During the quarter ended 31st March, 2018, Dahej terminal operated at around 109% of its name plate capacity and processed 207 TBTU of LNG which is 17% higher than the LNG quantities processed during the corresponding quarter i.e. 177 TBTU. The overall LNG volume processed by the company in the current quarter was 213 TBTU, registering a growth of 18% over the LNG volume processed in the corresponding quarter, which stood at 180 TBTU.

Cost of raw material consumed as a percentage to net sales rose 180 bps to 88.5% from 86.8% in corresponding previous quarter. Employee benefit as a percentage to net sales expenses was flat at 0.3% while other expenditure decreased 160 bps to 1.7%. The foreign exchange fluctuation on purchase of LNG is a pass–through cost to the customers and has been included in cost of materials consumed

Other income fell 31% to Rs 103.4 crore compared to Rs 150.77 crore in corresponding previous year quarter leading 21% rise in PBIDT to Rs 925.47 crore. Interest cost fell 29% to Rs 33.45 crore while depreciation remained flat at Rs 101.25 crore. The resultant PBT increased 28% to Rs 790.77 crore. Effective tax rate increased 1000 bps to 33.9% resulting 11% increase in PAT to Rs 522.69 crore.

The significant increase in profit over the corresponding FY 2016-17 and quarter ended 31st March, 2017 respectively, is due to higher volumes processed owing to increase in the Regasification capacity of the Dahej Terminal and better efficiency in operations.

The Board of Directors has recommended a dividend of Rs. 4.50 per equity share of Rs 10 each (45 %) for the FY 2017-18 subject to the approval of the shareholders.

For year ended March 2018 sales increased24% to Rs 30598.62 crore as against Rs 24616.03 crore in previous year. The operating profit margins of the company rose 30 bps to 10.8% leading 28% increase in operating profits to 3312.35 crore.

Cost of raw material consumed as a percentage to net sales rose 20 bps to 87.2%. Employee benefit as a percentage to net sales too was flat at 0.3% while other expenditure decreased 50 bps at 1.7%. The foreign exchange fluctuation on purchase of LNG is a pass–through cost to the customers and has been included in cost of materials consumed

Other income decreased 8% to Rs 317.4 crore leading a 24% rise in PBDIT to Rs 3629.75 crore. Interest cost fell 22% to Rs 162.99 crore while depreciation increased 12% to Rs 411.65 crore. The resultant PBT increased 29% to Rs 3055.11 crore.

Effective tax rate increased 430 bps to 32% resulting 22% increase in PAT to Rs 2077.85 crore.

During FY 2017-18, the company's Dahej Terminal operated at 107% of its name plate capacity and processed highest ever LNG quantities of 816 TBTU, which is 14% above the LNG quantities processed in FY 2016-17, i.e. 714 TBTUs. The overall quantities processed by the company in FY 2017-18 was 848 TBTU as compared to 728 TBTU processed in 2016-17, registering a growth of 16%.

The scrip closed Rs 210 at BSE