Petronet LNG Q3 Results: Profit Rises 2.1%, But Misses Estimates

Petronet LNG Ltd. posted a 2.1% uptick in its consolidated net profit (quarter-on-quarter) to Rs 867 crore for the third quarter of fiscal 2025. This has narrowly missed the consensus estimate of Rs 917 crore of the analysts tracked by Bloomberg.

The oil and gas company reported a profit of Rs 849 crore for the previous quarter.

The company's revenue from operations slipped 6.1% to Rs 12,227 crore, which missed the consensus estimate of Rs 13,191 crore.

On the operating side, earnings before interest, tax, depreciation and amortisation went up 3.7% quarter-on-quarter to Rs 1,247 crore. The margin expanded to 10.2% from 9.2%.

Q3 Highlights (Cons QoQ)

• Revenue down 6.1% at Rs 12,227 crore versus Rs 13,024 crore.

• Ebitda up 3.7% at Rs 1,247 crore versus Rs 1,202 crore.

• Margin at 10.2% versus 9.2%.

• Net profit up 2.1% at Rs 867 crore versus Rs 849 crore.

Petronet LNG entered into an agreement with Deepak Phenolics for the sale and purchase of 250 KTA propylene and 11 KTA hydrogen. The propylene and hydrogen will be sold from the company’s petrochemical complex at Dahej. This would be for a period of 15 years from the date of the first supply of propylene and hydrogen by Petronet to Deepak Phenolics.

The company said that the contract does not fall into party-related transactions.

Shares of Petronet LNG Ltd. fell as much as 0.62% during the day to Rs 320.70 apiece on the National Stock Exchange. It closed 3.69% lower at Rs 310.80 per share, compared to a 1.14% advance in the benchmark Nifty. The share price has risen 18.20% on a year-to-date basis.

Ten out of the 36 analysts tracking the company have a 'buy' rating on the stock and twelve suggest a 'hold,' with 14 recommending a 'sell,' according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 11.6%.