Petronet LNG Q2 Net Profit Soars 51% To Rs 1,256 Cr Amid Hormuz Crisis

What happened

Petronet LNG reported a 51.3 per cent year-on-year rise in consolidated profit after tax to Rs 1,256.43 crore in the second quarter of FY27, even as revenue from operations fell 34.6 per cent amid disruptions to LNG supplies from Qatar caused by the Strait of Hormuz crisis.

Confirmed

Global impact / market context

Higher profit on lower revenue means Petronet kept more of each sale, which is profit per sale, likely from cheaper alternative supply deals and strong terminal use. That matters because profit held up even when the Qatar supply route was disrupted, showing the business can adapt.

Analyst inference

Petronet is claiming Rs 625.42 crore plus taxes from owners of its dedicated LNG vessels after their operations were suspended. This claim, alongside the Dahej terminal running at 73 per cent capacity after expanding to 22.5 million tonnes a year, points to costs and unused capacity investors should weigh.

Analyst inference

What to watch

1. Dahej terminal is operating at 73 per cent capacity utilisation after expanding to 22.5 million tonnes annually, so watch whether usage rises toward that new limit and lifts throughput revenue. Confirmed
2. Watch whether Petronet recovers the Rs 625.42 crore plus taxes claimed from owners of its dedicated LNG vessels, since a recovery would add cash available, while a dispute could raise costs. Proposed
3. Watch whether alternative sourcing arrangements keep LNG flowing if the Strait of Hormuz crisis persists, because any supply gap could cut terminal use, revenue and profit per sale. Analyst inference

Evidence

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