Reported Earnings • May 05
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: ₹26.08 (down from ₹26.49 in FY 2025). Revenue: ₹434.9b (down 15% from FY 2025). Net income: ₹39.1b (down 1.5% from FY 2025). Profit margin: 9.0% (up from 7.8% in FY 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) exceeded analyst estimates by 5.1%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 8% per year. Announcement • Apr 29
Petronet LNG Limited to Report Q4, 2026 Results on May 04, 2026 Petronet LNG Limited announced that they will report Q4, 2026 results on May 04, 2026 Valuation Update With 7 Day Price Move • Mar 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹238, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Oil and Gas industry in India. Total returns to shareholders of 20% over the past three years. Reported Earnings • Feb 13
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹5.80 (down from ₹6.01 in 3Q 2025). Revenue: ₹113.8b (down 6.9% from 3Q 2025). Net income: ₹8.70b (down 3.6% from 3Q 2025). Profit margin: 7.6% (up from 7.4% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.8%. Earnings per share (EPS) also missed analyst estimates by 3.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 02
Petronet LNG Limited to Report Q3, 2026 Results on Feb 12, 2026 Petronet LNG Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Announcement • Jan 09
Petronet LNG Limited Announces Board Changes Petronet LNG Limited announced that the Company has received a letter no. L-11013/2/99-GP-II (E:41073) dated 8th January 2026 from Ministry of Petroleum and Natural Gas (MoP&NG), Government of India nominating Shri Neeraj Mittal, IAS (DIN: 05216366), Secretary, MoP&NG on the Board of Petronet LNG Limited in place of Shri Pankaj Jain, IAS (DIN: 00675922). Announcement • Jan 03
Petronet LNG Limited Announces Cessation of Director and Chairman Shri Pankaj Jain Effective January 1, 2026 Petronet LNG Limited informed that pursuant to Letter No. L-11013/2/99-GP-II (E:41073) dated January 2, 2026 received from Ministry of Petroleum & Natural Gas, Government of India, Shri Pankaj Jain has demitted the office of Secretary, PNG on December 31, 2025, consequent upon his superannuation and has thus ceased to be the Director and Chairman of Petronet LNG Limited with effect from January 1, 2026. Announcement • Nov 24
Petronet LNG Limited Announces Cessation of Muker Jeet Sharma as Independent Director, Effective November 24, 2025 Petronet LNG Limited announced that Shri Muker Jeet Sharma, who was the Independent Director of the Company, has ceased to be the Director on the Board with effect from November 24, 2025 consequent upon completion of three years tenure on November 23, 2025. Declared Dividend • Nov 12
First half dividend of ₹7.00 announced Dividend of ₹7.00 is the same as last year. Ex-date: 14th November 2025 Payment date: 7th December 2025 Dividend yield will be 3.6%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (55% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 08
Second quarter 2026 earnings: EPS and revenues miss analyst expectations Second quarter 2026 results: EPS: ₹5.54 (down from ₹5.80 in 2Q 2025). Revenue: ₹112.4b (down 14% from 2Q 2025). Net income: ₹8.30b (down 4.6% from 2Q 2025). Profit margin: 7.4% (up from 6.7% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 10%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 9% per year. Announcement • Oct 24
Petronet LNG Limited to Report Q2, 2026 Results on Nov 07, 2025 Petronet LNG Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Announcement • Aug 14
Petronet LNG Limited, Annual General Meeting, Sep 24, 2025 Petronet LNG Limited, Annual General Meeting, Sep 24, 2025, at 15:30 Indian Standard Time. Reported Earnings • Jul 26
First quarter 2026 earnings released: EPS: ₹5.61 (vs ₹7.37 in 1Q 2025) First quarter 2026 results: EPS: ₹5.61 (down from ₹7.37 in 1Q 2025). Revenue: ₹118.8b (down 11% from 1Q 2025). Net income: ₹8.42b (down 24% from 1Q 2025). Profit margin: 7.1% (down from 8.2% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 03
Petronet Lng Limited Announces Retirement of Shri Manoj Kumar Pawa as Executive Director (Corporate Strategy & Planning), Effective June 30, 2025 Petronet LNG Limited informed the retirement of Shri Manoj Kumar Pawa as Executive Director (Corporate Strategy & Planning), effective 30th June 2025. Announcement • Jun 26
Petronet LNG Limited to Report Q1, 2026 Results on Jul 25, 2025 Petronet LNG Limited announced that they will report Q1, 2026 results on Jul 25, 2025 Declared Dividend • Jun 26
Final dividend of ₹3.00 announced Shareholders will receive a dividend of ₹3.00. Ex-date: 4th July 2025 Payment date: 1st January 1970 Dividend yield will be 3.3%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (51% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 17% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 21
