New Delhi: Petronet LNG Ltd, India’s largest liquefied natural gas (LNG) importer, reported a 5% year-on-year rise in net profit for the December quarter (Q3 FY26), driven by improved operational efficiencies and record capacity utilisation at its Kochi terminal.
Q3 FY26 Financial Highlights
- Net Profit: ₹848 crore vs ₹806 crore (↑5% YoY)
- Overall LNG Throughput: 228 trillion British thermal units (TBTU) (↑2% YoY)
The company attributed the improved quarterly performance to higher capacity utilisation and operational efficiency across its terminals.
Terminal-Wise Performance
Petronet operates two major LNG import terminals in India:
- Dahej Terminal (17.5 MMTPA) – Gujarat
- Kochi Terminal (5 MMTPA) – Kerala
Dahej Terminal
- Capacity Utilisation: 94% in Q3 FY26
- 92% in previous quarter
- 93% in Q3 FY25
- 92% in previous quarter
The Dahej terminal continued to operate at near-peak capacity, reinforcing its position as the backbone of India’s LNG imports.
Kochi Terminal Achieves Record Utilisation
- Capacity Utilisation: 29% (highest ever)
The Kochi terminal posted its best-ever quarterly performance. However, operations remain partially constrained due to limited pipeline connectivity for evacuation of gas to end-users.
Nine-Month Performance (April–December 2025)
Despite strong Q3 results, nine-month performance showed some moderation:
- Net Profit: ₹2,505 crore vs ₹2,856 crore (↓12% YoY)
- Dahej LNG Volume Processed: 632 TBTU vs 686 TBTU
- Total LNG Volume Processed: 682 TBTU vs 729 TBTU
The company processed lower volumes during the nine-month period compared to the previous fiscal year.
Operational Efficiency Drives Quarterly Growth
Petronet LNG stated that the robust financial performance in Q3 FY26 was supported by:
- Improved operational efficiencies
- Higher capacity utilisation at both terminals
- Record performance at the Kochi facility
The steady performance of the Dahej terminal and improving traction at Kochi contributed to the profit growth during the quarter.
About Petronet LNG Ltd
Petronet LNG Ltd is India’s largest importer of liquefied natural gas (LNG). The company operates LNG regasification terminals at Dahej in Gujarat and Kochi in Kerala, playing a crucial role in meeting the country’s natural gas demand for power, fertilizer, city gas distribution, and industrial sectors.
Read also: Petronet LNG Signs Five-Year LNG Regasification Agreement with ONGC at India Energy Week 2026
