Petronet LNG (PETRONET) Q4 25/26 earnings summary

Executive summary

• Achieved record quarterly profit before and after tax despite Gulf region crisis, reflecting operational resilience and strong customer trust.

• Audited standalone and consolidated financial results for the quarter and year ended 31 March 2026 were approved, with unmodified audit opinions issued by the statutory auditors.

• Final dividend of Rs 3 per equity share recommended for FY 2025-26, subject to shareholder approval.

• LNG volume processed in Q4 FY26 was 219 TBTU, down from 233 TBTU in the previous quarter but up from 205 TBTU year-over-year.

• Dahej terminal operated at 90.1% capacity in Q4, with Kochi terminal achieving its highest annual throughput at 68 TBTU.

Financial highlights

• Q4 FY26 PBT: INR 1,795 crore (up from INR 1,144 crore QoQ, INR 1,446 crore YoY); PAT: INR 1,338 crore (up from INR 848 crore QoQ, INR 1,070 crore YoY).

• FY26 PBT: INR 5,158 crore (vs INR 5,275 crore FY25); PAT: INR 3,843 crore (vs INR 3,926 crore FY25); consolidated PAT: INR 3,913 crore (vs INR 3,973 crore FY25).

• Standalone revenue from operations for FY 2025-26 was Rs 43,494.91 crore, down from Rs 50,979.56 crore in FY 2024-25.

• Standalone net profit for FY 2025-26 was Rs 3,842.67 crore, compared to Rs 3,926.37 crore in FY 2024-25.

• Received INR 630 crore in outstanding dues from customers for CY2022.

Outlook and guidance

• Utilization levels in April and May remained similar to March's low (Dahej at ~53%), but management is optimistic for normalization if Gulf conflict resolves.

• New contracts with ExxonMobil and Equinor expected to add ~1 million tons in FY27.

• CapEx guidance for FY27 and FY28 is around INR 9,000 crore each year, mainly for the petrochemical project and storage expansion.

• The company continues to monitor the impact of new labour codes and will adjust employee benefit expenses as needed based on further government clarifications.

• The situation regarding Middle East conflict and LNG supply disruptions remains uncertain, with ongoing assessment of operational and financial impacts.