Petronet LNG Q1 Results | All metrics down on sequential basis

Petronet LNG Ltd on Friday, July 25, reported a 21.8% quarter-on-quarter fall in consolidated net profit at ₹834 crore for the first quarter of FY26, compared to ₹1,067 crore in the previous quarter.

The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) also dropped 23.2% to ₹1,160 crore from ₹1,513 crore in Q4FY25, while the EBITDA margin reduced to 9.7% from 12.2%, according to a stock exchange filing.

Revenue declined 3.5% sequentially to ₹11,880 crore compared to ₹12,316 crore.

The company’s poor quarterly performance is surprising considering that it posted

strong growth in the last quarter of FY25.

On July 10, the company entered into a ₹1,200-crore regasification agreement with Performance Chemiserve Ltd, a wholly-owned subsidiary of Deepak Fertilisers and Petrochemicals Corporation Ltd. The 5.5-year deal will see Petronet provide regassification services for approximately 25.6 TBTUs of liquefied natural gas (LNG) annually at its Dahej terminal in Gujarat.

Petronet LNG Ltd, India’s largest liquefied natural gas (LNG) importer, was established in 1998 by the Government of India as a joint venture promoted by leading public sector undertakings – GAIL (India) Ltd, Oil and Natural Gas Corp (ONGC), Indian Oil Corp (IOC), and Bharat Petroleum Corp Ltd (BPCL).

The company operates two major LNG terminals – a 17.5 million tonnes per annum (MTPA) terminal at Dahej, Gujarat, and a 5 MTPA terminal at Kochi, Kerala. It plays a critical role in meeting India’s growing energy demand by sourcing LNG from global suppliers, including long-term contracts with Qatar’s RasGas.

Shares of the company ended at ₹302.10, down 1.8% on the BSE today (July 25). The stock has declined almost 13% in the year-to-date period.