Petronet LNG (PETRONET) Q4 24/25 earnings summary

Executive summary

• Achieved record annual volume throughput of 934 TBTU and highest-ever profit before tax (INR 5,275 crore) and profit after tax (INR 3,926 crore), up 11% year-over-year.

• Q4 FY25 saw highest-ever quarterly profits, with PBT at INR 1,446 crore, up from INR 996 crore in Q4 FY24 and INR 1,169 crore in Q3 FY25.

• Audited consolidated and standalone financial results for the year ended 31 March 2025 were presented with an unmodified opinion from the auditors, confirming compliance with Ind AS and SEBI regulations.

• Board recommended a final dividend of INR 3 per share.

Financial highlights

• Consolidated revenue from operations for FY25 was ₹50,982.03 crore, down from ₹52,729.33 crore year-over-year.

• Consolidated net profit after share of joint ventures for FY25 was ₹3,972.68 crore, up from ₹3,652.44 crore year-over-year.

• Standalone net profit for FY25 was ₹3,926.37 crore, up from ₹3,536.20 crore year-over-year.

• Dahej Terminal processed 876 TBTU for the year, up from 865 TBTU last year; total LNG processed reached 934 TBTU, up from 919 TBTU.

• Q4 LNG volumes at Dahej were 189 TBTU, down from 219 TBTU in Q4 FY24 and 213 TBTU in Q3 FY25; overall Q4 volume processed was 205 TBTU, down from 234 TBTU in Q4 FY24.

Outlook and guidance

• Expecting 5%-6% annual growth in LNG consumption and confident of high utilization of expanded Dahej capacity.

• Kochi utilization expected to improve with pipeline completion by end of calendar year.

• CapEx guidance for FY26: INR 4,500–5,000 crore, with INR 2,500 crore for Dahej petrochemical project.

• Management remains confident in the recoverability of 'Use or Pay' (UoP) dues, supported by contractual obligations and bank guarantees.