Petronet LNG revenue and profit fall; Rs 7 dividend declared; customer dues flagged
PETRONET · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.8 pts less than Nifty Midcap 150 and 0.8 pts more than its LPG/CNG/PNG/LNG Supplier peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Petronet LNG's standalone September-quarter revenue fell 15.4% to Rs 11,009.13 crore; net profit was Rs 805.75 crore versus Rs 847.62 crore. Six-month revenue fell 13.4% to Rs 22,888.99 crore, while net profit fell to Rs 1,656.33 crore from Rs 1,989.20 crore. The board declared a Rs 7 interim dividend per share. Auditors flagged Rs 1,392.68 crore of dues from low capacity use and Rs 735.84 crore of provision; the review conclusion was unchanged.
Lower revenue and profit may weigh on the share price, while the Rs 7 dividend supports returns. Provisions for customer dues remain a risk.