarter and nine months ended 31st December, 2021 | |||||
(All amoun/s are Rupees in lac. unless o/henvise | slated) | Quarter Ended | Nine month Ended | |||
Particulars | ||||||
31-Dec-21 | 30-Sep-21 | 31-Dec-20 | 31-Dec-21 | 31-Dec-20 | ||
Un-audited | Un-audited | Un-audited | Un-audited | Un-audited |
Year Ended
31-Mar-21
Audited
a. | Revenue |
Revenue from | |
Other income |
operations
12,59,722 | 10,81,308 | 7,32,823 | 32,00,820 |
7,192 | 7.587 | 9,967 | 21,636 |
18
,44,758 30,993
26,02,290 35,908
Total Revenue | 12,66,914 | 10,88,895 | 7.42,790 | 32,22,456 | 18,75,751 | 26,38,198 |
b. | Expenses | ||
Cost of materials consumed | |||
Employee benefits expense | |||
Finance costs | |||
Depreciation and amotization expense | |||
Other expenses | |||
Total Expenses | |||
c. | Profit before share of joint ventures, | exceptional items and tax (a-b) | |
d. | Share of profit of equity-accounted | investees, net of tax | |
- Profit before exceptional items and tax (c+d)
- Exceptional Items
- Profit/ (loss) before tax (e-f)
h. | Tax expense: |
Current tax | |
Deferred tax | |
Total tax expense | |
A | Profit/ (loss) for the oeriod (g-h) |
10,69,495 | 9,26,015 | 5,84,337 | 27,29,465 |
3,560 | 5,619 | 3,433 | 13,468 |
7,757 | 7,944 | 8,150 | 23.704 |
19,364 | 19,358 | 19,249 | 57,883 |
13,484 | 20,003 | 11,524 | 49,880 |
11,13,660 | 9,78,939 | 6,26,693 | 28,74,400 |
1,53,254 | 1,09,956 | 1,16,097 | 3,48,056 |
1,612 | 49 | 1,497 | 5,303 |
1,54,866 | 1,10,005 | 1,17,594 | 3,53,359 |
- | - | - | - |
1,54,866 | 1,10,005 | 1,17,594 | 3,53,359 |
39,326 | 30,598 | 29,600 | 93,124 |
(406) | (2,354) | (211) | (4,478) |
38,920 | 28,244 | 29,389 | 88,646 |
1,15,946 | 81,761 | 88,205 | 2,64,713 |
14,39,983 | 20,68,150 |
10,416 | 14,711 |
25,466 | 33,595 |
58,126 | 78,409 |
33,514 | 49,475 |
15,67,505 | 22,44,340 |
3,08,246 | 3,93,858 |
438 | 1,893 |
3,08,684 | 3,95,751 |
- | - |
3,08,684 | 3,95,751 |
79,100 | 1,02,500 |
(547) | (672) |
78,553 | 1,01,828 |
2,30,131 | 2,93,923 |
Other comprehensive income | |||
Items that will not be reclassified to profit or loss | |||
Remeasurement of defined benefit plans | |||
Income tax relating to remeasurement | of defined benefit plans | ||
Share of.IV | |||
B | Total other comprehensive income for the period | ||
C | Total comorehensive income for the oeriod (A+ | B) | |
Paid-up Share Capital | |||
Other Equity | |||
Net Worth | |||
Earnings per equity share (Face value of Rs. 10/- each) | |||
Basic (Rs .) | |||
Diluted (Rs.) |
- | - | - | - |
- | - | - | - |
(2) | (5) | (6) | |
(2) | (5) | - | (6) |
1,15,944 | 81,756 | 88,205 | 2,64,707 |
1,50,000 | 1,50,000 | 1,50,000 | 1,50,000 |
11,37,897 | 11,26,953 | 9,67,223 | I 1,37,897 |
12,87,897 | 12,76,953 | 11,17,223 | 12,87,897 |
7.73 | 5.45 | 5.88 | 17.65 |
7.73 | 5.45 | 5.88 | 17.65 |
nm an nualised) |
- | (380) |
- | 96 |
(41) | |
- | (325) |
2,30,131 | 2,93,598 |
1,50,000 | 1,50,000 |
9,67,223 | 10,30,690 |
11,17,223 | 11,80,690 |
15.34 19.59
15.34 19.59
(annualised)
Page 5 of 8
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Petronet LNG Ltd. published this content on 09 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2022 14:18:06 UTC.