|
Consolidated net sales of
Petronet LNG have increased 25.23% to Rs 15775.87 crore. Operating profit
margin has declined from 13.75% to 10.62%, leading to 3.29% decline in
operating profit to Rs 1,674.90 crore.
Raw material cost as a % of total sales (net of stock adjustments)
increased from 84.90% to 87.83%.
Employee cost increased from 0.28% to 0.29%. Other expenses rose from 1.07% to 1.26%.
During the current quarter
ended 31st December, 2022, Dahej terminal processed 154 TBTU of LNG as against
182 TBTU during the previous quarter ended 30th September, 2022 and 196 TBTU
during the corresponding quarter ended 31st December, 2021. The overall LNG
volume processed by the Company in the current quarter was 167 TBTU, as against
the LNG volume processed in the previous and corresponding quarters, which
stood at 192 TBTU and 208 TBTU respectively.
Other income rose 149.78%
to Rs 179.64 crore. PBIDT rose 2.82% to
Rs 1854.54 crore. Provision for interest
rose 4.87% to Rs 81.35 crore.
PBDT rose 2.72% to Rs
1773.19 crore. Provision for
depreciation fell 0.68% to Rs 192.32 crore.
Profit before tax grew
3.15% to Rs 1,580.87 crore. Share of
profit/loss was 27.30% higher at Rs 20.52 crore. Provision for tax was expense of Rs 404.93
crore, compared to Rs 389.2 crore.
Effective tax rate was 25.29% compared to 25.13%.
The company was able to
achieve robust financial results despite high LNG prices, owing to optimization
in its operation.
Minority interest was nil in
both the periods. Net profit
attributable to owners of the company increased 3.19% to Rs 1,196.46
crore.
Promoters’ stake was 50.00%
as of 31 December 2022 compared to 50.00% as of 31 December 2021.
For year-to-date (YTD) results analysis
Net sales of Petronet LNG
have increased 43.79% to Rs 46025.42 crore. Operating profit margin has
declined from 12.75% to 8.50%, leading to 4.13% decline in operating profit to
Rs 3,911.43 crore. Raw material cost as
a % of total sales (net of stock adjustments) increased from 85.27% to
89.77%. Employee cost decreased from
0.42% to 0.29%. Other expenses fell from 1.56% to 1.44%.
During the current nine
months ended 31st December, 2022, Dahej terminal processed 532 TBTU of LNG as
against 615 TBTU processed during the corresponding nine months ended 31st
December, 2021. The overall LNG volume processed by the Company in the current
nine months was 567 TBTU, as against the LNG volume processed in the
corresponding nine months, which stood at 657 TBTU.
Other income rose 81.06% to
Rs 391.75 crore. PBIDT rose 0.16% to Rs
4303.18 crore. Provision for interest
rose 1.38% to Rs 240.3 crore.
PBDT rose 0.09% to Rs
4062.88 crore. Provision for
depreciation fell 0.53% to Rs 575.77 crore.
Profit before tax grew 0.19%
to Rs 3,487.11 crore. Share of
profit/loss was 108.30% higher at Rs 110.46 crore. Provision for tax was expense of Rs 890.55
crore, compared to Rs 886.46 crore.
Effective tax rate was 24.75% compared to 25.09%.
Minority interest was nil
in both the periods. Net profit
attributable to owners of the company increased 2.26% to Rs 2,707.02
crore.
Promoters’ stake was 50.00%
as of 31 December 2022 compared to 50.00% as of 31 December 2021.
The scrip is trading at Rs 222
at BSE
|
Petronet LNG : Consolidated
Results
|
|
Particulars
|
2212 (03)
|
2112 (03)
|
Var.(%)
|
2212 (09)
|
2112 (09)
|
Var.(%)
|
2203 (12)
|
2103 (12)
|
Var.(%)
|
|
Net Sales
|
15,775.87
|
12,597.22
|
25
|
46,025.42
|
32,008.20
|
44
|
43,168.57
|
26,022.90
|
66
|
|
OPM (%)
|
10.6
|
13.8
|
|
8.5
|
12.8
|
|
12.2
|
18.1
|
|
|
OP
|
1,674.90
|
1,731.83
|
-3
|
3,911.43
|
4,080.07
|
-4
|
5,248.69
|
4,699.54
|
12
|
|
Other Inc.
|
179.64
|
71.92
|
150
|
391.75
|
216.36
|
81
|
297.73
|
359.08
|
-17
|
|
PBIDT
|
1,854.54
|
1,803.75
|
3
|
4,303.18
|
4,296.43
|
0
|
5,546.42
|
5,058.62
|
10
|
|
Interest
|
81.35
|
77.57
|
5
|
240.3
|
237.04
|
1
|
317.33
|
335.95
|
-6
|
|
PBDT
|
1,773.19
|
1,726.18
|
3
|
4,062.88
|
4,059.39
|
0
|
5,229.09
|
4,722.67
|
11
|
|
Depreciation
|
192.32
|
193.64
|
-1
|
575.77
|
578.83
|
-1
|
768.46
|
784.09
|
-2
|
|
PBT
|
1,580.87
|
1,532.54
|
3
|
3487.11
|
3480.56
|
0
|
4460.63
|
3938.58
|
13
|
|
Share of Profit/(Loss) from Associates
|
20.52
|
16.12
|
27
|
110.46
|
53.03
|
108
|
98.65
|
18.93
|
421
|
|
PBT before EO
|
1601.39
|
1548.66
|
3
|
3597.57
|
3533.59
|
2
|
4559.28
|
3957.51
|
15
|
|
EO Income
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
PBT after EO
|
1601.39
|
1548.66
|
3
|
3597.57
|
3533.59
|
2
|
4559.28
|
3957.51
|
15
|
|
Taxation
|
404.93
|
389.2
|
4
|
890.55
|
886.46
|
0
|
1121.17
|
1018.28
|
10
|
|
PAT
|
1196.46
|
1159.46
|
3
|
2707.02
|
2647.13
|
2
|
3438.11
|
2939.23
|
17
|
|
Minority Interest (MI)
|
0
|
0
|
-
|
0
|
0
|
-
|
0
|
0
|
-
|
|
Net profit
|
1196.46
|
1159.46
|
3
|
2707.02
|
2647.13
|
2
|
3438.11
|
2939.23
|
17
|
|
EPS (Rs)*
|
#
|
#
|
|
#
|
#
|
|
22.9
|
19.6
|
|
|
Notes
|
|
* EPS is on current equity of Rs 1,500.00 crore, Face value of
Rs 10, Excluding extraordinary items.
|
|
# EPS is not annualised
|
|
bps : Basis points
|
|
EO : Extraordinary items
|
|
Figures in Rs crore
|
|
Source: Capitaline Corporate Database
|
|