Petronet LNG

Net sales (including other operating income) of Petronet LNG has declined 10.71% to Rs 12315.75 crore.  During the quarter ended 31st March, 2025, Dahej terminal processed 189 TBTU (Trillion british thermal units) of LNG as against 219 TBTU during the corresponding quarter ended 31st March, 2024 and 213 TBTU during the previous quarter ended 31st December, 2024. The overall LNG volume processed by the company in the current quarter was 205 TBTU, as against 234 TBTU and 228 TBTU in the corresponding and previous quarters respectively.

During the current quarter, the Offtakers have made payment of outstanding Use or Pay dues of Rs 360.94 crore pertaining to CY 2021.

Operating profit margin has jumped from 8% to 12.28%, leading to 37.04% rise in operating profit to Rs 1,512.34 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 90.18% to 87.95%.   Employee cost increased from 0.34% to 0.38%.   Other expenses fell from 1.48% to 0.61%.

Other income rose 28.48% to Rs 197.4 crore.  PBIDT rose 36% to Rs 1709.74 crore.  Provision for interest fell 13.99% to Rs 60.85 crore.  Loan funds declined from Rs 3,008.10 crore as of 31 March 2024 to Rs 2,656.58 crore as of 31 March 2025.  Inventories declined from Rs 1,465.44 crore as of 31 March 2024 to Rs 1,204.42 crore as of 31 March 2025.  Sundry debtors were lower at Rs 3,266.89 crore as of 31 March 2025 compared to Rs 3,626.08 crore as of 31 March 2024.  Cash and bank balance rose to Rs 9,104.44 crore as of 31 March 2025 from Rs 7,414.20 crore as of 31 March 2024.  Investments rose to Rs 1,711.87 crore as of 31 March 2025 from Rs 616.68 crore as of 31 March 2024 . 

PBDT rose 38.98% to Rs 1648.89 crore.  Provision for depreciation rose 5.84% to Rs 205.78 crore.  Fixed assets increased to Rs 10,471.05 crore as of 31 March 2025 from Rs 9,696.96 crore as of 31 March 2024.  Intangible assets increased from Rs 2.41 crore to Rs 6.70 crore. 

Profit before tax grew 45.47% to Rs 1,443.11 crore.  Share of profit/loss was 10.01% lower at Rs 27.32 crore.  Provision for tax was expense of Rs 375.53 crore, compared to Rs 257.96 crore.  Effective tax rate was 25.54% compared to 25.23%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 43.23% to Rs 1,094.90 crore. 

The robust financial performance of the current financial year was achieved due to efficiency in operations and higher capacity utilization.

Equity capital stood at Rs 1,500.00 crore as of 31 March 2025 to Rs 1,500.00 crore as of 31 March 2024.  Per share face Value remained same at Rs 10.00. 

Promoters' stake was 50.00% as of 31 March 2025 ,compared to 50.00% as of 31 March 2024 . 

Full year results analysis

Net sales (including other operating income) of Petronet LNG has declined 3.31% to Rs 50982.03 crore.  During the year ended 31st March, 2025 (current financial year), Dahej terminal processed LNG volume of 876 TBTU as against 865 TBTU during the previous financial year ended 31st March, 2024. During the current financial year, the overall LNG volume processed by the company was highest ever, which stood at 934 TBTU, as against the LNG volume of 919 TBTU processed in the previous financial year.

Operating profit margin has jumped from 9.87% to 10.84%, leading to 6.12% rise in operating profit to Rs 5,524.15 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 88.12% to 86.89%.   Employee cost increased from 0.37% to 0.43%.   Other expenses rose from 1.64% to 1.84%.  

Other income rose 27.04% to Rs 772.97 crore.  PBIDT rose 8.31% to Rs 6297.12 crore.  Provision for interest fell 10.92% to Rs 258.04 crore.  Loan funds declined from Rs 3,008.10 crore as of 31 March 2024 to Rs 2,656.58 crore as of 31 March 2025.  Inventories declined from Rs 1,465.44 crore as of 31 March 2024 to Rs 1,204.42 crore as of 31 March 2025.  Sundry debtors were lower at Rs 3,266.89 crore as of 31 March 2025 compared to Rs 3,626.08 crore as of 31 March 2024.  Cash and bank balance rose to Rs 9,104.44 crore as of 31 March 2025 from Rs 7,414.20 crore as of 31 March 2024.  Investments rose to Rs 1,711.87 crore as of 31 March 2025 from Rs 616.68 crore as of 31 March 2024 . 

PBDT rose 9.32% to Rs 6039.08 crore.  Provision for depreciation rose 3.82% to Rs 806.21 crore.  Fixed assets increased to Rs 10,471.05 crore as of 31 March 2025 from Rs 9,696.96 crore as of 31 March 2024.  Intangible assets increased from Rs 2.41 crore to Rs 6.70 crore. 

Profit before tax grew 10.22% to Rs 5,232.87 crore.  Share of profit/loss was 29.23% lower at Rs 88.76 crore.  Provision for tax was expense of Rs 1348.95 crore, compared to Rs 1220.66 crore.  Effective tax rate was 25.35% compared to 25.05%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 8.77% to Rs 3,972.68 crore. 

Equity capital stood at Rs 1,500.00 crore as of 31 March 2025 to Rs 1,500.00 crore as of 31 March 2024.  Per share face Value remained same at Rs 10.00. 

Promoters' stake was 50.00% as of 31 March 2025 ,compared to 50.00% as of 31 March 2024 . 

Cash flow from operating activities decreased to Rs 4,397.92 crore for year ended March 2025 from Rs 4,871.12 crore for year ended March 2024.  Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 1,456.89 crore, compared to Rs 841.42 crore during the year ended March 2024. 

The scrip is trading at Rs 320 at BSE

  

Petronet LNG : Consolidated Results
Particulars	2503 (03)	2403 (03)	Var.(%)	2503 (12)	2403 (12)	Var.(%)
Net Sales	12,315.75	13,793.16	-11	50,982.03	52,729.33	-3
OPM (%)	12.3	8.0		10.8	9.9
OP	1,512.34	1,103.56	37	5,524.15	5,205.45	6
Other Inc.	197.4	153.64	28	772.97	608.46	27
PBIDT	1,709.74	1,257.20	36	6,297.12	5,813.91	8
Interest	60.85	70.75	-14	258.04	289.67	-11
PBDT	1,648.89	1,186.45	39	6,039.08	5,524.24	9
Depreciation	205.78	194.42	6	806.21	776.56	4
PBT	1,443.11	992.03	45	5232.87	4747.68	10
Share of Profit/(Loss) from Associates	27.32	30.36	-10	88.76	125.42	-29
PBT before EO	1470.43	1022.39	44	5321.63	4873.1	9
EO Income	0	0	-	0	0	-
PBT after EO	1470.43	1022.39	44	5321.63	4873.1	9
Taxation	375.53	257.96	46	1348.95	1220.66	11
PAT	1094.9	764.43	43	3972.68	3652.44	9
Minority Interest (MI)	0	0	-	0	0	-
Net profit	1094.9	764.43	43	3972.68	3652.44	9
EPS (Rs)*	#	#		26.5	24.4
Notes
* EPS is on current equity of Rs 1,500.00 crore, Face value of Rs 10, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database