{"id":158164,"date":"2024-01-30T09:41:20","date_gmt":"2024-01-30T14:41:20","guid":{"rendered":"https:\/\/44.250.171.167\/?p=158164"},"modified":"2024-01-30T09:41:21","modified_gmt":"2024-01-30T14:41:21","slug":"petronet-lng-limited-q3-fy24-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/petronet-lng-limited-q3-fy24-earnings-conference-call-insights\/","title":{"rendered":"Petronet LNG Limited Q3 FY24 Earnings Conference Call Insights"},"content":{"rendered":"<p><strong>Key highlights from Petronet LNG Limited (PETRONET) Q3 FY24 Earnings Concall<\/strong><\/p>\n<ul>\n<li><strong>Financial Performance<\/strong>\n<ul>\n<li>Registered highest ever PBT of INR1,597 crore and PAT of INR1,191 crore in Q3 FY24.<\/li>\n<li>PBT increased 46% compared to previous quarter and was flat versus last year&#8217;s Q3.<\/li>\n<li>PAT increased 46% versus previous quarter and was flat versus last year&#8217;s Q3.<\/li>\n<li>Volume throughput at Dahej terminal increased 21% compared to the prior year nine month period.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Operating Performance<\/strong>\n<ul>\n<li>Dahej terminal utilization was 96% in Q3 FY24.<\/li>\n<li>Total throughput volume at Dahej and Kochi terminals was 232 TBT in Q3 FY24.<\/li>\n<li>Higher utilization of Dahej terminal and efficiency in operations drove profitability growth.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Outlook<\/strong>\n<ul>\n<li>Petronet LNG registered robust volume growth in nine months of FY24.<\/li>\n<li>Higher volumes along with high utilization levels at Dahej terminal are expected to continue driving profitability going forward.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Red Sea Disruption<\/strong>\n<ul>\n<li>Petronet LNG has long-term contracts with Qatar for LNG supply, so no impact on those cargoes.<\/li>\n<li>Disruptions could impact LNG cargos transiting through Suez Canal and Red Sea from sources like US.<\/li>\n<li>But Petronet does not expect impact on cargoes coming to its terminal, even from other sources.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Receivables<\/strong>\n<ul>\n<li>INR1,263 crore of receivables outstanding for user pay charges in 2021 and 2022.<\/li>\n<li>Settlement reached with customers to provide bank guarantees securing these receivables.<\/li>\n<li>No revenue loss or accounting impact for Petronet, receivables are secured.<\/li>\n<li>If volumes shortfall is made up by 2024\/2025, user pay charges will be waived.<\/li>\n<li>Already recognized revenue from user pay charges will be reversed.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Increase in Opex<\/strong>\n<ul>\n<li>INR228 crore provision created against receivables, adjusting it OPEX is in line.<\/li>\n<li>As receivables recovered, provisions will be reversed over time.<\/li>\n<li>Increased OPEX is temporary accounting impact, will normalize.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Kochi\/ Gorgon LNG<\/strong>\n<ul>\n<li>Kochi terminal gross margin impact was INR136 crores.<\/li>\n<li>Service revenue was INR623 crores, depreciation and finance costs were INR84 crores and INR69 crores.<\/li>\n<li>Year-to-date Gorgon LNG volumes were 14.4 cargoes compared to 9 cargoes in Q2 and 8 cargoes in prior year Q3.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Trading and Inventory Gains<\/strong>\n<ul>\n<li>Trading gains were INR40 crores versus INR19 crores in Q2.<\/li>\n<li>Inventory gains were INR147 crores.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Kochi-Mangaluru Pipeline Project<\/strong>\n<ul>\n<li>250 km section from Coimbatore to Bangalore expected to complete by end of 2022.<\/li>\n<li>Will connect Kochi terminal to national gas grid.<\/li>\n<li>Should enable additional gas volumes from Kochi terminal from FY25.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Bank Guarantees Status<\/strong>\n<ul>\n<li>Bank guarantees being taken for full INR1263 crores of user pay charges.<\/li>\n<li>Some operators have provided BGs, others in process of providing.<\/li>\n<li>Settlement agreements also being formally signed.<\/li>\n<\/ul>\n<\/li>\n<li><strong>Upcoming Projects<\/strong>\n<ul>\n<li>Dahej expansion to 22.5 MTPA by Mar 2025.<\/li>\n<li>New jetty at Dahej at cost INR1700 crores by 2024.<\/li>\n<li>Can handle LNG, propane, ethane.<\/li>\n<li>2 new LNG tanks at Dahej by Jun 2024.<\/li>\n<li>FSRU terminal planned at Gopalpur, Odisha.<\/li>\n<li>Expected to take 3 years for completion.