Petronet LNG Q4FY22 PAT up 23.99% at Rs791 crore on higher gasification costs in the quarter

12 May 2022 , 06:33 PM

Petronet LNG Ltd reported 47.33% growth in sales revenues yoy for the Q4FY22 quarter on consolidated basis at Rs11,160 crore. On a sequential basis, revenues were lower for the quarter by -11.41%.

For the full year FY22, the revenues were higher by 65.9% at Rs43,169 crore. For Q4FY22, the sales did improve on higher volumes and better price realizations.

However, global trade lines were constrained by the Ukraine war leading to lower sales for Petronet LNG on a sequential basis.

Net cash from operations were lower as the cash profit growth was offset by a sharp spike in the inventory and trade receivables levels.

The consolidated net profit for Q4FY22 was up 23.99% at Rs791 crore while it was down on a sequential basis by -31.78%.

The higher gasification costs led to profits growing slower than the sales. The input raw material costs are also up more than 50% on a yoy basis.

Net margins stood at 7.09% in Q4FY22 quarter compared to 8.42% in Q4FY21. NPM was lower sequentially against 9.20% in Q3FY22. The board of directors have recommended final dividend of Rs.4.50 per share subject to shareholder approval.

Financial highlights for Mar-22 compared yoy and sequentially

	Petronet LNG
Rs in Crore	Mar-22	Mar-21	YOY	Dec-21	QOQ
Total Income (Rs cr)	₹ 11,160	₹ 7,575	47.33%	₹ 12,597	-11.41%
Net Profit (Rs cr)	₹ 791	₹ 638	23.99%	₹ 1,159	-31.78%
Diluted EPS (Rs)	₹ 5.27	₹ 4.25		₹ 7.73
Net Margins	7.09%	8.42%		9.20%