Petronet LNG Ltd's Q3FY25 Quarterly Results

Result Summary

• Petronet LNG Ltd reported a 6.1% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 16.6%.
• Its expenses for the quarter were down by 6.9% QoQ and 15.4% YoY.
• The net profit increased 3.6% QoQ and decreased 25.7% YoY.
• The earnings per share (EPS) of Petronet LNG Ltd stood at 6 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Petronet LNG Ltd is a key player in the energy sector, primarily engaged in the import, storage, and regasification of Liquefied Natural Gas (LNG). The company operates in the natural gas industry, catering to a wide range of industrial and domestic consumers. Petronet LNG was established by the Government of India to meet the country's growing energy demands through the importation of LNG. Its primary facilities include LNG terminals located at Dahej in Gujarat and Kochi in Kerala. The company plays a vital role in bridging the gap between the country's natural gas demand and domestic production. At this time, there are no specific major recent developments available for Petronet LNG Ltd beyond the data provided.

Revenue

During the third quarter of FY25, Petronet LNG Ltd reported a total income of ₹12,423.07 crores, demonstrating a decline of 6.1% from the previous quarter, Q2FY25, where the total income was ₹13,225.94 crores. When compared to the same quarter in the previous fiscal year, Q3FY24, which had a total income of ₹14,903.76 crores, there is a noted year-over-year decrease of 16.6%. These figures indicate a reduction in revenue both sequentially and annually, highlighting fluctuations in the company's income over the past year.

Profitability

For the third quarter of FY25, Petronet LNG Ltd's profit before tax was reported at ₹1,168.57 crores, reflecting a quarter-over-quarter increase of 2.3% from ₹1,142.24 crores in Q2FY25. However, compared to Q3FY24's profit before tax of ₹1,596.84 crores, there is a year-over-year decline of 26.8%. The tax expenses for Q3FY25 were ₹301.98 crores, slightly higher than the previous quarter's ₹293.25 crores, representing a 3.0% increase, but lower than Q3FY24's ₹406.54 crores by 25.7%. The profit after tax for Q3FY25 stands at ₹901.70 crores, which is a 3.6% increase over Q2FY25's ₹870.61 crores but a 25.7% decrease from Q3FY24's ₹1,212.98 crores. The earning per share for the quarter was ₹6.00, an increase of 3.4% from the previous quarter's ₹5.80, yet a decrease of 25.9% from the ₹8.10 reported in Q3FY24.

Operating Metrics

Petronet LNG Ltd's total expenses for Q3FY25 amounted to ₹11,254.50 crores, down 6.9% from the previous quarter's ₹12,083.70 crores. In comparison to the same quarter last year, Q3FY24, where expenses were ₹13,306.92 crores, there was a year-over-year reduction of 15.4%. This data reflects a consistent decrease in operating expenses over both the quarterly and annual periods. The reduction in expenses aligns with the overall decrease in total income, indicating adjustments in the company's operational cost structure within the given timeframe. The analysis of these operating metrics provides insight into the company's cost management strategies amid changing revenue conditions.