Q2 2025 Petronet LNG Ltd Earnings Call Transcript
Key Points
- Petronet LNG Ltd (BOM:532522) reported a 23% growth in Profit Before Tax (PBT) and a 24% growth in Profit After Tax (PAT) for the first half of the current fiscal year compared to the previous year.
- The Dahej terminal achieved a high utilization rate of 98%, indicating strong operational efficiency.
- The company has successfully commissioned two additional storage tanks at the Dahej terminal, enhancing its storage capacity and operational flexibility.
- Petronet LNG Ltd (BOM:532522) is optimistic about maintaining a 95% to 100% capacity utilization at the Dahej terminal in the second half of the fiscal year due to moderate LNG prices.
- The company declared an interim dividend of INR7 per share, consistent with the previous year, reflecting a commitment to shareholder returns.
- Quarterly PBT and PAT showed a decline compared to the previous quarter, attributed to reduced power demand and lower utilization rates.
- The Kochi terminal's utilization remains low at 22%, highlighting ongoing challenges in maximizing its capacity.
- There is uncertainty regarding the impact of potential delays in global LNG projects, which could affect future supply dynamics.
- Concerns were raised about the potential impact of government decisions on domestic gas allocations, which could affect Petronet's business with certain customers.
- The company has significant provisions for receivables, with uncertainties around the recovery of these amounts, although they are backed by bank guarantees.
Ladies and gentlemen, good day, and welcome to the Petronet LNG Q2 FY '25 Earnings Conference Call hosted by DAM Capital Advisors Limited. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Krishna Gopal Mundra from DAM Capital Advisors Limited. Thank you, and over to you, sir.
Thank you, Riddhi, and good evening to everyone. On behalf of DAM Capital, I welcome all of you to Petronet LNG's second quarter FY '25 earnings call. At the outset, I would first like to congratulate the management on the good set of results. And to discuss the same, we have with us the Director of Finance, Mr. Vinod Mishra; Mr.
Rakesh Chawla, who is the Group General Manager and President, Finance and Accounts; Mr. Gyanendra Sharma, who is 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 Maheswari, who is Deputy General
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