India’s Petronet LNG logs lower profit, volumes

India’s largest LNG importer Petronet LNG, the operator of the Dahej and Kochi regasification terminals, reported lower quarterly profit and volumes.

During the April-June quarter, the 17.5 mtpa Dahej LNG terminal processed 207 TBtu of LNG, down compared to 248 TBtu in the same quarter in 2024.

Dahej volumes rose compared to 189 TBtu in the previous quarter.

Petronet said the overall LNG volume processed by the company reached 228 TBtu in the April-June period.

This compares to 262 TBtu and 205 TBtu in the corresponding and previous quarters, respectively.

Moreover, profit after tax or PAT reached 8.51 billion rupees ($98.4 million) in the quarter under review, a drop compared to 10.7 billion rupees and 11.42 billion rupees in the corresponding and previous quarters, respectively.

The company said its profit before tax or PBT reached 11.36 billion rupees ($131.4 million) in the quarter under review.

This compares to 15.20 billion rupees in the corresponding quarter and 14.46 billion rupees in the previous quarter.

Petronet said it was able to achieve “higher throughput over the previous quarter and robust financial results owing to stable LNG prices, better capacity utilization, and efficiency in its operations.”

“As a significant milestone, net worth of the company as on June 30, 2025 reached Rs 20,233 Cr (as on 31st March, 2025 – Rs 19,382 Cr) crossing the Rs 20,000 Cr mark,” it said.

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