PETRONETNSEPetronet LNG Limited· GasMediumNeutral
Announced Mon, 11 May · 23:50 IST

Petronet LNG Limited has informed the Exchange about Transcript

Investor Communications View source PDF

PETRONET · price

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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹275.50
prior close
₹274.75
base price
After-mkt
timing
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-0.1-0.2-0.2-0.0-0.7-1.6-4.4-3.9-4.0-2.3-1.9-0.3+1.2
Up moveDown movePending
AI summary

Petronet LNG reported its highest ever quarterly profit in Q4 FY26 despite the Gulf region crisis disrupting Qatar supplies. Q4 PAT was INR 1,338 crore versus INR 848 crore in Q3, helped by INR 630 crore received for outstanding Use of Pay dues and INR 95 crore inventory gain. Dahej terminal utilization was 90.1% for the quarter but dropped sharply to 53% in March due to supply disruption, though Jan-Feb averaged 108%. Management expects supply to resume within 3-4 weeks once the conflict ends and is diversifying sources with new contracts from Exxon and Equinor adding ~1 million tons annually. FY27 CAPEX budget is INR 9,000 crore primarily for the petchem project (INR 7,500 crore), third jetty (INR 600 crore), and Gopalpur terminal (INR 300-400 crore).

Likely market impact

Strong quarterly earnings provide earnings visibility, but near-term volumes remain under pressure due to the Gulf conflict. Management's confidence on quick recovery post-conflict resolution and new long-term contracts support medium-term outlook. Continued dividend payout at current absolute levels offers shareholder returns despite high CAPEX phase.