Petronet LNG studies 14% year-on-year rise in PAT at Rs 3,352 crore in FY 2021-22

India’s high fuel importer Petronet LNG reported its highest ever revenue earlier than tax (PBT) and revenue after tax (PAT) in monetary yr (FY) 2021-22.

The firm reported 13 per cent year-on-year rise in its PBT at Rs 4,474 crore for FY 2021-22 whereas the PAT grew 14 per cent on-year at Rs 3,352 crore.

In the quarter ended March 2021 (This fall), the Petronet LNG reported PBT of Rs 984 crore, up almost 15 per cent on-year whereas its PAT throughout the quarter jumped over 20 per cent on-year to Rs Rs 750 crore. In the previous quarter ended December 2021 (Q3), the PBT was Rs 1,533 crore whereas the PAT stood at Rs 1,144 crore.

In an announcement, the corporate stated that it was in a position to obtain sturdy monetary outcomes owing to environment friendly industrial administration inspite of excessive and unstable spot fuel costs throughout the yr.

Considering the sturdy efficiency, Petronet LNG’s Board of Directors has accepted closing dividend of Rs 4.50 per share.

The firm’s Dahej terminal processed 178 TBTU of LNG in This fall, in opposition to 196 TBTU in Q3 and 204 TBTU throughout the corresponding yr in the past. The general LNG quantity processed by Petronet within the present quarter was 190 TBTU, in opposition to 208 TBTU in Q3 and 218 TBTU yr in the past.

For FY 2021-22, the corporate processed 847 TBTU, in opposition to the throughput of 896 TBTU within the earlier yr.