Full year 2025 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2025 results: EPS: ₹26.48 (up from ₹24.35 in FY 2024). Revenue: ₹517.6b (down 1.8% from FY 2024). Net income: ₹39.7b (up 8.8% from FY 2024). Profit margin: 7.7% (up from 6.9% in FY 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) exceeded analyst estimates by 9.2%. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Mar 06
Now 20% overvalued Over the last 90 days, the stock has fallen 14% to ₹289. The fair value is estimated to be ₹240, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.9% over the last 3 years. Earnings per share has grown by 4.5%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 17% in the next 2 years. Reported Earnings • Jan 28
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹6.01 (down from ₹8.09 in 3Q 2024). Revenue: ₹124.2b (down 16% from 3Q 2024). Net income: ₹9.02b (down 26% from 3Q 2024). Profit margin: 7.3% (down from 8.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 14
Now 23% overvalued Over the last 90 days, the stock has fallen 8.2% to ₹326. The fair value is estimated to be ₹264, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 6.2%. Revenue is forecast to grow by 6.9% in 2 years. Earnings are forecast to grow by 5.1% in the next 2 years. Announcement • Jan 08
Petronet LNG Limited to Report Q3, 2025 Results on Jan 27, 2025 Petronet LNG Limited announced that they will report Q3, 2025 results on Jan 27, 2025 Announcement • Nov 29
Petronet LNG Limited Appoints Arvinder Singh Sahney as Additional Director The board of directors of Petronet LNG Limited at its meeting held on 29th November 2024, approved the appointment of Shri Arvinder Singh Sahney, Chairman, Indian Oil Corporation Limited (IOCL) as Additional Director (Nominee Director -IOCL) of the Company. Shri Arvinder Singh Sahney (DIN: 10652030), aged 54 years, is a Chemical Engineer from HBTI, Kanpur, with over three decades of expertise in the Refinery and Petrochemical sector. He brings extensive experience from working at five of IndianOil's nine refineries. At IndianOil, he has been instrumental in commissioning and optimizing key refinery units, including the 15 MMTPA Paradip Refinery, which has significantly bolstered India's refining capacity and energy security. Prior to his appointment as Chairman, he headed IndianOil's Petrochemical vertical, where he was instrumental in the conceptualization of various petrochemical projects, including the upcoming mega Petrochemical Complex at Paradip, poised to significantly expand IndianOil's footprint in the sector. A firm believer in people-centric leadership, Shri Sahney has championed Innovation and Digital transformation as drivers of growth and sustainability. His strategic vision and operational excellence have positioned IndianOil as a global energy major, well- equipped to meet the evolving energy needs of the nation. Shri Sahney also chairs Terra Clean Limited, a Wholly Owned Subsidiary (WoS) of IndianOil focused on sustainable solutions, and is a Director at IndOil Montney Ltd, Canada, IndianOil's WoS. Shri Arvinder Singh Sahney is not debarred from holding the office of director by virtue of any SEBI Order or order of any other authority. Buy Or Sell Opportunity • Nov 21
Now 22% overvalued Over the last 90 days, the stock has fallen 13% to ₹322. The fair value is estimated to be ₹263, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 6.2%. Revenue is forecast to grow by 7.7% in 2 years. Earnings are forecast to grow by 6.0% in the next 2 years. Declared Dividend • Oct 27
First half dividend of ₹7.00 announced Shareholders will receive a dividend of ₹7.00. Ex-date: 8th November 2024 Payment date: 23rd November 2024 Dividend yield will be 3.0%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is well covered by both earnings (11% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 26% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 15% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 26
Second quarter 2025 earnings released: EPS: ₹5.80 (vs ₹5.70 in 2Q 2024) Second quarter 2025 results: EPS: ₹5.80 (up from ₹5.70 in 2Q 2024). Revenue: ₹130.2b (up 3.9% from 2Q 2024). Net income: ₹8.71b (up 1.7% from 2Q 2024). Profit margin: 6.7% (down from 6.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 25
Petronet LNG Limited Declares Interim Dividend for the Financial Year 2024-25 The Board of Directors of Petronet LNG Limited in its meeting held on 24th October 2024, inter-alia, declared interim dividend of INR 7/- (Rupees seven only) per equity share (of the face value of INR 10/- each) of the Company for the Financial Year 2024-25. The Record and payment/despatch date for the above declared interim dividend for the Financial Year 2024-25 shall be intimated in due course of time, as per the statutory requirement. Announcement • Sep 04
Petronet LNG Limited Announces Change in Director Petronet LNG Limited received letter and email dated 2nd September 2024 and 3rd September 2024 from Indian Oil Corporation Limited (IOCL) which communicated the following: Withdrawal of nomination of Shri Shrikant Madhav Vaidya as Director on the Board of Petronet LNG Limited, consequent upon his superannuation from IOCL. Thus, he has ceased to be Director of the Company with effective 1 September 2024. Nomination of Shri Satish Kumar Vudugiri (DIN: 09322002), Chairman (Addl. Charge) and Director (Marketing), IOCL as a Nominee Director of IOCL on the Board of Petronet LNG Limited with effective 7 September 2024 in place of Shri Shrikant Madhav Vaidya. Announcement • Jul 30
