India · Delayed Price · Currency is INR Petronet LNG Earnings Call Transcripts
Fiscal Year 2026
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Record quarterly profits achieved despite Gulf supply disruptions, with strong operational performance and robust cash flows. CapEx for FY27 and FY28 is guided at INR 9,000 crore each, focused on petrochemicals and storage, while new supply contracts and diversification efforts support future growth.
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Q3 FY26 saw strong operational and financial results, with higher LNG volumes and improved terminal utilization. Major CapEx is planned for petrochemicals and terminal expansions, while long-term contracts and healthy cash balances support stable dividends.
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Q2 FY26 saw a 5% drop in net profit and 15% lower revenue, with Kochi terminal utilization at a record 27%. Dahej expansion is delayed to March 2026, and major CapEx is planned for H2 FY26, with strong cash reserves and continued dividend payouts.
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Q1 FY26 saw improved operational performance and higher throughput, but profits and volumes declined year-over-year. Major investments were approved for the Gopalpur terminal and petchem projects, with significant CAPEX planned. Demand is expected to rise as global LNG supply expands.
Fiscal Year 2025
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Record annual profits and volumes were achieved, with strong Q4 results despite temporary volume declines due to market factors. Major long-term contracts were renewed, capacity expansions are on track, and robust demand growth is expected to support high utilization and continued financial strength.
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Nine-month throughput reached a record 729 TBTU, with strong financials and high utilization. Dahej expansion is on track for June, and petrochemical CapEx will ramp up, while spot LNG prices are expected to moderate post-2027.
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Q2 FY25 saw higher YoY throughput and profit, with Dahej utilization at 98% and Kochi at 22%. Dahej expansion and new storage tanks are on track, and moderate LNG prices are expected to sustain high utilization. Petchem and infrastructure projects are progressing, with robust capital allocation.
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Record quarterly throughput and utilization drove all-time high profits, with PBT up 53% and PAT up 55% sequentially. CapEx plans are on track, including Dahej expansion and a major petrochemical project, while Use or Pay settlements and robust demand support a positive outlook.