Petronet LNG Limited

Corporate Identity Number: L74899DL 1998PLC093073

First Floor, World Trade Center, Babar Road,

Barakhamba Lane,

New Delhi 110001

Statement of Unaudited Standalone

financial results for quarter and nine months ended 31st December, 2021

(Alf amounts are Rupees in lac. unless otherwise

slated)

Quarter Ended

Nine month Ended

Particulars

31-Dec-20

31-Dec-21

30-Sep-21

31-Dec-20

31-Dec-21

Un-audited

Un-audited

Un-audited

Un-audited

Un-audited

Year Ended

31-Mar-21

Audited

  1. Revenue
    Revenue from operations Other incom e

12,59,722

7,

185

I0,81,308

8,

164

7,32 11

, ,

823 106

32,00,820 22,202

18

,44,758 33,900

26,02,290 38,815

Total Revenue

12,66,907

10,89,472

7,43 ,929

32,23,022

18,78,658

26,41,IOS

b.

Expenses Cost of materials consumed Employee benefits expense Finance costs Depreciation and amotization expense OU1er expenses

Total Expenses

I0.69.495 3,528 7,757 19,364 13,484

11 ,13,628

9,26,015 5.608 7.944 19,358 20,000

9,78,925

5,84,337 3,433 8, 150 19.249 I. 1. 524

6,26,693

27,29,465

13

425

23

,704

57,883

49,602

28,74,079

14,39,983 10,416 25,466 58, 126 33,514

15,67,505

20,68,1

50

14,711

33,595

78,409

49,475

22

,-'4,340

  1. Profit before exceptional items and tax (a-b)
  2. Exceptional Items
  3. Profit/ (loss) before tax (c-d)
  1. Tax expense:

Current tax

Deferred tax

Total tax expense

A

Profit/ (los s) for the pe riod (e-1)

1,53,279

1,

10,547

-

-

J,53,279

1,10,547

39.402

30,598

(475 )

(2 ,353 )

38,927

28,245

1,14,352

82,302

1,17,236

3,48,943

-

-

1,17,236

3,48,943

29.600

93

,200

(211 )

(4,478)

29 ,389

88,722

87,847

2,60,221

3,11,153

3,96,765

-

-

3,11,153

3,96,765

79,100

1.02.500

  1. (672)

78,553

1,01,828

2,32,600

2,94,937

Other comprehensive income

to profit or loss

Items that will not be reclassified

Remeasurement of defined benefit plans

Income tax re lati n!?. to remeasurement of defined benefit pl ans

B

Total other comprehen sive income

for the period

C

Total comprehensive income

for the period (A+

B)

Paid-up Share Capital

Other Equity

Net Worth

Earnings per equity share (Face value of Rs. 10/- each)

Basic (Rs.)

Diluted (R s. )

-

-

-

-

-

-

-

-

-

-

-

-

1,14,352

82 ,302

87,847

2,60,221

1.5

0,000

1.50.000

1,50,000

1,50,000

9,52 .897

11,17,671

I l , 17,671

11

,08,319

12,67,671

12,58,319

11,02,897

12,67,671

7.62

5.49

5.86

17.35

7.62

5.49

5.86

17

.35

(not annual ised)

-

(380)

-

96

  • (284)

2,32,600

2,94,653

1.50.000

1,50.000

9,52,897

10,

14.950

11

,02,897

11

.64,950

  1. 19.66
  1. 19.66

(annuali sed)

Page 2 of 8

I

2

3

4

5

6

7

Notes:

the Audit Committee and approved

by

the Board of Directors

of the Company at the meeting held

on 9lh

The above results have been reviewed

by

February 202·2. The Statutory auditors of the Company have carried out limited review of the aforesaid

results.

The Company primarily operates

in the business of import and processing of liquified natural gas. Accordingly, there is

only one Reportable

egment

disclosure has been made w.r.t. operating segments.

i.e. "Natural Gas Business", hence no specific

In view of expected increase

in

capacity utilisation at Kochi terminal, the customers of the Company

are asking for lower regasification

tariff for

Kochi

w.r.t. Kochi terminal with

rcvi ed

Term inal w.e.f. 1st April 20 19.