Petronet LNG Limited Approves Final Dividend for the Financial Year 2023-24 Petronet LNG Limited announced that Final Dividend of INR 3/- (Rupees Three only) per share (on the face value of INR 10/- each) on the equity shares of the Company for the financial year 2023-24 as recommended by the Board of Directors in their Meeting held on 22 May, 2024 for approval of the shareholders, will be paid to the shareholders within 30 days of the date of its declaration by the shareholders in their 26 Annual General Meeting scheduled to be held on 6 September 2024, on the basis of the details of beneficial ownership furnished by the depositories and in respect of shares held in physical form to those Members whose names will appear on the Register of Members of the Company as on the close of business hours on 12th July, 2024 (Record Date). Price Target Changed • Jul 26
Price target increased by 7.3% to ₹307 Up from ₹286, the current price target is an average from 31 analysts. New target price is 18% below last closing price of ₹373. Stock is up 63% over the past year. The company is forecast to post earnings per share of ₹25.56 for next year compared to ₹24.35 last year. Announcement • Jul 26
Petronet LNG Limited, Annual General Meeting, Sep 06, 2024 Petronet LNG Limited, Annual General Meeting, Sep 06, 2024, at 15:30 Indian Standard Time. Reported Earnings • Jul 25
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: ₹7.37 (up from ₹5.46 in 1Q 2024). Revenue: ₹134.2b (up 15% from 1Q 2024). Net income: ₹11.1b (up 35% from 1Q 2024). Profit margin: 8.2% (up from 7.0% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) exceeded analyst estimates by 20%. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 05
Petronet LNG Limited to Report Q1, 2025 Results on Jul 24, 2024 Petronet LNG Limited announced that they will report Q1, 2025 results on Jul 24, 2024 Announcement • Jul 02
Petronet LNG Limited Appoints Yogananda Reddy as CGM and Chief Risk Officer Petronet LNG Limited announced the following change in the Senior Management Personnel of the Company with effect from 1 July 2024. Reason for change viz. appointment, removal, death or otherwise resignation: Designated as CGM & Vice-President (Technical & HSE) and Chief Risk Officer; Date of Appointment/Cessation (as applicable) & Term of appointment: July 1, 2024; Brief Profile (in case of appointment): Shri Yogananda Reddy, aged 57, graduate in Mechanical engineering from Bangalore University, is a maintenance engineer by profession. He has more than 34 years of industrial experience in the field of plant operations and maintenance. He is associated with LNG industry for more than 18 years and continuing. He had worked at both Dahej and Kochi terminals of the Company at various levels. In the past he has worked with Ammonia/Urea fertilizer plant, petroleum refinery and an inorganic chemicals complex. Announcement • Jul 01
Petronet LNG Limited Announces Retirement of Shri Sanjay Kumar Rastogi, GGM & President (Technical & HSE) Petronet LNG Limited hereby informed that the following Senior Management Personnel of PLL has retired from the services of the Company on 30th June 2024 due to attaining the age of superannuation: Shri Sanjay Kumar Rastogi, GGM & President (Technical & HSE). Buy Or Sell Opportunity • Jun 06
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 7.4% to ₹302. The fair value is estimated to be ₹241, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 21% over the last 3 years. Earnings per share has grown by 5.5%. For the next 3 years, revenue is forecast to grow by 3.9% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period. Price Target Changed • May 25
Price target increased by 10% to ₹277 Up from ₹252, the current price target is an average from 32 analysts. New target price is 9.3% below last closing price of ₹305. Stock is up 36% over the past year. The company is forecast to post earnings per share of ₹24.44 for next year compared to ₹24.35 last year. Reported Earnings • May 23
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: ₹24.35 (up from ₹22.17 in FY 2023). Revenue: ₹533.4b (down 11% from FY 2023). Net income: ₹36.5b (up 9.8% from FY 2023). Profit margin: 6.8% (up from 5.6% in FY 2023). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 5.6%. Revenue is forecast to grow 4.2% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 9% per year. Announcement • May 17
