Cost of raw material consumed as a percentage to net sales rose 40 bps to 86.2% from 85.8% in corresponding previous quarter. Employee benefit as a percentage to net sales expenses rose 10 bps to 0.4% while other expenditure decreased 10 bps to 1.8%. 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 rose 43% to Rs 70.67 crore compared to Rs 49.35 crore in corresponding previous year quarter leading 18% rise in PBIDT to Rs 814.88 crore. Interest cost fell 17% to Rs 46.45 crore while depreciation increased 27% to Rs 102.67 crore. The resultant PBT increased 20% to Rs 665.76 crore. The growth in profit before tax is due to higher volumes processed because of the increase in the Regassification capacity, post expansion of the Dahej Terminal and better efficiency achieved in the operations.

Effective tax rate increased 230 bps to 34.3% resulting 16% increase in PAT to Rs 437.58 crore.

Petronet LNG processed highest combined throughput at 192 TBTU. Dahej terminal processed 184 TBTU of LNG and had operated at around 97% of its average increased name plate capacity. The Dahej Terminal witnessed increase in throughput over the previous quarter by 4% (Q4FY17 at 178 TBTU) and increase in throughput over the corresponding quarter by 12% (Q1 FY17 at 165 TBTU) respectively. The Kochi Terminal processed highest ever quantity of 8 TBTU of LNG.

For year ended March 2017 sales decreased 9% to Rs 24616.03 crore as against Rs 27133.42 crore in previous year. The operating profit margins of the company rose 470 bps to 10.5% leading 63% increase in operating profits to 2592.27 crore.

Cost of raw material consumed as a percentage to net sales fell 540 bps to 87% from 92.4% in corresponding previous quarter. Employee benefit as a percentage to net sales was flat at 0.3% while other expenditure increased 70 bps at 2.2%. 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 doubled to Rs 346.64 crore leading a 67% rise in PBIDT to Rs 2938.91 crore. Interest cost fell 12% to Rs 209.65 crore while depreciation increased 15% to Rs 369.07 crore. The resultant PBT increased 97% to Rs 2360.19 crore.

Effective tax rate increased 390 bps to 27.7% resulting 87% increase in PAT to Rs 1705.67 crore.

The scrip closed Rs 212 at BSE