Petronet LNG Q1 FY26 Results: Revenues Slide, Profits Drop despite Expansion Plans

Unknown Apr 02, 2026 450 Views

Petronet LNG, India’s largest liquefied natural gas importer, recorded a challenging start to FY26 with its Q1 results reflecting pressure across key financial and operational metrics. Key Highlights Consolidated Revenue from Operations: ₹118.8 billion in the June quarter...

Petronet LNG, India’s largest liquefied natural gas importer, recorded a challenging start to FY26 with its Q1 results reflecting pressure across key financial and operational metrics.

Key Highlights

Consolidated Revenue from Operations: ₹118.8 billion in the June quarter, marking a 3.5% decline from the preceding quarter, primarily attributed to softer demand and lower throughput.

Consolidated Profit After Tax (PAT): ₹8.24 billion, down 21.8% quarter-on-quarter, reflecting headwinds from both external market conditions and internal operational factors.

EBITDA: Fell 23.2% to ₹11.6 billion from ₹15.13 billion in Q4 FY25, with EBITDA margin slipping to 9.7% (from 12.2% sequentially).

LNG Throughput: Total volume processed was 220 TBTU in Q1 FY26, down from 262 TBTU in the same quarter last year. Dahej terminal utilization also dropped to 92% versus 110% a year ago, stemming from lower power demand and plant shutdowns.

Expansion Plan: Board approved a ₹63.55 billion investment for a new 5 MTPA LNG land-based terminal at Gopalpur, Odisha, expanding its import capacity footprint.

Additional Updates

Entered a ₹12 billion regasification agreement with Deepak Fertilisers’ subsidiary for 25.6 TBTUs per year, strengthening future earnings visibility.

Petronet LNG’s share price ended 1.8% lower following results as market sentiment priced in the softer operational performance.

Q1 FY26: Key Metrics Table

Metric Q1 FY26 Change (QoQ)
Revenue from Operations (₹ Bn) 118.8 -3.5%
PAT (₹ Bn) 8.24 -21.8%
EBITDA (₹ Bn) 11.6 -23.2%
EBITDA Margin 9.7% -2.5pp
LNG Throughput (TBTU) 220 -
Gopalpur Terminal Investment (₹ Bn) 63.55 New proj.

Quick Take

Despite the tough quarter, Petronet LNG is positioning itself for the future with significant project investments and landmark regasification deals. While short-term pressures from lower demand and reduced plant utilization weighed on profitability, the company’s strategic focus remains set on infrastructure expansion and long-term volume growth.

Source: NDTV Profit, CNBC TV18, The Economic Times, TradingView/Reuters, CNBC TV18 live updates

Source: NDTV Profit, CNBC TV18, The Economic Times, TradingView/Reuters, CNBC TV18 live updatesPetronet LNG, India’s largest liquefied natural gas importer, recorded a challenging start to FY26 with its Q1 results reflecting pressure across key financial and operational metrics.

Key Highlights

Consolidated Revenue from Operations: ₹118.8 billion in the June quarter, marking a 3.5% decline from the preceding quarter, primarily attributed to softer demand and lower throughput.

Consolidated Profit After Tax (PAT): ₹8.24 billion, down 21.8% quarter-on-quarter, reflecting headwinds from both external market conditions and internal operational factors.

EBITDA: Fell 23.2% to ₹11.6 billion from ₹15.13 billion in Q4 FY25, with EBITDA margin slipping to 9.7% (from 12.2% sequentially).

LNG Throughput: Total volume processed was 220 TBTU in Q1 FY26, down from 262 TBTU in the same quarter last year. Dahej terminal utilization also dropped to 92% versus 110% a year ago, stemming from lower power demand and plant shutdowns.

Expansion Plan: Board approved a ₹63.55 billion investment for a new 5 MTPA LNG land-based terminal at Gopalpur, Odisha, expanding its import capacity footprint.

Additional Updates

Entered a ₹12 billion regasification agreement with Deepak Fertilisers’ subsidiary for 25.6 TBTUs per year, strengthening future earnings visibility.

Petronet LNG’s share price ended 1.8% lower following results as market sentiment priced in the softer operational performance.

Q1 FY26: Key Metrics Table

Metric Q1 FY26 Change (QoQ)

Revenue from Operations (₹ Bn) 118.8 -3.5%

PAT (₹ Bn) 8.24 -21.8%

EBITDA (₹ Bn) 11.6 -23.2%

EBITDA Margin 9.7% -2.5pp

LNG Throughput (TBTU) 220 -

Gopalpur Terminal Investment (₹ Bn) 63.55 New proj.

Quick Take