Petronet Lng Limited Announces Board Changes Petronet LNG Limited informed that Shri Sidhartha Pradhan (DIN: 06938830) has ceased to be Independent Director on the Board of the Company w.e.f. 16th May 2024 consequent upon completion of his 2nd term of three years on 15th May 2024. Further vide letter of even no. dated 22nd April 2024 regarding the appointment of Shri Raian Nogi Karanjawala (DIN: 02438943) as Additional Director (Independent Director), the same has become effective from 16th May 2024. Shri Raian Nogi Karanjawala (DIN: 02438943) (aged about 69 years) is having more than 41 years of rich experience and is well known for his keen legal strategy, solution-oriented approach, and his farsighted and practical advice to clients. He is an alumnus of St Columba's School, Shri Ram College of Commerce (of which he was both the Captain of the College Debating team and College Union President) and Government Law College, Mumbai. He was also conferred an Honorary Degree of Doctor of Laws (L.L.B.) Honoris Causa from Amity University, U.P. in 2014. Known as the `big picture guy' to his clients and one India's "50 most influential people" according to the India Magazine of 2004, Shri Raian Karanjawala is the co-founder of Karanjawala & Company, one of India's leading law firms, based in New Delhi, with close to 100 lawyers, offering top-notch legal advice and services to governments, corporate houses and who's who in the world of politics, business and films. Price Target Changed • Jan 31
Price target increased by 8.3% to ₹249 Up from ₹230, the current price target is an average from 30 analysts. New target price is 7.6% below last closing price of ₹269. Stock is up 24% over the past year. The company is forecast to post earnings per share of ₹22.80 for next year compared to ₹22.17 last year. Reported Earnings • Jan 30
Third quarter 2024 earnings released: EPS: ₹8.09 (vs ₹7.98 in 3Q 2023) Third quarter 2024 results: EPS: ₹8.09 (up from ₹7.98 in 3Q 2023). Revenue: ₹149.0b (down 5.5% from 3Q 2023). Net income: ₹12.1b (up 1.4% from 3Q 2023). Profit margin: 8.1% (up from 7.6% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Announcement • Dec 02
Petronet Lng Limited Appoints Shri Sanjay Bahadur Kumar as Executive Director (Plant Head- Dahej) Petronet LNG Limited informed that Shri Sanjay Bahadur Kumar, GGM & President (Operations) has taken the charge as GGM & President (Plant Head), Dahej effective December 1, 2023. Shri Samar Bahadur Singh designation is Executive Director (Plant Head- Dahej). Upcoming Dividend • Nov 03
Upcoming dividend of ₹7.00 per share at 5.1% yield Eligible shareholders must have bought the stock before 10 November 2023. Payment date: 29 November 2023. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 5.1%. Within top quartile of Indian dividend payers (1.4%). Higher than average of industry peers (2.2%). Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: ₹5.70 (vs ₹5.24 in 2Q 2023) Second quarter 2024 results: EPS: ₹5.70 (up from ₹5.24 in 2Q 2023). Revenue: ₹125.3b (down 22% from 2Q 2023). Net income: ₹8.56b (up 8.9% from 2Q 2023). Profit margin: 6.8% (up from 4.9% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 31
Petronet LNG Limited Approves Interim Dividend for the Fiscal Year 2024, Payable on 24 November, 2023 Petronet LNG Limited at its meeting held on October 30, 2023, approved interim dividend of INR 7 per equity share (of the face value of INR 10 each) of the Company for the fiscal year 2024. The interim dividend, subject to tax deduction at source (TDS) as per the provisions of Income Tax Act, 1961, shall be paid on 24 November, 2023. The dividend warrants would be posted on or after 24 November, 2023 and within 30 days from the date of declaration of interim dividend as provided in the Companies Act, 2013. Announcement • Oct 01
Petronet LNG Limited Approves Final Dividend for the Financial Year 2022-23 Petronet LNG Limited approved Final dividend of INR 3.00 per share (of the face value of INR 10 each) of the Company for the financial year 2022-23 at the Annual General Meeting held on September 28, 2023. Announcement • Aug 12
Petronet LNG Limited, Annual General Meeting, Sep 28, 2023 Petronet LNG Limited, Annual General Meeting, Sep 28, 2023, at 15:00 Indian Standard Time. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: ₹5.46 (vs ₹4.83 in 1Q 2023) First quarter 2024 results: EPS: ₹5.46 (up from ₹4.83 in 1Q 2023). Revenue: ₹116.6b (down 18% from 1Q 2023). Net income: ₹8.19b (up 13% from 1Q 2023). Profit margin: 7.0% (up from 5.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.0% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Reported Earnings • May 04
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₹22.17 (down from ₹22.92 in FY 2022). Revenue: ₹604.2b (up 40% from FY 2022). Net income: ₹33.3b (down 3.3% from FY 2022). Profit margin: 5.5% (down from 8.0% in FY 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 5.5%. Earnings per share (EPS) also surpassed analyst estimates by 3.3%. Revenue is forecast to grow 3.0% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Oil and Gas industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Reported Earnings • Jan 22
