Press Release: Financial Results for the quarter ended 31st December 2019
11-Feb-2020

Press Release

10th February, 2020

Petronet LNG Ltd

- Highest ever PBT of Rs 2,624 Cr over nine months period ending 31st December, 2019

- Highest ever PAT of Rs 2,339 Cr over nine months period ending 31st December, 2019

- Highest ever throughput of 709 TBTU over nine months period ending 31st December, 2019

During the quarter ended 31st December, 2019 (current quarter), the Company processed 233 TBTU of LNG, as against 250 TBTU in Q2, 2019-20 (previous quarter) and 202 TBTU in Q3, 2018-19 (corresponding quarter). The Company’s Dahej terminal has operated at around 100 % of its name plate capacity and processed a volume of 222 TBTU of LNG in the current quarter, as against 240 TBTU in the previous quarter and 197 TBTU in the corresponding quarter. Kochi terminal handled 11 TBTUs of LNG.

The Company has processed highest ever volume of 709 TBTU over nine months period ending 31st December, 2019, as compared to 639 TBTU processed in the corresponding nine month period ending 31st December, 2018, registering a growth of 11%.

The Company has reported PBT of Rs 902 Crore and PAT of Rs 675 Crore in the current quarter. The PBT and PAT reported in the previous quarter were Rs 885 Cr and Rs 1,103 Cr respectively. The PBT and PAT reported in the corresponding quarter were Rs 811 Cr and Rs 565 Cr respectively.

The Company registered highest ever PBT of Rs 2,624 Cr over the nine months period ending 31st December, 2019, which stood at Rs 2,579 Cr in the corresponding period, witnessing a growth of 1.75%. The Company registered the highest ever PAT of Rs 2,339 Cr over the nine months period ending 31st December, 2019, which stood at Rs 1,715 Cr in the corresponding period, witnessing a growth of 36%.

The significant increase in profit year to date, is due to higher volumes processed owing to commercial efficacy and better efficiency in operations.



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