Q2 2026 Petronet LNG Ltd Earnings Call Transcript
Key Points
- Petronet LNG Ltd (BOM:532522) reported a net profit of INR 805.75 crore, reflecting strong financial performance despite a 5% year-on-year decline.
- The company achieved the highest ever capacity utilization of its 4G terminal at 27%, indicating efficient operations.
- Dahej terminal processed 211 TBTU, showcasing robust operational capabilities.
- Expansion activities at the Dahej terminal are on track to add 5 MMTPA capacity by March 2026, promising future growth.
- Petronet LNG Ltd declared a 7% per share interim dividend, demonstrating a commitment to shareholder returns.
- Revenue from operations decreased by 15% year-on-year, indicating challenges in maintaining sales levels.
- Lower LNG volumes contributed to a decline in net profit, highlighting potential demand issues.
- The expansion of the Dahej terminal has faced delays, now expected to be completed by March 2026, impacting timelines.
- The Gopalpur terminal project is awaiting environmental clearance, causing potential delays in its development.
- There is uncertainty regarding the pricing and contract renewals for expanded capacities, which could affect future revenue streams.
Ladies and gentlemen, good day, and welcome to Petronet LNG Q2 FY26 earnings conference call hosted by IIFL Capital Services Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Balaji Subramanian from IIFL Capital Solutions Limited. Thank you, and over to you, sir.
Ladies and gentlemen, good morning, and thank you for joining us on the post 2Q and 1H FY26 results conference call for Petronet LNG Limited. It's my pleasure to introduce the senior management team of Petronet LNG who are here with us today to discuss the results.
We have Mr. Saurav Mitra, Director, Finance and CFO; Mr. Rakesh Chawla, Executive Director, F&A; Mr. Gyanendra Kumar Sharma, GGM and President Marketing; Mr. Vivek Mittal, GGM and President Marketing, Mr. Debabrata Satpathy, General Manager, F&A; and Mr. Vikash Maheshwari, Deputy General Manager, F&A.
We will begin the call with opening remarks by the management team, and thereafter,
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