Revenue from operations stood at Rs 11,656.38 crore in the quarter ended 30 June 2023, registering a growth 18.28% as against Rs 14,263.82 crore reported in Q1 FY23.

Profit before tax in Q1 FY24 was at Rs 1,091.56 crore, up 13.6% from Rs 960.91 crore posted in the corresponding quarter previous year.

Total expenses reduced by 20.25% year on year (YoY) to Rs 10,741.03 crore in Q1 FY24.

Petronet LNG was formed as a joint venture by the Government of India to import liquefied natural gas (LNG) and set up LNG terminals in the country, involving India's leading oil and natural gas industry players like Oil & Natural Gas Corporation (ONGC), Bharat Petroleum Corporation (BPCL), Indian Oil Corporation (IOCL) and GAIL (India). Each company held a 12.50% stake in Petronet LNG as of 30 June 2023.

Shares of Petronet LNG were down 0.28% to Rs 233.15 on the BSE.