PLPetronet LNG532522Dividend news update

Board declares interim dividend of Rs. 7 per share for FY 2026-27

Interim dividend of Rs. 7 per share declared for FY 2026-27.

By ScoutQuest · Mon 2 Nov 2026, 4:04 PM IST · 2 min read

Interim Dividend

Rs. 7 per share for FY 2026-27

Revenue from Operations (Q2FY27)

Rs. 7,200.35 crore vs Rs. 11,009.13 crore a year ago

Profit After Tax (Q2FY27)

Rs. 1,235.40 crore

Dividend declared

• The Board, at its meeting on 2 November 2026, declared an interim dividend of Rs. 7 per share on equity shares of face value Rs. 10 each for the financial year 2026-27.
• The record date and the payment/despatch date for this interim dividend will be intimated in due course.
• An interim dividend is a part of the year's payout declared ahead of the final dividend; the amount is per equity share held on the record date.

Quarter ended 30 September 2026 (standalone, unaudited)

• Revenue from operations Rs. 7,200.35 crore, against Rs. 11,009.13 crore in the same quarter a year earlier.
• Profit after tax Rs. 1,235.40 crore for the quarter.
• The results were approved by the Board and carry an independent auditors' limited review report.

What is weighing on operations

• The company buys LNG from QatarEnergy LNG S (2) under a long-term agreement on a free-on-board (FOB) basis, with corresponding long-term gas sale agreements with customers in India.
• Armed conflict and related hostilities in the Middle East region, which began on 28 February 2026, disrupted maritime navigation through the Strait of Hormuz and LNG loading in the region.
• Force Majeure conditions that started in March 2026 continued through the quarter ended 30 September 2026; a few cargoes were delivered on a best-effort basis through alternate voyage charters.
• The dedicated LNG vessels that bring the cargo to India stayed out of operation from 2 March 2026, apart from brief use of one vessel in June 2026.

Two items the auditor highlighted

• Use or Pay dues: trade receivables include UoP dues of Rs. 408.23 crore gross, against which a provision of Rs. 230.72 crore has been made. These dues arise when customers use less than the regasification capacity they booked under long-term agreements but remain liable to pay.
• Under a settlement arrangement, some customers have brought in LNG and the company has waived part of these dues by charging them to the profit and loss statement. Bank guarantees for the outstanding dues of CY 2023 and CY 2024 have been received, and the company says it remains confident of recovery as the amounts are contractually owed.
• Vessel owners' claims: owners of the dedicated vessels and associated costs have claimed Rs. 625.42 crore plus applicable taxes as on 30 September 2026. The company has not recognised a provision, as in its assessment the claims are not tenable under the time charter agreements; the owners have initiated arbitration and the outcome and financial impact cannot presently be determined.
• The auditors' conclusion is not modified by these matters.

What to watch

• The record date announcement, which decides who is entitled to the interim dividend.
• Progress on recovery of the Use or Pay dues and the arbitration with the vessel owners.

Overall, the announcement pairs a cash payout with a quarter in which revenue from operations was well below the year-earlier level, and where large items on dues and vessel claims remain unresolved in the accounts.

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