PETRONET LNG POSTS RECORD-BREAKING PROFITS
New Delhi, Oct 24, 2024, “We are delighted to report our highest-ever profits, driven by operational efficiency and robust capacity utilization,” said MD & CEO.
Petronet LNG Limited has announced its financial results for the half-year ended September 30, 2024, posting a record-breaking Profit Before Tax (PBT) of Rs 2,660 crore and Profit After Tax (PAT) of Rs 1,989 crore. This represents a 23% and 24% growth, respectively, over the corresponding period last year.
KEY HIGHLIGHTS
– Highest-ever half-yearly volume throughput of 501 TBTU
– 11% growth in Dahej Terminal throughput
– 7% quarterly growth in Dahej Terminal volume
– Interim dividend of Rs 7 per share approved
DRIVERS OF GROWTH
– Efficient operations
– Higher capacity utilization
– Robust demand for LNG
OUTLOOK
Petronet LNG’s strong performance is expected to continue, driven by India’s growing energy demands and the company’s strategic initiatives.
FINANCIAL SNAPSHOT
– Q2 FY2024-25: PBT Rs 1,140 Cr, PAT Rs 848 Cr
– H1 FY2024-25: PBT Rs 2,660 Cr, PAT Rs 1,989 Cr
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