Petronet LNG has reported a net profit of ₹1,070.18 crore for the fourth quarter of financial year 2024–25 (FY25), up 45 per cent year-on-year (YoY). The company had posted a profit of ₹737.58 crore in the same quarter of the previous year.
The company’s revenue from operations declined by 10.71 per cent to ₹12,315.75 crore in Q4FY25, compared to ₹13,793.16 crore in Q4FY24.
The profit growth has been attributed to a fall in expenses. Total expenses dropped 14 per cent YoY to ₹11,069.46 crore in the March quarter.
The Board of Directors, at its meeting held on 19 May 2025, recommended a final dividend of ₹3 per equity share with a face value of ₹10.
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For the full financial year, net profit rose 8.7 per cent to ₹3,972.68 crore in FY25, compared to ₹3,652.4 crore in FY24.
However, the company’s total income for FY25 fell by 2.97 per cent to ₹51,755 crore, down from ₹53,337.79 crore the previous year.
In an exchange filing, the company disclosed that a significant portion of its trade receivables as of 31 March 2025 pertain to ‘Use or Pay’ (UoP) dues.
“We draw your attention to Note 3 of the Statement regarding recoverability of trade receivables as at 31st March 2025,” the company said. “These include ‘Use or Pay’ dues amounting to ₹1,421.56 crore (gross) and ₹952.41 crore (net) after making a provision of ₹469.15 crore. These dues have arisen due to lower capacity utilisation by customers under long-term regasification agreements entered into by the company.”