Petronet LNG Limited's Board of Directors approved the audited financial results for the quarter and year ended 31st March 2025 on 19th May 2025.
The board has recommended a final dividend of ₹3.00 per share (on a face value of ₹10 each) for the financial year 2024-25, subject to shareholder approval at the AGM. The record date and payment/despatch date will be intimated in due course.
Standalone Financial Results Highlights:
Revenue from operations for the quarter ended March 31, 2025, stood at ₹12,315.75 crore.
Profit after tax for the quarter was ₹1,070.18 crore.
Basic and diluted EPS for the quarter stood at ₹7.13.
Revenue from operations for the year ended March 31, 2025, was ₹50,979.56 crore.
Profit after tax for the year was ₹3,926.37 crore.
Basic and diluted EPS for the year stood at ₹26.18.
Use or Pay (UoP) Dues:
Trade receivables include UoP dues amounting to ₹1,421.56 crore (gross), ₹952.41 crore (net) after a provision of ₹469.15 crore, arising from lower capacity utilization by customers.
UoP dues pertain to FY 2022-23 (CY 2022): ₹694.29 crore, FY 2023-24 (CY 2023): ₹610.00 crore, and FY 2024-25 (CY 2024): ₹117.27 crore.
A recovery mechanism for UoP dues relating to CY 2021 and CY 2022 was approved, with ₹360.94 crore received against CY 2021 dues during the quarter and year.
UoP dues of ₹183.71 crore were waived off for the year ended 31st March 2025, including ₹32.71 crore for CY 2021 and ₹151.00 crore for CY 2022. Bank guarantees have been obtained from customers to secure recovery of these dues.
A recovery mechanism for UoP dues pertaining to CY 2023 has been approved, with the company securing bank guarantees from customers.
Management remains confident of recovery of UoP dues, and a time-based provision of ₹469.15 crore has been made as of 31st March 2025.