Revenue from operations stood at Rs 13,873.93 crore in the quarter ended 31 March 2023, registering a growth 24.3% as against Rs 11,160.37 crore recorded in Q4 FY22.

Profit before tax tumbled 19.8% to Rs 822.63 crore in the fourth quarter of FY23 as compared to Rs 1,025.69 crore posted in the corresponding quarter previous year.

Total expenses spiked 28.73% year on year (YoY) to Rs 13,210.18 crore in Q4 FY23. During the quarter, cost of materials consumed surged 29.18% YoY to Rs 12,637.07 crore while employee benefit expenses slipped 20.31% YoY to Rs 34.46 crore.

On full year basis, the company's consolidated net profit fell 3.3% to Rs 3,325.82 crore on 38.8% jump in net sales to Rs 59,899.35 crore in FY23 over FY22.

Meanwhile, the firms' board has recommended a final dividend of Rs 3 per equity share for the financial year 2022-23, subject to approval of shareholders.

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 31 March 2023.