The Company is in discussion with its customers

for

committing additional volumes

in the books

of

accounts on

tariff. The likely impact of

the

aforesaid

arrangement cannot

be determined

at this stage and would

be

recognised

finalisation and due approval

of the arrangement

As per terms of long term regasitication

agreement, the Company has booked

··Use or Pay charges'" of Rs

34,778 Lac for Calendar year (CY) 2021

of lower capacity utilisation by

its customers and recognised

the same as income in

the profit and loss

(Rs 5,588 Lac for CY 2020

) on account

The Company had invoiced

Rs 19,844 Lac (excluding GST) as

· use or Pay charges·

to its 3 customers. over a period of last 4 years (upto

alendar

agreement. Out al

of committed regasification facility at the Dahej plant, as per the terms of long-term regasification

year 2020) for underutilization

paid

under

Lac (excluding GST) had been withheld and Rs 5,452 Lac (excluding

GST) has been

the above , total amount of

Rs 14,392

based on negotiation and discussion

with one of the customers on the basi:; of higher

protest. Pending settlement of the issue

of use or pay charges,

of Rs 6,538 lac (excluding

GST)

over and above commitments,

net adjustment

volumes achieved by the customer in

the other contracts/ location,

quarter.

w.r.t. revenue booked

in earlier periods had been recognized in the previous

of COVID-19. as natural gas is declared

as one

The operations of the Company

were not materially interrupted during the lockdown due to outbreak

on the carrying amounts

of property.

the Government of India. The Company

has evaluated the possible effects

of the essential commodities

by

determined.

basis

the

internal and

external

sources

of

information and

plant and equipment,

inventory. loans,

receivables

and

debt

covenants

Considering the above, and the

exercising reasonable

estimates

and judgements,

that

the carrying

amounts

of

these assets

are recoverable.

and the Company will be able to meet its

Company's healthy liquidity

position, there

is no uncertainty on the going concern of the Company

financial obligations over the foreseeable future.

period figures.

Previous year/period figures have been regrouped and rearranged to make them comparable with current

x

der o~~rd

Place : New Delhi

~

arMishra

Director (Finance)

Date : 09 February 2022

DlN: 08 1251 44

Page 3 of 8

T R Chadha & Co LLP

Chartered Accountants

Independent Auditor's Review Report on Quarterly and Year to date Unaudited Standalone Financial Results of Petronet LNG Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

To the Board of Directors of Petronet LNG Limited

  1. We have reviewed the accompanying Statement of unaudited standalone financial results of Petronet LNG Limited (the Company) for the quarter & nine months ended 31st December, 2021 ("the statement"), being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ('the
    Regulations').
  2. This statement, which is the responsibility of the Company's management and approved by the Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" prescribed under section 133 of Companies Act 2013 ("the Act") read with relevant rules issued thereunder ('Ind AS') and other accounting principle generally accepted in India. Our responsibility is to express a conclusion on the statements based on our review.
  3. We conducted our review of the statement in accordance with the Standards on Review Engagement
    (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). This standard require that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review is limited primarily to inquiry of company personnel and analytical procedure applied to financial data and thus provides less assurance than an audit. We have not performed any audit and accordingly, we do not express an audit opinion.
  4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with recognition and measurement principle laid down in the applicable Indian Accounting Standard (Ind As) specified under Section 133 of Companies Act, 2013 as amended, read with relevant rules issued thereunder and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of the Regulation, including the manner in which it is to be disclosed, or that it contains any material misstatement.
    For T R Chadha & Co LLP Chartered Accountants
    Firm Regn. No. 006711N / N500028
    Hitesh Garg (Partner)
    Membership No 502955 UDIN - 22502955ABAMRZ5360 Date: 09th February 2022 Place: New Delhi

T R Chadha & Co., a partnership firm converted into T R Chadha & Co LLP

(A limited liability partnership with LLP Identification No. AAF-3926) with effect from 28th December, 2015

