Petronet LNG Limited posted 20% higher Net Profit YoY, Revenue remained flat !!

Petronet LNG Limited has come with its Q4 24 quarterly results. Revenues are down by 0.6% on year-on-year basis. Net profit is up by 20% on year-on-year basis and EPS is up by 20% on year-on-year basis..

Quarterly numbers are looking weak because revenue has dropped by 6.5% net profit has dropped by 38% and EPS has dropped by 38%..

Stock of petrol and LNG was trading at 310 at the time of market closure.

Overview of Petronet LNG Limited

Petronet LNG Limited, established in 1998, stands as a pivotal entity in the Indian energy sector. The company was founded with a clear mission to secure and ensure the availability of liquefied natural gas (LNG) as a clean and efficient fuel for India’s growing energy demands. Guided by core values of integrity, commitment, and excellence, Petronet LNG has carved a niche for itself in the import, storage, and regasification of LNG.

The primary business activities of Petronet LNG include the importation of LNG from international suppliers, its storage in highly specialized facilities, and the subsequent regasification process to convert LNG back into its gaseous state for distribution and usage. This process is critical in fulfilling the energy requirements of various sectors, including industrial, residential, and transportation.

Over the years, Petronet LNG has forged strategic partnerships and collaborations with key stakeholders to bolster its operational capabilities and market presence. Prominent shareholders and partners include major Indian energy companies such as GAIL (India) Limited, Oil and Natural Gas Corporation Limited (ONGC), Indian Oil Corporation Limited, and Bharat Petroleum Corporation Limited. These collaborations have not only enhanced the company’s resource base but also strengthened its position in the competitive energy market.

The geographical locations of Petronet LNG’s terminals and facilities are strategically chosen to optimize operational efficiency and accessibility. The company’s primary terminals are situated in Dahej, Gujarat, and Kochi, Kerala. The Dahej terminal, being one of the largest in the world, significantly contributes to India’s LNG import capacity, while the Kochi terminal serves the southern part of India, ensuring a steady supply of LNG across regions.

In terms of leadership and organizational structure, Petronet LNG is governed by a robust framework, led by a Board of Directors comprising experienced professionals from various fields. The company’s executive team is dedicated to driving growth, innovation, and sustainability, ensuring that Petronet LNG remains at the forefront of the LNG industry in India and beyond.

Disclaimer :- All the facts & the figure presented in the article are taken from internet and all the opinion presented in the article are authors personal opinion and this is not at all an investment suggestion. Before any buying and selling in the stock, please check with your investment advisor.