5325222026-04-012026-06-305325222026-04-012026-06-30in-capmkt:OtherExpenses1Member5325222026-04-012026-06-30in-capmkt:OtherExpenses2Memberiso4217:INRiso4217:INRxbrli:shares532522PETRONETNOTLISTEDINE347G01014PETRONET LNG LIMITEDMain BoardEquity2026-04-012027-03-312026-08-122026-08-03INRCroresQuarterlyFirst quarterSingle segmentNatural Gas Business2026-08-1217:00:002026-08-1219:30:00Not applicablefalsefalseThe Company has not defaulted in loans and debt securities servicing/ repayments.2026-04-012026-06-30UnauditedStandalone5554140000023448000005788620000036992900000006706000005065000002012300000255960000042741900000151443000000151443000004270000000-452900000381710000001132720000000001132720000001132720000015000000000107.557.55007.557.55 <br /> 1. The above results have been reviewed by the Audit Committee and approved by the Board of Directors of the Company at their respective meetings held on 12th August 2026. The statutory auditors of the Company have carried out limited review of the aforesaid results. <br /> 2. The Company primarily operates in the business of import and processing of liquefied 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. <br /> 3. Trade receivables as at 30th June 2026 include ‘Use or Pay’ (UoP) dues amounting to Rs. 661.03 crore (gross) (Rs. 312.17 crore (net) after making a provision of Rs. 348.86 crore). These dues have arisen due to lower capacity utilisation by customers under long-term regasification agreements entered into by the Company. These UoP dues pertain to FY 2022–23 (CY 2022): Rs. 13.11 crore, FY 2023–24 (CY 2023): Rs.481.69 crore, FY 2024–25 (CY 2024): Rs.117.27 crore and FY 2025–26 (CY 2025): Rs. 48.96 Crore. <br /> The Board had approved a recovery mechanism for UoP dues relating to CY 2023, in accordance with agreements reached with customers. Bank guarantees pertaining to CY 2023 have been received from majority of the customers. The Board at its meeting held on 9th April 2026, approved a recovery mechanism for UoP dues pertaining to CY 2024. The Company is in the process of implementing this mechanism. <br /> As per the terms of the Settlement Agreement under the recovery mechanism for Use or Pay (UoP) dues of CY 2023, some of the customers have brought LNG quantities upto 30th June 2026, for which revenue has been recognised at the prevailing Regasification Rate. Correspondingly, the Company has waived off UoP dues amounting to Rs. 58.81 Crore during the current quarter by charging it to the Statement of Profit and Loss. <br /> The Company continues to engage with the Customers for the recovery of UoP dues. While some customers have not provided balance confirmations for the UoP dues, management remains confident of recovery, as the amounts are contractually obligated. As a measure of prudence, the Company has made a time-based provision of Rs. 348.86 Crore as at 30th June 2026 (Rs.306.82 crore as at 31st March 2026). <br /> 4. The Company has a long-term Sale and Purchase Agreement (SPA) with QatarEnergy LNG S (2) (QE) for the supply of 7.50 MMTPA of LNG on an FOB basis from Qatar. The Company also has corresponding long-term Gas Sale and Purchase Agreements (GSPAs) with its customers in India. <br /> Armed conflict and related hostilities in the Middle East region commenced on 28 February 2026, resulting in significant disruption to maritime navigation through the Strait of Hormuz and LNG loading operations in the region. The Force Majeure (FM) conditions, which commenced in March 2026, continued during the quarter ended 30 June 2026. Consequently, no LNG cargo was loaded under the SPA during the current quarter. <br /> One LNG cargo which was stranded in the Persian Gulf as at 31 March 2026 was subsequently delivered at the Company's Dahej Terminal on 19 June 2026. Accordingly, the stock-in-transit recognised as at 31 March 2026 stood realised upon receipt of the cargo. <br /> For transportation of LNG to India, the Company has engaged three dedicated LNG vessels under long-term Time Charter Agreements. The operation of all three vessels remained totally suspended since 2nd March 2026 except for one vessel which was used for approximately seven days during this quarter. The aggregate claim by the owners of the vessels and other associated costs stands at Rs 348.13 Crore as on 30th June 2026. (Rs 89.30 Crore as on 31st March 2026). Based on legal advice, the Company is of the view that such claims are not tenable under the relevant provisions of the respective Time Charter Agreements. Accordingly, no provision has been recognised in respect of these claims. The owners of the vessels have initiated arbitration proceedings to enforce their claims. The ultimate outcome of the arbitration proceedings and the resulting financial impact, if any, cannot presently be determined. <br /> 5. Previous year / period figures have been regrouped and rearranged to make them comparable with current period figures. <br /> Impairment Loss / (Reversal) - Net (Refer Note 3 )1008600000Other expenses1551000000