Petronet LNG Ltd, India's biggest liquefied natural gas importer, on Thursday reported a 5 per cent rise in the December quarter net profit as usage at its Kochi terminal rose to an all-time high. Net profit of Rs 848 crore in October-December 2025 - the third quarter of the current 2025-26 fiscal year - compared with Rs 806 crore earnings in the same period a year back, a company statement said. The company which operates two facilities at Dahej in Gujarat and Kochi in Kerala for import of natural gas in its liquid form (LNG), saw overall volume throughput rise by 2 per cent to 228 trillion British thermal units. "Capacity utilisation of the (17.5 million tonnes a year) Dahej terminal stood at 94 per cent in the current quarter, up from 92 per cent in the previous quarter and 93 per cent in the corresponding quarter," it said. "The (5 million tonnes a year) Kochi terminal achieved the highest ever capacity utilization of 29 per cent in the current quarter. Kochi operations have be
Petronet LNG chief says any additional US LNG imports will hinge on pricing; Q3 consolidated net profit declines 2.4% to Rs 845.50 crore
Reliance Industries was the biggest dragger on the Nifty Oil & Gas Index, while ONGC helped limit the losses on Tuesday.
OMC's are well positioned to benefit from fall in crude prices, improvement in refining margins, fuel consumption growth and petchem demand growth in India.
Petronet LNG is developing ethane unloading, storage and handling (USH) facilities with ethane storage tank capacity of 1,70,000 cubic meters at Dahej, Gujarat
According to Nuvama, the outlook for OMCs is clouded by high capital expenditure commitments and rising under-recoveries, which are set to keep return ratios suppressed.
On the bourses around 10:15 AM, Petronet LNG shares were struggling as the scrip was trading 1.31% lower at ₹273.95. In comparison, BSE Sensex was trading 0.29% lower at 83,289.99 levels.