Petronet LNG Limited held its Q4 FY25 earnings conference call on 20th May 2025.
The company achieved its highest-ever overall volume throughput of 934 TBTU.
Profit before tax (PBT) crossed ₹5,000 crore for the first time, reaching ₹5,275 crore, while profit after tax (PAT) stood at ₹3,926 crore, a growth of 11% YoY.
Q4 FY25 saw the highest-ever Q4 profits, with PBT at ₹1,446 crore and PAT at ₹1,070 crore.
Dahej Terminal processed 189 TBTU in Q4.
The Board recommended a final dividend of ₹3 per share.
Capacity expansion at Dahej from 17.5 to 22.5 million tons is expected to be ready for commissioning within the next 3-4 months, discussions are on with various parties for offtake contracts.
The 7.5 million ton contract with Qatar has been renewed for 20 years, from 2028 to 2048, with GAIL, Indian Oil, and BPCL committed to offtake the entire volume.
Petrochemical project completion is expected by the end of the last quarter of 2027-28, with production starting in the first quarter. A capex of around ₹4,500 crore to ₹5,000 crore is planned for the current financial year, with approximately ₹2,500 crore targeted for the Dahej petrochemical project.
Petronet does not foresee any major challenges from the PNGRB regulations for LNG terminal registration and is reviewing the notification in detail.
India's LNG import has increased 8% Y-o-Y while the Dahej Terminal volume has declined 14% compared to last year. The spot prices were definitely on the higher side.
Regarding the Dabhol breakwater facility, the Indian gas demand is expected to grow at 6% to 7% annually.
All Use or Pay dues pertaining to Calendar Year 2021 have been paid by the offtakers; none of the bank guarantees have been encashed.
Management expects a normal 5% to 6% incremental growth every year as the demand is expected to grow in India with the implementation of CGD down.
The company processed 934 TBTU, split between 876 TBTUs at Dahej and 58 TBTUs at Kochi, with a growth of around 2% at Dahej and Kochi.
Dahej third jetty is another major project currently going on.
Gopalpur LNG terminal is planned with an estimated capex of around ₹2,300 crore, land acquisition is at an advanced stage, and the terminal is expected to take 3 to 4 years to build.