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Petronet LNG internet revenue up 8% in Q1

State-run Petronet LNG reported an Eight per cent Y-o-Y development in consolidated internet revenue at ₹725 crore within the April-June quarter of the present monetary yr.

Nevertheless, on a sequential foundation, the nation’s largest pure gasoline importer reported an Eight per cent decline in consolidated internet revenue in comparison with ₹791 crore in This autumn FY22.

Petronet LNG reported its highest ever turnover of ₹14,264 crore in Q1 FY23, in opposition to ₹8,598 crore in Q1 FY22 and ₹11,160 crore in This autumn FY22.

The corporate’s complete bills in the course of the June quarter had been larger by 72 per cent on a Y-o-Y foundation at ₹13,469 crore. On a Q-o-Q foundation, the bills had been larger by 31 per cent.

“We achieved our highest ever turnover in Q1 FY23. The corporate was in a position to obtain sturdy monetary outcomes regardless of excessive LNG costs, owing to optimisation in its operation,” Petronet LNG Chief Govt Officer AK Singh stated.

Attributable to international change volatility, the lease legal responsibility has an accounting affect of international change loss amounting to ₹124 crore, as per the provisions of the related Indian Accounting Requirements (Ind AS), he added.

Throughout the June quarter, Dahej terminal processed 196 trillion British thermal models (TBTU) of liquefied pure gasoline (LNG) in opposition to 194 TBTU processed in the course of the year-ago quarter and 178 TBTU processed in This autumn FY22. The general LNG quantity processed by the corporate stood at 208 TBTU in opposition to 209 TBTU in Q1 FY22 and 190 TBTU in This autumn FY22.

Revealed on

August 05, 2022


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