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Petronet announce Q3 2017/18 financial results

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LNG Industry,

During the quarter ended 31 December 2017 (current quarter), PLL processed highest ever combined throughput in a quarter at 223 trillion Btu.

The Dahej terminal processed highest ever quantity of 215 trillion Btu of LNG and operated at around 113% of its name plate capacity. The Dahej Terminal witnessed increase in throughput over the previous quarter by 2% (Q2 2017-18 at 210 trillion Btu) and increase in throughput over the corresponding quarter by 15% (Q2 2016-17 at 187 trillion Btu) respectively. The Kochi Terminal processed a quantity of 8 trillion Btu of LNG.

The company has reported Profit Before Tax (PBT) in the quarter of Rs 748 Crore, witnessing a growth of 47% over the corresponding quarter (Q3 2016-17 at Rs 510 Cr).

The company has reported Profit After Tax (PAT) of Rs 529 Crore in the quarter, which registered a growth of 33% over the corresponding quarter (Q3 16-17 at Rs 397 Cr).

The company registered the highest ever PBT and PAT over nine months period ending on 31 December 2017, at Rs 2264 Cr and Rs 1555 Cr, which stood at Rs 1,742 Cr and Rs 1,235 Cr in the corresponding period ending on 31st December, 2016, witnessing a growth of 30% and 26% respectively.

The growth in both PBT and PAT is due to higher volumes processed because of the increase in the Regasification capacity, post expansion of the Dahej Terminal and better efficiency achieved in the operations.

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