Petronet LNG Reports Q1 FY2026 Results; Gross Trade Receivables Stand at Rs 661.03 Crore
Petronet LNG Limited has released its unaudited financial results for the quarter ended June 30, 2026. The company reported both standalone and consolidated performance metrics showing key trends across revenue and profitability in the natural gas business segment.The detailed performance data for the quarter is presented below:
Petronet LNG Limited: Standalone Financial Results (in Rupees Crore)
| Particulars | Quarter Ended 30-Jun-26 (Unaudited) | Quarter Ended 31-Mar-26 (Audited) | Quarter Ended 30-Jun-25 (Unaudited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 5,554.14 | 9,442.09 | 11,879.86 | 43,494.91 |
| Other income | 234.48 | 200.16 | 242.33 | 895.44 |
| Total Income | 5,788.62 | 9,642.25 | 12,122.19 | 44,390.35 |
| Cost of materials consumed | 3,699.29 | 7,746.04 | 10,386.89 | 37,120.17 |
| Employee benefits expense | 67.06 | 56.58 | 63.54 | 272.84 |
| Depreciation and amortisation expense | 201.23 | 205.47 | 206.95 | 838.16 |
| Impairment Loss / (Reversal) - Net | 100.86 | (495.79) | 138.40 | (41.69) |
| Total Expenses | 4,274.19 | 7,847.28 | 10,986.08 | 39,232.80 |
| Profit before tax | 1,514.43 | 1,794.97 | 1,136.11 | 5,157.55 |
| Total tax expense | 381.71 | 456.92 | 285.53 | 1,314.88 |
| Profit after tax | 1,132.72 | 1,338.05 | 850.58 | 3,842.67 |
| Total comprehensive income | 1,132.72 | 1,340.41 | 850.58 | 3,837.28 |
Petronet LNG Limited: Consolidated Financial Results (in Rupees Crore)
The consolidated results reflect the performance of the Holding Company and its subsidiaries. Key figures for the quarter are as follows:
| Particulars | Quarter Ended 30-Jun-26 (Unaudited) | Quarter Ended 31-Mar-26 (Audited) | Quarter Ended 30-Jun-25 (Unaudited) | Year Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Total Income | 5,765.37 | 9,642.30 | 12,096.46 | 44,358.98 |
| Total Expenses | 4,274.53 | 7,847.91 | 10,986.60 | 39,235.08 |
| Profit before tax | 1,490.84 | 1,794.39 | 1,109.86 | 5,123.90 |
| Total tax expense | 382.57 | 456.80 | 285.42 | 1,314.49 |
| Profit after tax | 1,108.27 | 1,337.59 | 824.44 | 3,809.41 |
| Share of profit of joint ventures (net of tax) | 28.87 | 33.15 | 17.44 | 103.12 |
| Total comprehensive income | 1,137.15 | 1,373.23 | 841.88 | 3,907.29 |
Material Observations and Notes
The company's results highlight specific operational risks concerning receivables and marine assets. Trade receivables as of June 30, 2026, include 'Use or Pay' (UoP) dues amounting to Rs 661.03 crore gross, with a provision made of Rs 348.86 crore. These UoP dues pertain to FY2025-26 (CY 2025).
In terms of vessel operations, the company has engaged three dedicated LNG vessels under long-term Time Charter Agreements for transportation to India. The operation of all three vessels remained totally suspended since March 2, 2026, except for one vessel used for approximately seven days during the quarter. The aggregate claim by the owners of these vessels and associated costs stands at Rs 348.13 crore as on June 30, 2026. Management has stated that based on legal advice, these claims are not tenable under the relevant Time Charter Agreements, and no provision has been recognized for them.
The company also noted a waiver of UoP dues amounting to Rs 58.81 crore during the current quarter by charging it to the Statement of Profit and Loss.
PETRONET Stock Price Movement
On Wednesday, Petronet LNG Limited shares edged higher to close at ₹279.85, registering a 1.03% gain on the day.The equity traded amidst considerable activity, with the total volume reaching approximately 1.41 million shares in the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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