Petronet LNG Posts 4% Rise in Q2 Profits on Increased Dahej Terminal Utilization

Petronet LNG Ltd, India's top LNG importer, reported a 4% profit increase in Q2, influenced by higher utilization of the Dahej terminal. The net profit reached Rs 848 crore, backed by efficient operations. Record LNG volumes were processed, and a Rs 7 interim dividend was approved.

Petronet LNG Ltd, India's leading importer of liquefied natural gas, announced a 4% increase in its second-quarter profit, driven by enhanced capacity utilization at its main Dahej import terminal in Gujarat.

The company reported a net profit of Rs 848 crore for the July-September period of the 2024-25 fiscal year, a rise from Rs 818 crore in the same quarter of the previous year, though below the record Rs 1,142 crore in the preceding quarter.

CEO and Managing Director A K Singh stated that the Dahej terminal's throughput this quarter grew by 7% compared to the previous year. The board has approved an interim dividend of Rs 7 per share, owing to strong financial results.

(With inputs from agencies.)