Corporate & Regd. Office: B-30, Connaught Place, Kuthiala Building, New Delhi - 110001

Page 4 of 8

Phone : 43259900, Fax : 43259930, E-mail :delhi@trchadha.com

Petronet

LNG

Limited

Corporate Identity Number: L74899DL I998PLC093073 First Floor, World Trade Center, Babar Road, Barakhamba Lane,

New Delhi I 1000 I

Statement of llnaudited Consolidated

financial results for quarter and nine months ended 31st December, 2021

(All amoun/s are Rupees in lac. unless o/henvise

slated)

Quarter Ended

Nine month Ended

Particulars

31-Dec-21

30-Sep-21

31-Dec-20

31-Dec-21

31-Dec-20

Un-audited

Un-audited

Un-audited

Un-audited

Un-audited

Year Ended

31-Mar-21

Audited

a.

Revenue

Revenue from

Other income

operations

12,59,722

10,81,308

7,32,823

32,00,820

7,192

7.587

9,967

21,636

18

,44,758 30,993

26,02,290 35,908

Total Revenue

12,66,914

10,88,895

7.42,790

32,22,456

18,75,751

26,38,198

b.

Expenses

Cost of materials consumed

Employee benefits expense

Finance costs

Depreciation and amotization expense

Other expenses

Total Expenses

c.

Profit before share of joint ventures,

exceptional items and tax (a-b)

d.

Share of profit of equity-accounted

investees, net of tax

  1. Profit before exceptional items and tax (c+d)
  2. Exceptional Items
  3. Profit/ (loss) before tax (e-f)

h.

Tax expense:

Current tax

Deferred tax

Total tax expense

A

Profit/ (loss) for the oeriod (g-h)

10,69,495

9,26,015

5,84,337

27,29,465

3,560

5,619

3,433

13,468

7,757

7,944

8,150

23.704

19,364

19,358

19,249

57,883

13,484

20,003

11,524

49,880

11,13,660

9,78,939

6,26,693

28,74,400

1,53,254

1,09,956

1,16,097

3,48,056

1,612

49

1,497

5,303

1,54,866

1,10,005

1,17,594

3,53,359

-

-

-

-

1,54,866

1,10,005

1,17,594

3,53,359

39,326

30,598

29,600

93,124

(406)

(2,354)

(211)

(4,478)

38,920

28,244

29,389

88,646

1,15,946

81,761

88,205

2,64,713

14,39,983

20,68,150

10,416

14,711

25,466

33,595

58,126

78,409

33,514

49,475

15,67,505

22,44,340

3,08,246

3,93,858

438

1,893

3,08,684

3,95,751

-

-

3,08,684

3,95,751

79,100

1,02,500

(547)

(672)

78,553

1,01,828

2,30,131

2,93,923

Other comprehensive income

Items that will not be reclassified to profit or loss

Remeasurement of defined benefit plans

Income tax relating to remeasurement

of defined benefit plans

Share of.IV

B

Total other comprehensive income for the period

C

Total comorehensive income for the oeriod (A+

B)

Paid-up Share Capital

Other Equity

Net Worth

Earnings per equity share (Face value of Rs. 10/- each)

Basic (Rs .)

Diluted (Rs.)

-

-

-

-

-

-

-

-

(2)

(5)

(6)

(2)

(5)

-

(6)

1,15,944

81,756

88,205

2,64,707

1,50,000

1,50,000

1,50,000

1,50,000

11,37,897

11,26,953

9,67,223

I 1,37,897

12,87,897

12,76,953

11,17,223

12,87,897

7.73

5.45

5.88

17.65

7.73

5.45

5.88

17.65

nm an nualised)

-

(380)

-

96

(41)

-

(325)

2,30,131

2,93,598

1,50,000

1,50,000

9,67,223

10,30,690

11,17,223

11,80,690

15.34 19.59

15.34 19.59

(annualised)

Page 5 of 8

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Petronet LNG Ltd. published this content on 09 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 February 2022 14:18:06 UTC.