Petronet LNG Limited
Petronet LNG Ltd was formed to develop, design, construct, own and operate Liquefied Natural Gas (LNG) Import and regasification terminals in India.
It was incorporated in 1998 as a Joint Venture among GAIL, Indian Oil, Bharat Petroleum & ONGC holding 12.5% each.The company is in the business of transportation, storage and regasification of LNG. It owns and operates 2 regasification terminals at Dahej (Gujarat) and Kochi (Kerala) with a combined capacity of 22.5 MMTPA. It accounts for 33% of gas supplies in the country and handles ~75% of LNG imports in India.
Shareholding Pattern
-PUBLIC GROUP
-PROMOTER GROUP
Financial Summary
Particulars | March 2022 | March 2023 | March 2024 |
| Sales | 43,169 | 59,899 | 52,728 |
| Sales Growth % | 65.89% | 38.76% | -11.97% |
| Expenses | 37,915 | 55,043 | 47,518 |
| Operating Profit | 5,254 | 4,856 | 5,210 |
| OPM % | 12% | 8% | 10% |
| Net Profit | 3,352 | 3,240 | 3,536 |
| EPS in Rs | 22.35 | 21.6 | 23.57 |
Synopsis of Financials
Quarterly Results:
- PBT of ₹1,140 crores, up from ₹1,102 crores YoY, but down from ₹1,520 crores QoQ.
- PAT of ₹848 crores, compared to ₹818 crores YoY and ₹1,142 crores QoQ.
Half-Yearly Results:
- PBT for H1 at ₹2,660 crores, an increase from ₹2,164 crores YoY.
- PAT for H1 at ₹1,989 crores, up from ₹1,608 crores YoY.
- Growth of 23% in PBT and 24% in PAT YoY for H1.
Final Outlook
India’s GDP is expected to achieve 6.1% in 2024 and 6.6% in 2025 under crisis due to the continuation of Russia Ukraine war as well as conflict in Middle East which led to volatile energy prices in 2023., Global LNG trade reached around 412 million MT in CY 2023 , which reflected 2.23% growth year-on-year (Y-O-Y).e. India imported 22.59 MMT accounting for 6% of the total LNG and 40% of domestic use LNG is produced by DAHEJ plant of company which is a huge number and comapny aslo manage kochi plant in south india. The domestic gas production from new fields have short asset-life and is expected to plateau in coming 3 to 4 years and then starting to decline opposite this demand for LNG in india will increase continously. Company revenue from operation , inventory turn over ratio & trade receivable is decrease but profit before tax , operating profit from tax & EBIT is increase. In recent, Stock show downward trend because of low demand of LNG ,If we see gloabal economic growth is slow and India gas demand will remain stagnent for 3-4 years after that it will fall according to reports.According to my perspective one should buy this stock for short period of time untill demand for LNG starts falls because of ihgh price.
Petronet-LNG-Limited