{
  "id": 17880201,
  "title": "Petronet LNG reports 52.3% growth in net profits, in talks for availing undelivered cargoes",
  "url": "https://urgent.news/2026/11/02/petronet-lng-reports-52-3-growth-in-net-profits-in-talks-for-availing",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T23:00:32.000Z",
  "source": {
    "name": "The Hindu",
    "slug": "the-hindu",
    "url": "https://www.thehindu.com/business/Industry/petronet-lng-reports-523-growth-in-net-profits-in-talks-for-availing-undelivered-cargoes/article71658131.ece"
  },
  "original_language": "en",
  "account": "State-owned Petronet LNG reported a 53.2% increase in net profits for the September-end quarter, attributed to enhanced operational efficiency. However, the company has been grappling with the issue of undelivered cargoes from its major supplier, Qatar, amidst the ongoing conflict in West Asia. Petronet LNG announced a dividend of ₹7 per equity share.\n\nThe company's net profit for the reported quarter was ₹1,235 crore, compared to ₹806 crore in the same period last year. Despite a 35% decline in revenue from operations to ₹7,200.35 crore, the company processed 231 trillion British Thermal Units (TBTU), exceeding the 228 TBTU processed in the previous year. However, capacity utilization at the Dahej terminal dropped to 64%, down from 78% in the same period last year.\n\nPetronet LNG is actively engaged in discussions with QatarEnergy to retrieve the pending cargoes affected by the force majeure situation. The company aims to secure deliveries before the contractual deadline of May 2028. According to Petronet LNG's Chairman and Managing Director, Akshay Kumar Singh, the contractual terms allow the recovery of lost cargoes for one year after the contract's expiration.\n\nGranules India, another major player in the industry, saw a 39% rise in net profit to ₹182 crore, driven by higher revenue despite increased input and logistics costs due to the ongoing tensions in West Asia.",
  "summary": "Along with their results, Petronet LNG also declared a dividend of ₹7 per equity share",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}