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Petronet LNG Limited (PETRONET) Q3 FY24 Earnings Concall Financial Performance Registered highest ever PBT of INR1,597 crore and PAT of INR1,191 crore in Q3 FY24. PBT increased 46% compared to previous quarter and was flat versus last year&#8217;s Q3. PAT increased 46% versus previous quarter and was flat versus last year&#8217;s Q3. [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":154818,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[10169,2021],"class_list":["post-158164","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-earnings","tag-oil-gas"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/10\/CC_Image_1.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171171,"url":"https:\/\/alphastreet.com\/india\/petronet-lng-q1-fy26-earnings-results\/","url_meta":{"origin":158164,"position":0},"title":"Petronet LNG Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"September 12, 2025","format":false,"excerpt":"Petronet LNG Ltd was formed to develop, design, construct, own and operate Liquefied Natural Gas (LNG) Import and regasification terminals in India. Presenting below are its Q1 FY26 earnings results. \u00a0 Petronet LNG Q1 FY26 Earnings Results Total Income: \u20b911,880 crores, down 13.3% QoQ (Q4 FY25: \u20b913,946.80 crores) and down\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Petronet LNG Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/2-8.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/2-8.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/2-8.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/2-8.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/2-8.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/2-8.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":180720,"url":"https:\/\/alphastreet.com\/india\/petronet-lng-q3-fy26-profit-up-on-capacity-utilisation-revenue-moderates\/","url_meta":{"origin":158164,"position":1},"title":"Petronet LNG Q3 FY26 Profit Up on Capacity Utilisation; Revenue Moderates","author":"Staff Correspondent","date":"February 13, 2026","format":false,"excerpt":"Current Status Overview Petronet LNG Limited operates LNG importation, regasification, storage, and distribution infrastructure in India. The company operates terminals at Dahej and Kochi with combined capacity of approximately 22.5 MMTPA. Q3 FY26 results indicate stable operations and continued throughput. Net profit improved in the latest reported quarter. Infrastructure utilisation\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139389,"url":"https:\/\/alphastreet.com\/india\/petronet-lng-limited-q3-fy23-revenue-increased-by-25-year-on-year\/","url_meta":{"origin":158164,"position":2},"title":"Petronet LNG Limited Q3 FY23; Revenue Increased By 25% Year On Year","author":"Hardik Bhandare","date":"January 27, 2023","format":false,"excerpt":"Petronet LNG Limited (NSE: PETRONET) posted a Revenue from operations for Q3 FY23 of \u20b915,775.87 Crore up from \u20b912,597.22 Crore year on year, a growth of 25%. Consolidated Net Profit was \u20b91,196.46 Crore, compared to \u20b91,159.46 Crore in the same quarter of the previous year. The Earnings per Share is\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/5c1684f6-169f-4726-b471-9586827cb142-scaled.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/5c1684f6-169f-4726-b471-9586827cb142-scaled.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/5c1684f6-169f-4726-b471-9586827cb142-scaled.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/5c1684f6-169f-4726-b471-9586827cb142-scaled.jpg?resize=700%2C400&ssl=1 2x, 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Sabri\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/EarningsTranscript.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":176574,"url":"https:\/\/alphastreet.com\/india\/petronet-lng-limited-petronet-q2-2025-earnings-call-transcript\/","url_meta":{"origin":158164,"position":4},"title":"Petronet LNG Limited (PETRONET) Q2 2025 Earnings Call Transcript","author":"News desk","date":"January 22, 2026","format":false,"excerpt":"Petronet LNG Limited (NSE: PETRONET) Q2 2025 Earnings Call dated Oct. 24, 2024 Corporate Participants: Kishan Gopal Mundhra Vinod Mishra \u2014 Director of Finance Vivek Mittal \u2014 CGM & Vice President Marketing Analysts: Probal Sen \u2014 Analyst Yogesh Patil \u2014 Analyst Hemang Khanna \u2014 Analyst Maulik Patel \u2014 Analyst Kirtan\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg?resize=350%2C200&ssl=1 1x, 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