Press Release

22nd May, 2024

Petronet LNG Ltd

  • Highest ever PBT and PAT in FY 2023-24 of Rs 4,757 Cr and Rs 3,536 Cr respectively.
  • Growth in volume throughput of FY 2023-24 over volume throughput of FY 2022-23 by 22%.
  • Highest ever volume throughput for Q4, achieved in the Q4, FY 2023-24, of 234 TBTU.
  • Growth in volume throughput in the current quarter Q4, FY 2023-24 over the corresponding quarter Q4, FY 2022-23 by 26%.
  • Highest ever PBT for Q4, achieved in the Q4, FY 2023-24 of Rs 996 Cr.
  • Growth in PBT and PAT in the current quarter Q4, FY 2023-24 over the corresponding quarter Q4, FY 2022-23 by 22% and 20% respectively.

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During the current quarter ended 31st March, 2024, Dahej terminal processed 219 TBTU of LNG as against 218 TBTU during the previous quarter ended 31st December, 2023 and 172 TBTU during the corresponding quarter ended 31st March, 2023. The overall LNG volume processed by the Company in the current quarter was 234 TBTU, as against the LNG volume processed in the previous and corresponding quarters, which stood at 232 TBTU and 185 TBTU respectively.

During the current financial year ended 31st March, 2024, Dahej terminal processed 865 TBTU of LNG as against 704 TBTU processed during the previous financial year ended 31st March, 2023. The overall LNG volume processed by the Company in the current financial year was 919 TBTU, as against the LNG volume processed in the previous financial year, which stood at 752 TBTU.

The Company has reported PBT of Rs 996 Cr in the current quarter, as against Rs 1,597 Crore in the previous quarter and Rs 818 Cr in the corresponding quarter. The PAT of the current quarter is reported at Rs 738 Cr as against the PAT of the previous and corresponding quarters of Rs 1,191 Cr and Rs 614 Cr respectively. Â

The Company has reported highest ever PBT and PAT of Rs 4,757 Cr and 3,536 Cr in the current financial year as against Rs 4,335 Cr and Rs 3,240 Cr respectively in the previous financial year.

The Company was able to achieve robust financial results riding on stable LNG prices and achieving efficiency and optimization in its operation.

Considering the robust performance, the Board of Directors of the Company has approved final dividend of Rs 3 per share.

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Petronet LNG Ltd. published this content on 22 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 May 2024 12:28:03 UTC.