PETRONET2021-07-012021-09-30in-bse-fin:OneOperatingExpenses01Member PETRONET2021-07-012021-09-30in-bse-fin:FourOperatingExpenses01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares PETRONET 2021-04-01 2022-03-31 2021-11-02 INR Lakhs Half yearly true Cash Flow Indirect Single segment Natural Gas Business 2021-07-01 2021-09-30 Unaudited Standalone 108130800000.00 816400000.00 108947200000.00 92601500000.00 0.00 0.00 560800000.00 794400000.00 1935800000.00 2000000000.00 97892500000.00 11054700000.00 0.00 11054700000.00 3059800000.00 -235300000.00 2824500000.00 0.00 8230200000.00 0.00 0.00 0.00 0.00 8230200000.00 0.00 8230200000.00 0.00 0.00 15000000000.00 10 5.49 5.49 0.00 0.00 5.49 5.49 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at the meeting held on 9th November 2021. The Statutory auditors of the Company have carried out limited review of the aforesaid results. 2. The 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. In view of expected increase in capacity utilisation at Kochi terminal, the customers of the Company are asking for lower regasification tariff for Kochi Terminal w.e.f. 1st April 2019. The Company is in discussion with its customers for committing additional volumes w.r.t. Kochi terminal with revised tariff. The likely impact of the aforesaid arrangement cannot be determined at this stage and would be recognised in the books of accounts on finalisation and due approval of the arrangement 4. The Company has invoiced Rs 19,844 Lac (excluding GST) as ‘Use or Pay charges’ to its 3 customers, over a period of 4 years, for underutilization of committed regasification facility at the Dahej plant, as per the terms of long-term regasification agreement. Till 30th September 2021, total amount of Rs 14392 Lac (excluding GST) has been withheld and Rs 5452 Lac (excluding GST) has been paid under protest. Pending settlement of the issue of use or pay charges, based on negotiation and discussion with one of the customers on the basis of higher volumes achieved by the customer in the other contracts/ location, over and above commitments, net adjustment of Rs 6,538 lac (excluding GST) w.r.t. revenue booked in earlier periods has been recognized in the current quarter. 5. The operations of the Company were not materially interrupted during the lockdown due to outbreak of COVID-19, as natural gas is declared as one of the essential commodities by the Government of India. The Company has evaluated the possible effects on the carrying amounts of property, plant and equipment, inventory, loans, receivables and debt covenants basis the internal and external sources of information and determined, exercising reasonable estimates and judgements, that the carrying amounts of these assets are recoverable. Considering the above, and the Company’s healthy liquidity position, there is no uncertainty on the going concern of the Company and the Company will be able to meet its financial obligations over the foreseeable future. 6. The Board of Directors have declared sepecial interim dividend of Rs 7 per equity share (Face Value of Rs 10/- per equity share) at their meeting held on 9th November 2021. 7. Previous year/period figures have been regrouped and rearranged to make them comparable with current period figures. Single segment 2021-04-01 2021-09-30 Unaudited Standalone 194109800000.00 1501700000.00 195611500000.00 165997000000.00 0.00 0.00 989700000.00 1594700000.00 3851900000.00 3611800000.00 176045100000.00 19566400000.00 0.00 19566400000.00 5379800000.00 -400300000.00 4979500000.00 0.00 14586900000.00 0.00 0.00 0.00 0.00 14586900000.00 0.00 14586900000.00 0.00 0.00 15000000000.00 10 9.72 9.72 0.00 0.00 9.72 9.72 Other Expenses 2000000000.00 Other Expenses 3611800000.00 0.00 -9803900000.00 -2824000000.00 0.00 -405200000.00 600000.00 0.00 372500000.00 0.00 10758700000.00 0.00 -331600000.00 0.00 3851900000.00 0.00 99400000.00 0.00 19500000.00 -5900000.00 315600000.00 0.00 0.00 0.00 -283900000.00 0.00 0.00 -32000000.00 0.00 0.00 1731700000.00 21298100000.00 -58500000.00 -1594700000.00 -1013700000.00 4965000000.00 0.00 16855600000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 528200000.00 0.00 0.00 8256500000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 58500000.00 798100000.00 0.00 1536700000.00 0.00 -5335000000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 184000000.00 0.00 1320000000.00 3000000.00 1594700000.00 0.00 0.00 -3101700000.00 8418900000.00 0.00 8418900000.00 8493300000.00 16912200000.00