Interim dividend of Rs. 7 per share declared; standalone Profit after tax Rs. 1,235.40 crore
Petronet LNG Ltd's board, meeting on 2nd November 2026, declared an interim dividend of Rs. 7/- per share (face value Rs. 10/- each) for FY 2026-27 💰 and approved unaudited standalone and consolidated results for the quarter and half.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 7,202.22 | 11,009.13 | −34.6% | 5,557.84 | +29.6% |
| Total income | 7,435.23 | 11,242.84 | −33.9% | 5,765.37 | +29% |
| Profit before tax | 1,658.24 | 1,078.65 | +53.7% | 1,490.84 | +11.2% |
| Profit after tax | 1256.43 | 830.30 | +51.3% | 1137.14 | +10.5% |
| Total comprehensive income | 1,256.44 | 830.29 | +51.3% | 1,137.15 | +10.5% |
| Basic EPS | 8.38 | 5.54 | +51.3% | 7.58 | +10.6% |
- Profit after tax YoY
- +51.3%
- Period
- Quarter Ended 30-Sep-26
Also decided at the meeting
- Declared interim dividend of Rs. 7/- per equity share (face value Rs. 10/- each) for FY 2026-27; record date and payment date to be intimated in due course.
Auditor's review
Conclusion: Unmodified
- Emphasis of Matter: recoverability of Use or Pay dues in trade receivables of Rs. 408.23 crore (gross), Rs. 177.51 crore (net) after provision of Rs. 230.72 crore (Note 3).
- Emphasis of Matter: vessel owners' claims aggregating Rs. 625.42 crore plus taxes, not provided for; arbitration initiated, outcome cannot presently be determined (Note 4).
Notes to the results
- Note 3: UoP dues Rs. 408.23 crore (gross); UoP dues of Rs. 252.80 crore (quarter) and Rs. 311.61 crore (half year) waived and charged to P&L; provision Rs. 230.72 crore.
- Note 4: Force Majeure from Middle East conflict continued till Q2; dedicated LNG vessels suspended; owners' claims Rs 625.42 crore plus taxes not provided, under arbitration.
Dividend and results in one update
The board of Petronet LNG Ltd met on 2nd November 2026 and approved the unaudited standalone and consolidated financial results for the quarter and half year ended 30th September 2026. In the same meeting it declared an interim dividend of Rs. 7/- per equity share on a face value of Rs. 10/- each for the financial year 2026-27. The record date and the payment/despatch date will be intimated in due course.
Standalone results, quarter ended 30th September 2026 (unaudited)
- Revenue from operations: Rs. 7,200.35 crore, against Rs. 11,009.13 crore in the quarter ended 30th September 2025.
- Total income: Rs. 7,432.44 crore.
- Profit before tax: Rs. 1,659.10 crore.
- Profit after tax: Rs. 1,235.40 crore, against Rs. 805.75 crore a year earlier.
- Basic and diluted EPS: Rs. 8.24 (not annualised).
Standalone results, half year ended 30th September 2026 (unaudited)
- Revenue from operations: Rs. 12,754.49 crore.
- Profit after tax: Rs. 2,368.12 crore.
- Basic and diluted EPS: Rs. 15.79 (not annualised).
What the auditor's review says
The independent auditor's limited review report on the standalone and consolidated results carries a conclusion that is not modified. Alongside that conclusion the auditor drew attention to two matters, which a reader should weigh separately:
- Use or Pay (UoP) dues inside trade receivables: Rs. 408.23 crore gross as at 30th September 2026, and Rs. 177.51 crore net after a provision of Rs. 230.72 crore. The company says a recovery mechanism has been agreed with customers, that some settlements happened during the quarter and half year, and that management is confident of recovery.
- Claims by owners of the company's dedicated LNG vessels and associated costs aggregating Rs. 625.42 crore plus applicable taxes, arising from suspension of vessel operations. No provision has been recognised, as the company considers the claims not tenable under the Time Charter Agreements; the owners have begun arbitration and the outcome and financial impact cannot presently be determined.
Why the vessels were out of service
The update describes armed conflict and related hostilities in the Middle East from 28th February 2026, which disrupted maritime navigation through the Strait of Hormuz and LNG loading in the region. Force Majeure conditions that began in March 2026 continued through the quarter ended 30th September 2026. The three dedicated LNG vessels Disha, Raahi and Aseem, taken under long-term Time Charter Agreements with India LNG Transport Company (No.1), (No.2) and (No.3) Limited respectively, stayed totally suspended since 2nd March 2026, except one vessel used for approximately seven days in June 2026.
Other points from the notes
- The company operates mainly in import and processing of liquefied natural gas, treated as a single reportable segment, so no segment-wise disclosure is given.
- Of the UoP dues, Rs. 252.80 crore was waived in the quarter and Rs. 311.61 crore in the half year, charged to the Statement of Profit and Loss. The provision for UoP stood at Rs. 306.82 crore as at 31st March 2026.
- Sale and Purchase Agreement with QatarEnergy LNG S (2) for 7.50 MMTPA of LNG on FOB basis from Qatar remains the supply arrangement described; during the quarter few cargoes were delivered through alternate voyage charters.
- Disclosure regarding outstanding default on loans and debt securities: Nil.
For a retail reader, the takeaways to track are the recoverability of the Use or Pay dues, the direction of the arbitration over the vessel claims, and the timeline for the dividend record date.
Also from Petronet LNG
Board declares interim dividend of Rs. 7 per share for FY 2026-27
2 Nov 2026
Board declares interim dividend of Rs. 7 per share for FY 2026-27; Q2 profit after tax Rs. 1,235.40 crore
2 Nov 2026
Writ petition shared against GST show cause notice on Use or Pay Charges; SCN proposes ₹283.72 crore
30 Oct 2026
More numbers
- Interim dividend per equity share, face value Rs. 10/- eachRs. 7/-
- Revenue from operations, standalone, quarter ended 30-Sep-26Rs. 7,200.35 crore
- Profit after tax, standalone, quarter ended 30-Sep-26Rs. 1,235.40 crore
- Profit after tax, standalone, half year ended 30-Sep-26Rs. 2,368.12 crore
- Use or Pay dues in trade receivables, grossRs. 408.23 crore
- Use or Pay dues, net after provisionRs. 177.51 crore
- Provision made against Use or Pay duesRs. 230.72 crore
- Claims by owners of dedicated LNG vessels, plus applicable taxesRs. 625.42 crore
- Total income, latest quarter7,435.23 (Rupees in crore)
- Total income, year-ago quarter11,242.84 (Rupees in crore)
- Total income, previous quarter5,765.37 (Rupees in crore)
- Total comprehensive income, latest quarter1,256.44 (Rupees in crore)
- Total comprehensive income, year-ago quarter830.29 (Rupees in crore)
- Total comprehensive income, previous quarter1,137.15 (Rupees in crore)
- Profit after tax, latest quarter1256.43 (Rupees in crore)
- Profit after tax, year-ago quarter830.30 (Rupees in crore)
- Profit after tax, previous quarter1137.14 (Rupees in crore)
- Revenue from operations, latest quarter7,202.22 (Rupees in crore)
- Revenue from operations, year-ago quarter11,009.13 (Rupees in crore)
- Revenue from operations, previous quarter5,557.84 (Rupees in crore)
- Profit before tax, latest quarter1,658.24 (Rupees in crore)
- Profit before tax, year-ago quarter1,078.65 (Rupees in crore)
- Profit before tax, previous quarter1,490.84 (Rupees in crore)
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