Petronet LNG Limited today declared its financial results for Q1, FY 2020-21, reporting a steady growth. In a virtual press meet addressed by its Managing Director and CEO Akshay Kumar Singh, V.K. Mishra – Director Finance and Pramod Narang – Director Technical, the following were the highlights of the results :-
a) Growth in volume throughput of the current quarter Q1, FY 2021-22 over the corresponding quarter Q1, FY 2020-21 by 10%
b) Growth in Profit Before Tax (PBT) of the current Q1, FY 2021-22 over the corresponding quarter Q1, FY 2020-21 by 22%
c) Growth in Profit After Tax (PAT) of the current quarter Q1, FY 2021-22 over the corresponding quarter Q1, FY 2020-21 by 22%
During the quarter ended 30 th June, 2021 (current quarter), Dahej terminal processed 194 TBTU of LNG as against 181 TBTU processed during the corresponding quarter ended 30 th June, 2020 and 204 TBTU processed during the previous quarter ended 31 st March, 2021.
The overall LNG volume processed by the Company in the current quarter was 209 TBTU, as against the LNG volume processed in the corresponding and previous quarters, which stood at 190 TBTU and 218 TBTU respectively. The Company has reported PBT of Rs 851 Crore in the current quarter, as against Rs 697 Crore in the corresponding quarter and Rs 856 Crore in the previous quarter. The PAT for the current quarter was reported at Rs 636 Cr as against the PAT of the corresponding quarter and previous quarter of Rs 520 Crore and Rs 623 Crore respectively.