Petronet LNG share price on July 25, 2024 (as of 11:36 AM IST) is showing a positive trend. Current Share Price at 361.30 INR surge up +10.70 (3.05%) today 25 Jul, 11:36 am IST. Petronet LNG Share opened at ₹344.60 on NSE today. It has seen an increase of 3.05% compared to the opening price.
Overall, the stock is performing well today, possibly due to the company’s strong Q1 FY25 results, which were announced yesterday.
Petronet LNG Q1 FY25 Results:
Petronet LNG Limited, India’s largest liquefied natural gas (LNG) importer, reported a significant 40% year-on-year (YoY) increase in its consolidated net profit for the first quarter of the financial year 2024-25 (Q1 FY25).
Petronet LNG Q1 FY25 Results Key Financial Highlights:
- Net Profit: ₹1,100.76 crore, a 40% increase compared to ₹787.73 crore in Q1 FY24.
- Revenue from Operations: ₹13,415.13 crore, a 15% increase compared to ₹11,656 crore in Q1 FY24.
- Profit Before Tax (PBT): ₹1,478.95 crore, a 40% increase YoY.
- Throughput: 262 trillion British thermal units (TBTU), the highest ever for any quarter, with a 14% growth compared to Q1 FY24.
- Dahej Terminal Capacity Utilization: 109%, significantly higher than 96% in the same quarter of the previous year.
Factors Driving Growth:
The strong performance in Q1 FY25 was attributed to several factors:
Higher Throughput: Petronet LNG achieved a record-high throughput due to improved efficiency in operations and better capacity utilization of its terminals.
Stable LNG Prices: The relatively stable LNG prices in the global market contributed to the company’s profitability.
Increased Demand: The growing demand for LNG in India, driven by various sectors like power and industrial, played a significant role in boosting Petronet LNG’s performance.
Future Outlook: Petronet LNG’s impressive Q1 results indicate a positive outlook for the company in the coming quarters. The company is well-positioned to capitalize on the increasing demand for LNG in India and aims to expand its infrastructure to cater to the growing market.