Petronet LNG Limited has informed the Exchange about Transcript
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Petronet LNG reported Q1 FY26 PBT of INR1,136 crores and PAT of INR851 crores, down from INR1,520 crores and INR1,142 crores respectively in the year-ago quarter, mainly due to lower demand from the power and fertilizer sectors. Dahej terminal processed 207 TBTU (up 10% QoQ) and overall throughput was 220 TBTU (up 7% QoQ). The Board approved an enhanced investment of INR6,355 crores for a 5 MMTPA land-based LNG terminal at Gopalpur, Odisha, up from the earlier 4 MMTPA FSRU plan, with a 3-year completion target. The company signed a new deal with Deepak Fertilisers for 0.5 MMT (extendable to 0.65 MMT) starting mid-2026 and confirmed Gorgon Phase 2 volumes of 0.5 MMTPA (rising to 1.2 MMTPA) by end-FY26. Management outlined a multi-year capex plan of around INR30,000 crores, with FY26 spending targeted at INR5,000 crores and likely higher in FY27, funded partly by an INR12,000 crore rupee term loan RFP.
Year-on-year earnings declined sharply, reflecting weak demand and absence of trading gains, though sequential volumes improved. The aggressive capex roadmap, including the new Gopalpur terminal and PDH-PP project, signals long-term growth ambitions but will keep the balance sheet stretched and put near-term focus on debt-funded expansion.