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01-Nov-2023

Petronet LNG

Sales down 22%, OP up 4%


'Consolidated net sales (including other operating income) of Petronet LNG has declined 21.60% to Rs 12532.57 crore.  Dahej terminal processed 210 TBTU in Q2FY24 of LNG as against 182 TBTU during Q2FY23 and 217 TBTU during Q1FY23. The overall LNG volume processed by the company in the current quarter was 223 TBTU, as against the LNG volume processed in the corresponding and previous quarters, which stood at 192 TBTU and 230 TBTU respectively.

Operating profit margin has jumped from 7.33% to 9.69%, leading to 3.59% rise in operating profit to Rs 1,214.69 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 91.07% to 88.62%.   Employee cost increased from 0.27% to 0.36%.  

Other income rose 74.70% to Rs 153.61 crore.  PBIDT rose 8.55% to Rs 1368.3 crore.  Provision for intere...



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