Petronet LNG Q2 FY24 Results: Consolidated PAT Rises to Rs. 855.74 Cr

Petronet LNG plans ₹20,685 Cr petchem plant in Dahej

Petronet LNG Q2 FY24 Results Today

Petronet LNG Q2 results show revenue up from 11,801.04 crores to 12,686.18 crores, a 7.50% increase in growth. EPS rose from ₹5.46 to ₹5.70, up by 4.40%.

Quarter-on-Quarter Basis Results (Q2 FY2024):

Petronet LNG shared its Q2 results on Monday. They earned 12,686.18 crores in revenue this quarter, but that’s more than the 11,801.04 crores they made last quarter. The company’s growth increased by 7.50 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 855.74 crores, up from 819.28 crores in the previous quarter. Their quarter-to-quarter growth increased by 4.45 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹5.70, which is an increase of 4.40% from the ₹5.46 EPS in the previous quarter.

Year-over-Year Basis Results (Q2 FY2024):

The company made a total revenue of 12,686.18 crores this year (2023), which is 21.07 percent lower than last year’s total revenue of 16,073.66 crores.

This year’s PAT (Profit After Tax) is 855.74 crores, which is also 8.91% higher than last year’s PAT of 785.73 crores.

The EPS (Earnings Per Share) for this year is ₹5.70, which is 8.78% less than the EPS of ₹5.24 earned last year.

Year-over-Year Basis Results (Half Year Ended FY2024):

In the first half of 2023, the company generated a total revenue of 24,487.22 crores, marking a 19.61% decrease compared to the previous year’s 30,461.66 crores.

The PAT (Profit After Tax) for this half-year stands at 1,675.02 crores, showing a 10.89% growth over the previous year’s 1,510.56 crores.

The EPS (Earnings Per Share) for this half-year is ₹11.17, representing a 10.92% increase from the previous half-year’s EPS of ₹10.07.

Petronet LNG Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Petronet LNG:

Petronet LNG Limited (PLL) is an Indian company specializing in the oil and gas industry. It primarily focuses on the importation and processing of liquefied natural gas (LNG). Established by the Government of India, PLL’s primary objective is to facilitate LNG importation and establish LNG terminals within the nation’s borders. Notably, PLL holds the distinction of operating the largest LNG import terminal globally.

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