During the quarter ended 30th September, 2017 (current quarter), PLL processed highest ever combined throughput in a quarter at 220 TBTU. The Dahej terminal processed highest ever quantity of 210 TBTU of LNG and had operated at around 110% of its name plate capacity. The Dahej Terminal witnessed increase in throughput over the previous quarter by 14% (Q1 17-18 at 184 TBTU) and increase in throughput over the corresponding quarter by 14% (Q2 16-17 at 185 TBTU) respectively. The Kochi Terminal processed highest ever quantity of 10 TBTU of LNG.

Cost of raw material consumed as a percentage to net sales fell 30 bps to 86.8% from 87.1% in corresponding previous quarter. Employee benefit as a percentage to net sales expenses fell 10 bps to 0.2% while other expenditure decreased 20 bps to 1.4%. 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 11% to Rs 101.93 crore compared to Rs 91.49 crore in corresponding previous year quarter leading 22% rise in PBIDT to Rs 1000.66 crore. Interest cost fell 16% to Rs 46.45 crore while depreciation increased 21% to Rs 103.86 crore. The resultant PBT increased 26% to Rs 850.35 crore. Effective tax rate decreased 130 bps to 30.8% resulting 28% increase in PAT to Rs 588.78 crore.

The growth in both PBT and PAT is due to higher volumes processed because of the increase in the Regasification capacity, post expansion of the Dahej Terminal and better efficiency achieved in the operations.

For half year ended September 2017 sales increased 19% to Rs 14205.34 crore as against Rs 11951.70 crore in previous year. The operating profit margins of the company rose 10 bps to 11.6% leading 20% increase in operating profits to 1642.94 crore.

Cost of raw material consumed as a percentage to net sales was flat at 86.5%. Employee benefit as a percentage to net sales too was flat at 0.3% while other expenditure decreased 10 bps at 1.6%. 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 increased 23% to Rs 172.6 crore leading a 20% rise in PBDIT to Rs 1815.54 crore. Interest cost fell 16% to Rs 92.9 crore while depreciation increased 24% to Rs 206.53 crore. The resultant PBT increased 23% to Rs 1516.11 crore.

Effective tax rate increased 30 bps to 32.3% resulting 23% increase in PAT to Rs 1026.36 crore.

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