Volume recovery, attractive valuation positive triggers for Petronet LNG

Adjusted PAT, excluding the impairment adjusted for tax, was ₹945 crore in Q1FY26. Reported PAT of ₹842 crore includes the impairment

Petronet LNG delivered a fairly strong performance during the April-June quarter (Q1) of FY26, but the stock has seen a correction.

 

Revenue was reported at ₹11,880 crore, while earnings before interest, taxes, depreciation and amortisation (Ebitda) stood at ₹1,160 crore. Profit after tax (PAT) was lifted by higher other income. Total volumes came in above estimates, due to higher third-party and service cargos.

 

In Q1FY26, Dahej throughput was down 16.5 per cent year-on-year (Y-o-Y) to 207 trillion British Thermal Unit (TBTU). Kochi throughput was 13TBTU, 7.1 per cent lower. Total volumes were down 16 per cent at 220TBTU.

 

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