EconomyCompanies
Petronet LNG's quarterly profit jumps 54% to ₹1,235 crore, ₹7 dividend declared
The operator of India's largest LNG import terminal earned more in the September quarter even as revenue fell sharply, and its board approved an interim dividend of ₹7 a share.
Key points
- Petronet LNG's consolidated profit rose 54% to ₹1,234.63 crore.
- Revenue fell to ₹7,200.35 crore from ₹11,009.13 crore a year earlier.
- The board declared an interim dividend of ₹7 a share.
Petronet LNG, which imports liquefied natural gas through terminals at Dahej and Kochi, on Monday reported a 54% jump in September-quarter profit, and its board approved an interim dividend for shareholders.
Consolidated profit for the quarter ended 30 September came to ₹1,234.63 crore, against ₹801.88 crore a year earlier. On a standalone basis, profit was ₹1,235.40 crore, up from ₹805.75 crore.
The higher profit came on a smaller top line. Revenue fell to ₹7,200.35 crore from ₹11,009.13 crore in the same quarter last year.
₹7 a share for investors
The board declared an interim dividend of ₹7 a share on a face value of ₹10 for 2026-27. The company said the record date and the payment date will be announced later. It paid the same ₹7 interim dividend a year ago.
Claims in the notes
The results carried an emphasis of matter from the auditors, V Sankar Aiyar & Co, on two items. Vessel owners have raised arbitration claims of ₹625.42 crore over suspended operations, which Petronet says are not tenable. The notes also list “use or pay” dues with a gross value of ₹408.23 crore.
Petronet runs India’s largest LNG import and regasification terminal at Dahej. Its promoters are the state-run companies BPCL, Indian Oil, GAIL and ONGC. The results came after the stock market closed for the day.