Petronet LNG Limited (PLL) shares dipped over 2% in early trade after the company reported a decline in its Q3 FY25 financial performance. As of 9:59 AM, the shares were trading 1.37% lower at Rs 306.55.
The company reported that its revenue from operations fell 17.1% to ₹12,226.86 crore from ₹14,747.21 crore in Q3 FY24. Profit after tax (PAT) dropped 27.2% to ₹866.59 crore compared to ₹1,190.30 crore in the same period last year.
The decline is attributed to lower LNG imports and reduced global demand, which adversely impacted realizations. Competitive pressures and sub
In the meantime, Petronet LNG announced definitive agreements with Deepak Phenolics Limited (DPL) for the supply of 250 KTA of propylene and 11 KTA of hydrogen over 15 years. The supplies will originate from PLL’s upcoming petrochemical complex in Dahej, Gujarat.
Approved by PLL’s Board of Directors on January 27, 2025, this deal underscores the company’s commitment to expanding its portfolio and supporting sustainable industrial applications.
