Q3 2025 Petronet LNG Ltd Earnings Call Transcript
Key Points
- Petronet LNG Ltd (BOM:532522) reported the highest ever 9-month throughput of 729 TBTU, indicating strong operational performance.
- The company achieved a Profit Before Tax (PBT) of INR 3,829 crores for the 9-month period, surpassing the previous year's figure of INR 3,761 crores.
- Petronet LNG Ltd (BOM:532522) has successfully maintained a high capacity utilization rate of 93% at the Dahej terminal.
- The company is planning a significant expansion at the Dahej terminal, with a 5 million tonne increase in capacity expected by June.
- Petronet LNG Ltd (BOM:532522) has secured a regasification revenue of INR 840 crores, reflecting strong service income performance.
- The throughput at Dahej was lower this quarter at 213 TBTU compared to 225 TBTU in the previous quarter.
- Long-term volumes at Dahej have been below 100 TBTU, showing a decline from previous years.
- The company faces challenges with Use or Pay (UoP) charges, with INR 1,666 crores outstanding and provisioning of INR 702 crores.
- Petronet LNG Ltd (BOM:532522) is dealing with a high VAT rate of 15% in Gujarat, impacting the cost structure.
- The Kochi terminal's utilization remains low, with expectations of improvement only after the Kochi-Bangalore pipeline is completed by June 2025.
Good morning, everyone, and welcome to Petronet LNG's Q3 FY25 earnings conference call hosted by Macquarie.
For the discussion today, we have with us the management team comprising Mr. Vinod Kumar Mishra, Director of Finance; Mr. Rakesh Chawla, Group General Manager and President, Finance and Accounts; Mr. Gyanendra Sharma, who is the Group General Manager and President, Marketing; Mr. Vivek Mittal, Chief General Manager and Vice President, Marketing; Mr. Debabrata Satpathy, who is General Manager, Finance and Accounts; and Mr. Vikash Maheshwari, who is Deputy General Manager, Finance and Accounts.
So with that, I would now hand over the call to the management for their opening remarks, and then we'll follow it up with a question-and-answer session. Over to you, sir.
A very good morning to all of you. And as you know that we have been surprising you every time whenever we give the results. Although our throughput has not been that high as it should
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