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Third quarter 2023 results: EPS: ₹7.98 (up from ₹7.73 in 3Q 2022). Revenue: ₹157.8b (up 25% from 3Q 2022). Net income: ₹12.0b (up 3.2% from 3Q 2022). Profit margin: 7.6% (down from 9.2% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) also surpassed analyst estimates by 49%. Revenue is forecast to decline by 6.0% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in India are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Jan 04
Petronet LNG Limited to Report Q3, 2023 Results on Jan 20, 2023 Petronet LNG Limited announced that they will report Q3, 2023 results on Jan 20, 2023 Announcement • Dec 15
Petronet Lng Limited Announces Cessation of Rajesh Kumar Srivastava as Director on the Board Petronet LNG Limited announced that Shri Rajesh Kumar Srivastava (DIN: 08513272) as Director on the Board of Petronet LNG Limited. Thus, he has ceased to be Director of the Companyeffective 14th December 2022. Announcement • Nov 25
Petronet LNG Limited Appoints Muker Jeet Sharma as Independent Director Petronet LNG Limited informed that the Board of Directors of the Company, have accorded their approval in its Meeting held on 24th November 2022 for appointment of Shri Muker Jeet Sharma (DIN: 07599788) [(aged 68 years), Indian Forest Service (Retd.)] with effect from 24th November 2022. Brief Profile of Shri Muker Jeet Sharma: Shri Muker Jeet Sharma is a Science Graduate from Jammu, Post-graduate in M.Sc. (Geography) from Punjab University, Chandigarh and M.Sc. (Forestry) from F.R.I., Dehradun. Shri Sharma has rich experience of more than 40 years in administration, soil & water conservation, global warming, pollution control, climate change, ecology & environment protection, business strategy, consultancy and project management. He has served State Forest Service from 1978 to 1985 and thereafter, he was in Indian Forest Service from 1985 until 2014. He retired as Addl. Principle Chief Conservator of Forest, Indian Forest Services, after serving the Indian Government for over 36 years. During his tenure, he undertook and led numerous initiatives to promote the conservation and protection of forests in J&K (cadre-state) and community forestry. His efforts were recognized by way of the Indira Priyadarshini Vriksha Mitra Award presented to the Forest Department. He is also the Founder and serving as President of J&K Amateur Fencing Association. Upcoming Dividend • Nov 16
Upcoming dividend of ₹7.00 per share Eligible shareholders must have bought the stock before 21 November 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 20% and this is well supported by cash flows. Trailing yield: 5.4%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (2.4%). Reported Earnings • Nov 11
Second quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2023 results: EPS: ₹5.24 (down from ₹5.45 in 2Q 2022). Revenue: ₹159.9b (up 48% from 2Q 2022). Net income: ₹7.86b (down 3.9% from 2Q 2022). Profit margin: 4.9% (down from 7.6% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 1.6%. Revenue is expected to decline by 7.2% p.a. on average during the next 3 years, while revenues in the Oil and Gas industry in India are expected to grow by 4.2%. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Nov 10
Petronet LNG Limited Declares Special Interim Dividend for the Financial Year 2022-23 Petronet LNG Limited announced that the Board of Directors in its meeting held on 9 November, 2022, has declared special interim dividend of INR 7 per equity share (of the face value of INR 10 each) of the Company for the Financial Year 2022-23. The Record and payment/despatch date for the above said declared special interim dividend for the Financial Year 2022-23 shall be intimated in due course of time, as per the statutory requirement. Announcement • Nov 04
Petronet LNG Limited Appoints V R K Gupta as Additional Director (Nominee Director- BPCL) Petronet LNG Limited announced that the Board of Directors of the Company, have accorded their approval by passing resolution through circulation on 3rd November 2022, for appointment of the following director: Shri V R K Gupta (DIN: 08188547) (aged 51 years), Director Finance [with additional charge of C&MD and Director (HR)], Bharat Petroleum Corporation Limited (BPCL) as Additional Director (Nominee Director- BPCL) with effect from 1st November 2022. Shri Vetsa Rama Krishna Gupta is holding the charge of Director (Finance), BPCL with additional charge of C&MD and Director (HR). A BPCL veteran, Shri V R K Gupta has a well-rounded experience across Finance functions covering Commercial Finance, Corporate Accounts, Risk Management, Business plan, Budgeting, Treasury operations, etc. He is a Member of the Institute of Chartered Accountants of India (1998 batch) and a Bachelor of Commerce. He is also a Member of the Institute of Cost Accountants of India. He joined BPCL in August 1998 and has an illustrious career spanning over 24 years in BPCL in various Finance roles. He is currently a Board member in BPRL (Bharat Petro Resources Limited) and Fino Paytech Limited and he was also a Board member in the recently amalgamated BORL (Bharat Oman Refineries Limited), BGRL (Bharat Gas Resources Limited) and MAFFL (Mumbai Aviation Fuel Farm Facility Private Limited). As BPCL Board member, he has played an instrumental role in the formulation and implementation of strategy towards ensuring sustainable growth for the organization in the backdrop of the paradigm shift taking place in the energy landscape. He believes in the philosophy of growth with governance, driven by a dynamic blend of vision, agility, efficiency, and innovation for long-term value creation for the organization. Under his able leadership, BPCL swiftly completed the merger of BORL and BGRL, wholly owned subsidiaries, with BPCL, along with smooth onboarding of BORL and BGRL employees into the BPCL family. Announcement • Nov 02
