{"id":168642,"date":"2023-10-30T22:15:34","date_gmt":"2023-10-30T19:15:34","guid":{"rendered":"http:\/\/kupitiblog.store\/576r\/petronet-lng-reports-9-yoy-growth-in-q2-fy24-net-profit\/"},"modified":"2023-10-30T22:15:34","modified_gmt":"2023-10-30T19:15:34","slug":"petronet-lng-reports-9-yoy-growth-in-q2-fy24-net-profit","status":"publish","type":"post","link":"https:\/\/kupitiblog.store\/576r\/petronet-lng-reports-9-yoy-growth-in-q2-fy24-net-profit\/","title":{"rendered":"Petronet Lng Reports 9% YoY Growth In Q2 FY24 Net Profit"},"content":{"rendered":"<p><img decoding=\"async\" src=\"http:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2023\/10\/f511e7f2db2a10eea0c5f5ccc62b08a8.jpg\"  \/><br \/>\n<span class=\"text\"> <\/span><br \/>\n<i class=\"imgGrad\"><\/i><\/p>\n<p>&nbsp;<\/p>\n<p>India&#8217;s Petronet LNG has reported a robust Q2 FY24 financial performance, with a consolidated net profit of Rs 856 crore ($114 million), marking a 9% YoY increase. The surge in profit is credited to operational efficiency and over 90% capacity utilization at the Dahej terminal. <\/p>\n<p>The company&#8217;s total income for the quarter was Rs 12,686 crore ($1.69 billion), showing a sequential increase, although it represented an annual decrease. The Dahej terminal processed more LNG compared to previous periods, further contributing to the company&#8217;s solid performance.<\/p>\n<p>Petronet LNG&#8217;s board has approved a petrochemicals project that includes a Propane Dehydrogenation Plant (PDH) and a Polypropylene (PP) plant at Dahej. The board also declared an interim dividend of Rs 7 per share. <\/p>\n<p>Looking back at FY23, the company recognized &#171;Use or Pay charges&#187; of Rs 848.92 crore ($113 million) due to lower capacity utilization by customers. <\/p>\n<p>The company has outlined plans for a significant investment in a petrochemicals complex at Dahej. The proposed \u20b920,685 crore ($2.75 billion) investment is aimed at diversifying revenues and enhancing energy efficiency through &#8216;ColdEnergy&#8217; utilization. This initiative is also expected to contribute to green belt area development.<\/p>\n<p>The anticipated petrochemicals complex project is projected to enhance self-efficiency, lead to significant socio-economic upliftment, and create substantial direct and indirect employment opportunities.<\/p>\n<\/p>\n<p><a target=\"_blank\" rel=\"nofollow noopener\" href=\"http:\/\/www.investing.com\/news\/stock-market-news\/petronet-lng-reports-9-yoy-growth-in-q2-fy24-net-profit-93CH-3214219\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; India&#8217;s Petronet LNG has reported a robust Q2 FY24 financial performance, with a consolidated net profit of Rs 856 crore ($114 million), marking a 9% YoY increase. The surge in profit is credited to operational efficiency and over 90% capacity utilization at the Dahej terminal. The company&#8217;s total income for the quarter was Rs &hellip;<\/p>\n","protected":false},"author":1,"featured_media":168644,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3349],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Petronet Lng Reports 9% YoY Growth In Q2 FY24 Net Profit - BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Petronet Lng Reports 9% YoY Growth In Q2 FY24 Net Profit - BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.\" \/>\n<meta property=\"og:description\" content=\"&nbsp; India&#8217;s Petronet LNG has reported a robust Q2 FY24 financial performance, with a consolidated net profit of Rs 856 crore ($114 million), marking a 9% YoY increase. The surge in profit is credited to operational efficiency and over 90% capacity utilization at the Dahej terminal. The company&#8217;s total income for the quarter was Rs &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/kupitiblog.store\/576r\/petronet-lng-reports-9-yoy-growth-in-q2-fy24-net-profit\/\" \/>\n<meta property=\"og:site_name\" content=\"BiznesSMI - \u043a\u043e\u0442\u0438\u0440\u043e\u0432\u043a\u0438 \u0432\u0430\u043b\u044e\u0442, \u0430\u043a\u0446\u0438\u0438, \u0444\u043e\u0440\u0435\u043a\u0441, \u0438\u043d\u0434\u0435\u043a\u0441\u044b, \u0430 \u0442\u0430\u043a\u0436\u0435 \u0442\u0435\u0445\u043d\u0438\u0447\u0435\u0441\u043a\u0438\u0439 \u0430\u043d\u0430\u043b\u0438\u0437, \u0433\u0440\u0430\u0444\u0438\u043a\u0438, \u0444\u0438\u043d\u0430\u043d\u0441\u043e\u0432\u044b\u0435 \u043d\u043e\u0432\u043e\u0441\u0442\u0438 \u0438 \u0430\u043d\u0430\u043b\u0438\u0442\u0438\u043a\u0430.\" \/>\n<meta property=\"article:published_time\" content=\"2023-10-30T19:15:34+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/kupitiblog.store\/576r\/wp-content\/uploads\/2023\/10\/f511e7f2db2a10eea0c5f5ccc62b08a8-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"533\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"\u041f\u0440\u0438\u043c\u0435\u0440\u043d\u043e\u0435 \u0432\u0440\u0435\u043c\u044f \u0434\u043b\u044f \u0447\u0442\u0435\u043d\u0438\u044f\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 \u043c\u0438\u043d\u0443\u0442\u0430\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/kupitiblog.store\/576r\/#website\",\"url\":\"https:\/\/kupitiblog.store\/576r\/\",\"name\":\"BiznesSMI - 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