Petronet LNG Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The Board approved the results on February 12, 2026. Key points include the continued recognition of ‘Use or Pay’ (UoP) trade receivables and the estimated financial impact arising from the implementation of the Government’s New Labour Codes, which mandated an estimated incremental cost of ₹25.44 crore.
Financial Results Submission for Q3 FY2025-26
Petronet LNG Limited has submitted its Integrated Filing containing the Unaudited Financial Results for the quarter and nine months ended 31st December 2025, approved by the Board of Directors during the meeting held on 12th February 2026. The results cover both standalone and consolidated performance.
Standalone Performance Highlights (Q3 Ended Dec 31, 2025)
For the quarter ended 31st December 2025 (Un Audited):
- Total Income stood at ₹11,379.66 crore.
- Profit After Tax (PAT) was ₹848.29 crore.
- Earnings Per Share (Basic and Diluted) for the quarter was ₹5.66 (not annualised).
For the nine months ended 31st December 2025 (Un Audited):
- Total Income reached ₹34,748.10 crore.
- Profit After Tax (PAT) was ₹2,504.62 crore.
- Earnings Per Share (Basic and Diluted) was ₹16.70 (not annualised).
Consolidated Performance Highlights (Q3 Ended Dec 31, 2025)
For the quarter ended 31st December 2025 (Un Audited):
- Total Income was ₹11,377.38 crore.
- Profit After Tax (PAT) was ₹845.50 crore.
- Earnings Per Share (Basic and Diluted) for the quarter was ₹5.80 (not annualised).
For the nine months ended 31st December 2025 (Un Audited):
- Total Income reached ₹34,716.68 crore.
- Profit After Tax (PAT) was ₹2,471.82 crore.
- Earnings Per Share (Basic and Diluted) was ₹16.95 (not annualised).
Key Notes from Management Review
1. Trade Receivables and UoP Dues
Trade receivables as of 31st December 2025 include ‘Use or Pay’ (UoP) dues amounting to ₹1,313.89 crore (gross), or ₹498.31 crore (net) after a provision of ₹815.58 crore. These arose from lower capacity utilisation by customers under long-term agreements, pertaining significantly to CY 2022 and CY 2023. A recovery mechanism is in place, securing some dues via bank guarantees.
Furthermore, income of ₹48.96 crore towards UoP charges for CY 2025, arising from contractual obligations due to lower capacity utilisation, was recognized as other operating income for the quarter and nine months.
2. Impact of New Labour Codes
The introduction of the New Labour Codes (effective from November 21, 2025) has led to an estimated incremental impact of ₹25.44 crore on account of past service costs under ‘Employees Benefit Expense’ recognized in the Profit and Loss during the quarter and nine months ended 31st December 2025.
3. Segment Reporting
The Company continues to report a single operating segment, “Natural Gas Business”, as it primarily operates in the import and processing of liquefied natural gas.
Source: BSE