Petronet LNG Limited Announces Change in Directorate Petronet LNG Limited announced Withdrawal of nomination of Shri Arun Kumar Singh as Director. Thus, he has ceased to be Director of the Company with effect from 1st November 2022. Nomination of Shri V R K Gupta Director Finance, BPCL as a Nominee Director of BPCL on the Board of Petronet LNG Limited with effect from 1st November 2022 in place of Shri Arun Kumar Singh. Buying Opportunity • Oct 31
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.0%. The fair value is estimated to be ₹258, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 6.7% over the last 3 years. Earnings per share has grown by 12%. Revenue is forecast to grow by 12% in 2 years. Earnings is forecast to grow by 4.2% in the next 2 years. Announcement • Sep 23
Petronet LNG Limited Approves Final Dividend for the Financial Year 2021-22 Petronet LNG Limited at the AGM held on September 21, 2022 approved final dividend of INR 4.50 per share (of the face value of INR 10 each) of the Company as recommended by the Board of Directors, for the financial year 2021-22. Announcement • Sep 13
Petronet LNG Limited Announces Management Appointments The Board of Directors of the Petronet LNG Limited, have accorded their approval by passing resolution for appointment of the following directors through circulation on 11th September 2022. Shri Mahesh Vishwanathan Iyer (DIN: 08198178) (aged about 59 years), C&MD & Director (BD), GAIL (India) Limited as Additional Director (Nominee Director GAIL) w.e.f. 1st September 2022. Brief Profile of Shri Mahesh Vishwanathan Iyer: Shri Mahesh Vishwanathan Iyer is an Electrical Engineer with more than 36 years of rich and diverse experience in GAIL in projects execution spanning 16 states, 150 districts and City Gas Distribution (CGD) projects in six cities. Shri Iyer is currently Chairman of GAIL Gas Limited, Konkan LNG Limited, Mahanagar Gas Limited, GAIL Global (USA) Inc., GAIL Global (USA) LNG LLC, GAIL Global (Singapore) Pte. Limited, Central UP Gas Limited, Brahmaputra Cracker and Polymer Limited and Director of Petronet LNG Limited (PLL), China Gas Holdings Ltd. & ONGC Tripura Power Company Limited. He had earlier worked as Executive Director (Projects) with the company. As a target- oriented professional, he has consistently delivered results in Projects, Operations and Maintenance roles. He has been part of the core team of GAIL for implementation of various long term and short-term strategies in GAIL. Shri Iyer was Director of Indradhanush Gas Grid Limited (IGGL) incorporated for implementation of North East Gas Grid. He has been associated with several non-core business areas like commissioning of the Dabhol LNG Terminal and implementation of 100 MW Wind power project, 5 MW Solar power projects and current thrust areas of City Gas Distribution (CGD) projects within short span of one year. Further, as confirmed by Shri Mahesh Vishwanathan Iyer, he does not have any inter- se relationship with the other Directors of the Company and he does not hold any equity shares in Petronet LNG Limited. Shri Rajesh Kumar Srivastava (aged 59 years), CMD (Additional Charge) & Director (Exploration), Oil and Natural Gas Corporation Limited as Additional Director (Nominee Director ONGC) effective 7th September 2022. Shri Rajesh Kumar Srivastava is the Chairman & Managing Director (additional Charge) and Director (Exploration) of Oil and Natural Gas Corporation Limited (ONGC). He is also the Chairman of ONGC Group of Companies having dominance in E&P sector and significant presence in refining, petrochemicals, power and renewables. He is the President of the Indian Geological Congress (IGL). He is an alumnus of Lucknow University where he acquired degree of Master of Science (Geology) followed by M. Tech degree in Engineering Geology from the prestigious Indian Institute of Technology, Kanpur. He also holds the prestigious Non- Executive Director Diploma from Financial Times, United Kingdom. Shri Srivastava is a visionary Exploration leader and industry veteran bringing with him an extremely rich professional experience spanning almost near to four decades. He joined ONGC in 1984 as a Geologist and has over the years risen in the hierarchy of ONGC by serving in different capacities and key positions, including position of Chief of Exploration and Development Directorate. Shri Srivastava has made rich contributions