PETRONET2024-10-012024-12-31 PETRONET2024-10-012024-12-31 PETRONET2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member PETRONET2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member PETRONET2024-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 532522 PETRONET NOTLISTED Petronet LNG Limited Equity 2024-04-01 2025-03-31 2025-01-27 2025-01-08 INR Crores Third quarter 14:30:00 16:35:00 2025-01-27 2025-01-27 Not applicable Single segment Natural gas business 2024-10-01 2024-12-31 Unaudited Consolidated 122268600000.00 1962100000.00 124230700000.00 105625800000.00 0.00 0.00 634700000.00 650700000.00 2096000000.00 3537800000.00 112545000000.00 11685700000.00 0.00 11685700000.00 3170400000.00 -150600000.00 3019800000.00 0.00 8665900000.00 0.00 0.00 0.00 351100000.00 9017000000.00 -600000.00 9016400000.00 0.00 0.00 0.00 0.00 15000000000.00 10 6.01 6.01 0.00 0.00 6.01 6.01 0.00 0.00 0.00 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Holding Company at their respective meetings held on 27th January 2025.The statutory auditors of the Holding Company have carried out limited review of the aforesaid results. 2. The Holding Company primarily operates in the business of import and processing of liquified natural gas. Accordingly, there is only one Reportable Segment i.e. Natural Gas Business . Hence, no specific disclosure has been made w.r.t. operating segments. 3. Trade receivables includes Use or Pay (UoP) dues of Rs 1666.25 crore (gross) (net - Rs. 963.42 crore after making provision of Rs. 702.83 crore) as at 31st December 2024, arising due to lower capacity utilisation by the customers pursuant to the relevant provisions under long term regasification contracts entered into by the Holding Company with the customers. Such UoP dues pertain to Financial Year (FY) 2021-22 (Calendar Year (CY) 2021), FY 2022-23 (CY 2022) and FY 2023-24 (CY 2023) amounting to Rs.360.94 crore, Rs 695.31 crore and Rs.610.00 crore respectively. During the FY 2023-24, the Board of Directors of the Holding Company had approved a recovery mechanism for these UoP dues of CY 2021 and CY 2022, pursuant to agreement with the customers. The Holding Company has obtained bank guarantees from the customers to secure the recovery of UoP dues of these two years. In line with the earlier years, the Board of Directors vide its meeting dated 27th January 2025 has approved a recovery mechanism for UoP dues of CY 2023. The management is in process of implementing the same with the customers including obtaining bank guarantees to secure the UoP dues. The customers have not given balance confirmation towards UoP dues. The management is confident that the payment would be recovered / settled in due course, being a contractual obligation. As a matter of accounting prudence, the Holding Company has considered appropriate to make a time-based provision of Rs.702.83 crore as at 31st December 2024 (Rs.358.02 crore as at 31st March 2024) towards UoP dues. Pursuant to the relevant provision under long term regasification contracts entered into by the Holding Company with the customers, income of Rs.117.27 crore towards UoP for CY 2024, arising out of lower capacity utilisation by a customer and being a contractual obligation, has been recognised as other operating income in the statement of profit and loss during the quarter ended 31st December 2024. 4. As per the terms of the Settlement Agreement for Use of Pay (UoP) dues for CY 2021 and CY 2022, some of the customers have brought LNG quantities up to 31st December 2024, for which revenue has been recognised at the prevailing Regasification Rate. Correspondingly, the Holding Company has waived off UoP dues amounting to Rs. 48.87 crore and Rs 183.71 crore for the quarter and nine months ended 31st December 2024 respectively by charging it to statement of profit and loss. 5. Previous year/period figures have been regrouped and rearranged to make them comparable with current period figures. Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 386662800000.00 5755700000.00 392418500000.00 334662600000.00 0.00 0.00 1742800000.00 1971900000.00 6004300000.00 10139300000.00 354520900000.00 37897600000.00 0.00 37897600000.00 10660400000.00 -926200000.00 9734200000.00 0.00 28163400000.00 0.00 0.00 0.00 614400000.00 28777800000.00 -74600000.00 28703200000.00 0.00 0.00 0.00 0.00 15000000000.00 10 19.19 19.19 0.00 0.00 19.19 19.19 0.00 0.00 0.00 Other expenses 3537800000.00 Other expenses 10139300000.00 -600000.00 -74600000.00 0.00 0.00 0.00 0.00