During the quarter ended 31st December 2017 (current quarter), PLL processed highest ever combined throughput in a quarter at 223 TBTU. The Dahej terminal processed highest ever quantity of 215 TBTU of LNG and operated at around 113% of its name plate capacity. The Dahej Terminal witnessed increase in throughput over the previous quarter by 2% (Q2FY18 at 210 TBTU) and increase in throughput over the corresponding quarter by 15% (Q3FY17 at 187 TBTU) respectively. The Kochi Terminal processed a quantity of 8 TBTU of LNG.

Cost of raw material consumed as a percentage to net sales fell 110 bps to 87.1% from 88.2% in corresponding previous quarter. Employee benefit as a percentage to net sales expenses fell 10 bps to 0.3% while other expenditure decreased 10 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 25% to Rs 41.4 crore compared to Rs 55.03 crore in corresponding previous year quarter leading 34% rise in PBIDT to Rs 888.75 crore. Interest cost fell 29% to Rs 36.65 crore while depreciation increased 3% to Rs 103.88 crore. The resultant PBT increased 47% to Rs 748.22 crore. Effective tax rate increased 730 bps to 29.3% resulting 33% increase in PAT to Rs 528.79 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 nine months ended December 2017 sales increased 20% to Rs 21962.39 crore as against Rs 18250.99 crore in previous year. The operating profit margins of the company rose 50 bps to 11.3% leading 26% increase in operating profits to 2490.28 crore.

Cost of raw material consumed as a percentage to net sales fell 40 bps 86.7%. 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 9% to Rs 214 crore leading a 25% rise in PBDIT to Rs 2704.28 crore. Interest cost fell 20% to Rs 129.54 crore while depreciation increased 16% to Rs 310.4 crore. The resultant PBT increased 30% to Rs 2264.34 crore.

Effective tax rate increased 220 bps to 31.3% resulting 26% increase in PAT to Rs 1555.16 crore.

The scrip closed Rs 247 at BSE