in various professional forums and bodies. He has played a key role in discoveries of hydrocarbons and making field development plans for major oil & gas fields of ONGC including fields in Assam and Assam Arakan Basin, Mumbai High, Bassein & Neelam, besides others. He is recognised as one of the best hands in the industry in the trade of Reservoir Modelling for preparation of field development plans, simulation studies for production forecasts and techno-economic evaluation of prospects. He has introduced the science of geo-cellular modelling in ONGC which is widely used across the organization. As an acknowledgement of his contributions he was awarded with `Geologist of the Year' in 2002 and honoured with the prestigious `National Mineral Award' in 2009. He played a key role in the formulation of `Hydrocarbon vision-2030 for North East India' driven by Ministry of Petroleum and Natural Gas, Government of India. He is also holding the charge of Indian Geological Congress as its President for the tenure 2021 to 2022. Pursuing continuous learning Mr. Srivastava has successfully completed the FT Non-Executive Director Diploma Program in 2022. Announcement • Sep 02
Petronet LNG Limited Announces Resignation of Manoj Jain as Director on the Board Petronet LNG Limited announced that pursuant to letter no. ND/GAIL/SECTT/2022 dated 1 September 2022 received from GAIL (India) Limited (GAIL), Shri Manoj Jain (DIN - 07556033), Nominee Director, GAIL has ceased to be the Director on the Board of the Company with effect from 1 September 2022 consequent upon his superannuation from the services of GAIL on 31 August 2022. Announcement • Aug 11
Petronet LNG Limited, Annual General Meeting, Sep 22, 2022 Petronet LNG Limited, Annual General Meeting, Sep 22, 2022, at 14:30 Indian Standard Time. Reported Earnings • Aug 06
First quarter 2023 earnings released: EPS: ₹4.83 (vs ₹4.47 in 1Q 2022) First quarter 2023 results: EPS: ₹4.83 (up from ₹4.47 in 1Q 2022). Revenue: ₹143.9b (up 67% from 1Q 2022). Net income: ₹7.25b (up 8.2% from 1Q 2022). Profit margin: 5.0% (down from 7.8% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 13%, compared to a 16% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Jul 14
Petronet LNG Limited to Report Q1, 2023 Results on Aug 05, 2022 Petronet LNG Limited announced that they will report Q1, 2023 results at 4:00 AM, Indian Standard Time on Aug 05, 2022 Announcement • Jun 23
Petronet LNG Limited Recommends Final Dividend for the Financial Year 2022 Petronet LNG Limited recommendation of Final Dividend for the financial year 2021-22 to the Final Dividend of INR 4.50 per share (on the face value of INR 10 each) on the equity shares of the Company for the financial year 2021-22 recommended by the Board of Directors of the Company in their meeting held on 11 May 2022. Reported Earnings • May 13
Full year 2022 earnings: EPS exceeds analyst expectations Full year 2022 results: EPS: ₹22.92 (up from ₹19.60 in FY 2021). Revenue: ₹431.7b (up 66% from FY 2021). Net income: ₹34.4b (up 17% from FY 2021). Profit margin: 8.0% (down from 11% in FY 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.7%. Over the next year, revenue is forecast to grow 22%, compared to a 21% growth forecast for the oil industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 12
Petronet LNG Limited Recommends Final Dividend for the Financial Year 2021-22 Petronet LNG Limited announced that the Board of Directors of the Company in its above said meeting has also, inter-alia, recommended final dividend of INR 4.50 per share (on the face value of INR 10 each) on the equity shares of the Company for the financial year 2021-22. The final dividend is subject to approval of shareholders in the forthcoming Annual General Meeting. Announcement • May 02
Petronet LNG Limited to Report Q4, 2022 Results on May 11, 2022 Petronet LNG Limited announced that they will report Q4, 2022 results on May 11, 2022 Announcement • Apr 10
Petronet LNG Limited Announces the Cessation of Arun Kumar as Independent Director Petronet LNG Limited announced that Shri. Arun Kumar has ceased to be the Independent Director on the Board of the company, effective from 9 April, 2022 consequent upon completion of three years' tenure on 8 April, 2022. Reported Earnings • Feb 10
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: ₹7.73 (up from ₹5.88 in 3Q 2021). Revenue: ₹126.7b (up 73% from 3Q 2021). Net income: ₹11.6b (up 32% from 3Q 2021). Profit margin: 9.2% (down from 12% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Earnings per share (EPS) also surpassed analyst estimates by 28%. Over the next year, revenue is expected to shrink by 5.3% compared to a 19% growth forecast for the industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Feb 10
Petronet LNG Limited Announces Board Appointments Petronet LNG Limited in its Meeting held on 9 February, 2022, have accorded their approval for appointment of following Directors: Shri Sanjeev Mitla (DIN:001604 78) as Additional Director (Independent Director) on the Board of Petronet LNG Limited with effect from February 9, 2022; and Shri Sundeep Bhutoria (DIN: 00733800) as Additional Director (Independent Director) on the Board of Petronet LNG Limited with effect from February 9, 2022. Executive Departure • Dec 03
