Petronet LNG Limited reported a net profit of INR805.75 crores, a 5% year-on-year decrease, primarily due to lower LNG volumes. Revenue from operations stood at INR11,009 crores, down 15% year-on-year. EBITDA reached INR1,117 crores, with a margin of approximately 10%. The company declared an interim dividend of Rs.7 per share. Kochi terminal achieved its highest-ever capacity utilization at 27%. Dahej terminal processed 211 TBTU.
Financial Performance
In Q2 FY’26, Petronet LNG Limited’s financial performance included:
- Net profit: INR805.75 crores (down 5% year-on-year)
- Revenue from operations: INR11,009 crores (down 15% year-on-year)
- EBITDA: INR1,117 crores with a margin of around 10%
- Interim dividend declared: Rs.7 per share
Operational Highlights
Key operational highlights from the earnings call included:
- Kochi Terminal: Achieved a record capacity utilization of 27% during the quarter.
- Dahej Terminal: Processed 211 TBTU. Expansion activities are underway, with plans to add 5 MMTPA capacity by March 2026.
Dahej Expansion
The expansion of the Dahej terminal is progressing, with an expected capacity addition of 5 MMTPA by March 2026. The company is actively engaging with various companies to secure commitments for the expanded infrastructure. Civil work has commenced on the petrochemical expansion project, and major long lead item packages have been awarded.
Gopalpur Terminal
Petronet LNG has already acquired land for the Gopalpur terminal. Due to a change from FSRU to a land-based terminal, the environmental clearance (EC) is being resubmitted, with expectations of clearance soon.
Long-Term LNG Deals
Many Indian companies, including Torrent, IOC, GAIL, BPCL, and GSPC, have tied up long-term LNG volumes, which will help sustain Petronet’s existing business. An increase in LNG supply is expected by the end of 2027 and early 2028, potentially leading to more affordable spot prices for Indian consumers.
Qatar Energy Contract Extension
The discussions for signing the Qatar contract extension are ongoing and are expected to conclude in the next few months.
Capex Plans
The total capital expenditure (capex) for FY’26 is projected to be around INR5,000 crores, with the majority allocated to the petrochemical project. As of the announcement on November 14, 2025, approximately INR450 crores has been spent on the 5 MMTPA expansion project to date.
Use or Pay Dues Recovery
Petronet LNG has a settlement agreement in place and anticipates recovering use or pay charges. Approximately INR694 crores is expected to be collected this year related to CY’22 outstanding.
Source: BSE