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“Petronet LNG’s Q3 FY23-24: Stellar Growth, Financial Milestones”

New Delhi: Petronet LNG Ltd achieves record-breaking financial results in Q3, FY 2023-24, with the highest-ever Profit Before Tax (PBT) and Profit After Tax (PAT) reaching Rs 1,597 Cr and Rs 1,191 Cr respectively. The cumulative figures for the nine months ending on December 31, 2023, also showcase a remarkable performance, with PBT and PAT standing at Rs 3,761 Cr and Rs 2,799 Cr.

This impressive growth is evidenced by a 45% increase in PBT and a 46% rise in PAT during Q3, FY 2023-24 compared to the previous quarter. The momentum extends to the nine-month period, reflecting a 7% growth in both PBT and PAT over the corresponding months.

Furthermore, volume throughput witnesses a substantial 21% increase in the current nine months, underlining Petronet LNG Ltd’s robust operational performance.

Dahej terminal’s pivotal role is highlighted as it processes 218 TBTU of LNG in the current quarter, demonstrating significant growth from 154 TBTU in the corresponding quarter of the previous year. The Company’s overall LNG volume for the quarter reaches 232 TBTU, showcasing a notable uptick from 167 TBTU and 223 TBTU in the corresponding and previous quarters.

In the nine-month period ending December 31, 2023, Dahej terminal processes 646 TBTU of LNG, surpassing the corresponding nine months of the previous year. The Company’s cumulative LNG volume for the current nine months totals 685 TBTU, a substantial increase from 567 TBTU in the corresponding period.

Petronet LNG Ltd’s financial strength is evident in the Q3 PBT of Rs 1,597 Cr, surpassing both the corresponding and previous quarters. The PAT for Q3 stands at Rs 1,191 Cr, reinforcing the Company’s consistent growth.

For the current nine months, the Company reports its highest-ever PBT of Rs 3,761 Cr, reflecting a commendable increase from the corresponding nine months. The PAT for the current nine months reaches Rs 2,799 Cr, further solidifying Petronet LNG Ltd’s position as a financial leader in the industry.

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