Non-Executive Chairman Tarun Kapoor has left the company On the 30th of November, Tarun Kapoor's tenure as Non-Executive Chairman ended after 1.6 years in the role. We don't have any record of a personal shareholding under Tarun's name. A total of 4 executives have left over the last 12 months. The current median tenure of the management team is less than a year, which is considered inexperienced in the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2022 earnings released: EPS ₹5.45 (vs ₹6.13 in 2Q 2021) The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2022 results: Revenue: ₹108.9b (up 75% from 2Q 2021). Net income: ₹8.18b (down 11% from 2Q 2021). Profit margin: 7.5% (down from 15% in 2Q 2021). The decrease in margin was driven by higher expenses. Director Overboarding • Sep 11
Director Arun Singh sitting on 3 company boards Arun Singh has been appointed as the CEO of Bharat Petroleum Corporation Limited (NSEI:BPCL). Singh now sits on a total of 3 company boards. With 3 board positions including the role of CEO at Bharat Petroleum Corporation Limited (NSEI:BPCL), the director is at risk of having too many board obligations according to the Simply Wall St Risk Model. Announcement • Sep 07
India in Talks to Acquire 9.9% in Arctic LNG 2 Indian companies are in talks to acquire 9.9% in Arctic LNG 2 liquefied natural gas project of independent gas producer PAO NOVATEK (LSE:NVTK), a source in the Indian delegation told reporters on September 6, 2021.
“Yes, entering the project as a shareholder is being discussed," the source said, adding that the companies in question are “a consortium of Petronet LNG Limited (NSEI:PETRONET) and ONGC Videsh Limited " and the stake is “9.9%". Reported Earnings • Aug 15
First quarter 2022 earnings released: EPS ₹4.47 (vs ₹3.33 in 1Q 2021) The company reported a solid first quarter result with improved earnings and revenues, although profit margins were weaker. First quarter 2022 results: Revenue: ₹86.7b (up 78% from 1Q 2021). Net income: ₹6.70b (up 34% from 1Q 2021). Profit margin: 7.7% (down from 10% in 1Q 2021). The decrease in margin was driven by higher expenses. Reported Earnings • Jun 11
Full year 2021 earnings released: EPS ₹19.59 (vs ₹18.02 in FY 2020) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2021 results: Revenue: ₹260.2b (down 27% from FY 2020). Net income: ₹29.4b (up 8.7% from FY 2020). Profit margin: 11% (up from 7.6% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Price Target Changed • Jun 11
Price target decreased to ₹281 Down from ₹305, the current price target is an average from 2 analysts. New target price is 21% above last closing price of ₹232. Stock is down 9.0% over the past year. Announcement • May 26
BPCL Reportedly Planning to Sell Stake in Petronet and Indraprastha Gas Bharat Petroleum Corporation Limited (NSEI:BPCL) is planning to sell a part of its stake in Petronet LNG Limited (NSEI:PETRONET) and Indraprastha Gas Limited (BSE:532514) (IGL) to shed its promoter status to obviate the need for its new owner to make open offers for the two gas companies. The company holds 12.5% of shareholding in India's largest liquefied natural gas importer, Petronet, and a 22.5% stake in city gas retailer, IGL. It is a promoter of both the listed companies and holds board positions. Executive Departure • Apr 11
Non-Executive Nominee Director has left the company On the 9th of April, Shashi Shanker's tenure as Non-Executive Nominee Director ended after 3.5 years in the role. We don't have any record of a personal shareholding under Shashi's name. A total of 8 executives have left over the last 12 months. Executive Departure • Apr 01
Independent Director has left the company On the 31st of March, Jyoti Shukla's tenure as Independent Director ended after 6.0 years in the role. We don't have any record of a personal shareholding under Jyoti's name. A total of 7 executives have left over the last 12 months. Is New 90 Day High Low • Mar 16
New 90-day low: ₹237 The company is down 10.0% from a price of ₹264 on 16 December 2020. Underperformed the Indian market, which is up 13% over the last 90 days. Lagged the Oil and Gas industry, which is up 7.0% over the same period. Simply Wall St's valuation model estimates the intrinsic value at ₹212 per share. Reported Earnings • Feb 12
Third quarter 2021 earnings released: EPS ₹5.88 (vs ₹4.53 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₹74.3b (down 17% from 3Q 2020). Net income: ₹8.82b (up 30% from 3Q 2020). Profit margin: 12% (up from 7.6% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Analyst Estimate Surprise Post Earnings • Feb 12
Earnings beat expectations, revenue disappoints Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 28%. Over the next year, revenue is forecast to grow 24%, compared to a 30% growth forecast for the Oil and Gas industry in India.