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2w ago

Petronet LNG Reports 25% Q1 Profit Drop, Approves 5 MMTPA Gopalpur Terminal

Funding will come from a mix of debt and equity, with the Gopalpur terminal expected to be operational in about three years.

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Overview

  • Net profit for Q1 FY26 fell 25% year-on-year to Rs 824.44 crore, driven by softer global LNG prices and lower domestic volumes.
  • Revenue from operations declined 11% to Rs 11,879.86 crore in the quarter ended June 30, 2025.
  • The board green-lit a switch from a 4 MMTPA floating unit to a 5 MMTPA land-based LNG terminal at Gopalpur at a total approved cost of Rs 6,354.8 crore.
  • The incremental investment of Rs 4,048.8 crore will be met through debt-equity financing and is slated for completion in roughly three years.
  • Petronet LNG remains India’s largest LNG importer, handling about 74% of national imports while expanding regasification capacity at Dahej and Kochi terminals.