[I Earnings Review
Petronet LNG net profit falls 25% YoY on weak gas demand
This story was originally published at 21:07 IST on 25 July 2025
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--Petronet LNG Apr-Jun net profit INR 8.51 bln
--Analysts saw Petronet LNG Apr-Jun net profit at INR 8.70 bln
--Petronet LNG Apr-Jun net profit INR 8.51 bln vs INR 11.42 bln year ago
--Petronet LNG Apr-Jun revenue INR 118.80 bln vs INR 134.15 bln year ago
--Petronet LNG board OKs setting up 5 mtpa land-based LNG terminal in Odisha
--Petronet LNG board OKs INR 63.55-bln investment for LNG terminal in Odisha
NEW DELHI – Petronet LNG Ltd.'s net profit for the June quarter fell 25.5% on year to INR 8.51 billion amid weak gas demand. The bottom line fell below the street's expectation of INR 8.70 billion.
The Gujarat-based company's consolidated revenue fell 11.4% on year to INR 118.80 billion. Analysts had estimated the company to report a revenue of INR 114.1 billion. From the trailing quarter, the company's net profit fell over 20% while revenues declined 3.5% in the June quarter.
Other income during the latest quarter was INR 2.4 billion, up over 11% on year. Total expenditure for the June quarter was INR 109.9 billion, down 9.3% on year. Cost of materials consumed, which account for nearly 95% of Petronet LNG's overall expense, fell nearly 9.4% on year to INR 103.9 billion. Other expenses incurred during the period fell 3.4% on year to INR 1.31 billion. Its finance costs for the June quarter fell 11.5% on year to INR 590 million.
The company's tax outgo was INR 2.85 billion, down 24.5% on year. Petronet LNG will be investing more in its first greenfield liquefied natural gas terminal on the east coast of India at Gopalpur Port in Odisha. The board has granted an in-principle approval for setting up of a 5 million tonne per annum land-based LNG terminal at Gopalpur from the earlier approved 4 million tonnes per annum floating storage and regasification unit-based LNG terminal.
The incremental project cost will be INR 40.49 billion, bringing the total approved project cost to INR 63.55 billion, the company said. The 5 million tonnes per annum capacity will be added in around three years, the company said. The project will be financed through a mix of debt and equity, it said. On Friday, shares of Petronet LNG closed down 1.9% at INR 301.75 on the National Stock Exchange. End
Edited by Akul Nishant Akhoury
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