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Petronet LNG Records Rs. 1,235.40 Crore Profit After Tax for Q2 FY 2026-27 and Declares Rs. 7 Interim Dividend

Company reports Rs. 7,200.35 crore revenue from operations and highlights receipt of some Use or Pay dues; arbitration underway on LNG vessel claims

Petronet LNG Limited announced its unaudited financial results for the quarter and half-year ended 30 September 2026, reporting a profit after tax of Rs. 1,235.40 crore for the quarter. The company declared an interim dividend of Rs. 7 per equity share for FY 2026-27. The results include provisions for Use or Pay dues and disclose ongoing arbitration related to LNG vessel claims.

12 hours ago|PETRONET-0.28%
Petronet LNG LimitedPETRONETGeneral / Other

Petronet LNG Limited

General / Other

Petronet LNG Limited announced its unaudited standalone financial results for the quarter and half-year ended 30 September 2026, with a profit after tax of Rs. 1,235.40 crore for the quarter. Additionally, the company declared an interim dividend of Rs. 7 per equity share for the financial year 2026-27.

The company's revenue from operations for the quarter ended 30 September 2026 was Rs. 7,200.35 crore, with total income including other income reaching Rs. 7,432.44 crore. Expenses for the quarter, including material consumed, employee benefits, finance costs, depreciation, and impairment losses, totaled Rs. 5,773.34 crore.

Petronet LNG made a provision of Rs. 230.72 crore for Use or Pay (UoP) dues amounting to Rs. 408.23 crore (gross) in trade receivables; management remains confident about the recovery based on contractual arrangements.

The company is facing claims amounting to Rs. 625.42 crore plus applicable taxes from LNG vessel owners relating to suspended vessel operations. These claims have not been provided for, as the company disputes their validity and arbitration proceedings are ongoing.

The interim dividend of Rs. 7 per equity share (face value Rs. 10 each) was approved by the Board on 2 November 2026, with record and payment dates to be announced later.

Highlights

  • Profit after tax for Q2 FY 2026-27: Rs. 1,235.40 crore
  • Revenue from operations for the quarter: Rs. 7,200.35 crore
  • Interim dividend declared: Rs. 7 per equity share
  • Provision of Rs. 230.72 crore made for Use or Pay dues totaling Rs. 408.23 crore gross
  • Claims of Rs. 625.42 crore plus taxes under arbitration related to LNG vessel operations
  • No default on loans or debt securities reported

Key Data Snapshot

Profit after tax for the quarter ended 30 September 2026Rs. 1,235.40 crore
Revenue from operations for the quarter ended 30 September 2026Rs. 7,200.35 crore
Interim dividend declared per equity shareRs. 7 per share (face value Rs. 10 each)
Provision made for Use or Pay duesRs. 230.72 crore
Gross Use or Pay dues included in trade receivablesRs. 408.23 crore
Claims by LNG vessel owners under arbitrationRs. 625.42 crore plus applicable taxes
Paid-up share capitalRs. 1,500 crore

What happened

  • Petronet LNG reported unaudited standalone financial results for the quarter and half-year ended 30 September 2026.
  • The company declared a Rs. 7 per equity share interim dividend for FY 2026-27.
  • The Board meeting approving results and dividend was held on 2 November 2026.

Financial performance

  • Revenue from operations reached Rs. 7,200.35 crore for the quarter ended 30 September 2026.
  • Profit after tax stood at Rs. 1,235.40 crore for the quarter.
  • Total expenses for the quarter amounted to Rs. 5,773.34 crore.
  • A provision of Rs. 230.72 crore was made against Use or Pay dues on trade receivables.

Risks and conditions

  • Use or Pay dues of Rs. 408.23 crore (gross) included in receivables; company is pursuing recovery mechanisms and settlements.
  • Claims aggregating Rs. 625.42 crore plus taxes from LNG vessel owners are under arbitration; no provision made as claims are disputed by the company.
  • No default reported on loans and debt securities.

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Petronet LNG Records Rs. 1,235.40 Crore Profit After Tax | Stockk News