Petronet LNG Limited, India's leading liquefied natural gas importer, has announced its financial results for the quarter and half-year ended September 30, 2025, showcasing robust performance despite ongoing challenges.

Financial Highlights

The company's Board of Directors has declared an interim dividend of Rs 7 per equity share (face value Rs 10) for the financial year 2025-26, demonstrating confidence in the company's financial stability and commitment to shareholder returns.

Operational Challenges

Petronet LNG continues to face challenges related to Use or Pay (UoP) dues, which have accumulated due to lower capacity utilization by customers under long-term regasification agreements. The total gross UoP dues stand at Rs 1,392.68 crore, with a net figure of Rs 656.84 crore after provisions. These dues are spread across multiple financial years:

To address this issue, the company has implemented recovery mechanisms and obtained bank guarantees from customers to secure the recovery of these dues.

Corporate Governance Updates

In addition to the financial results, Petronet LNG has made two significant announcements regarding its leadership:

1. The Board of Directors has approved a two-year extension for Shri Pramod Narang as Director (Technical), effective from November 26, 2025, to November 25, 2027. This decision is subject to shareholder approval.

2. The tenure of Shri Akshay Kumar Singh as Managing Director & CEO and whole-time Key Managerial Personnel (KMP) has been extended from February 1, 2026, to May 12, 2027, also pending shareholder approval.

These extensions in leadership roles suggest a focus on maintaining continuity in the company's strategic direction and operations.

Petronet LNG's performance in the face of industry challenges demonstrates its resilience and strategic management. The company's ability to maintain profitability while addressing operational issues positions it well for future growth in India's evolving energy landscape.

Petronet LNG , India's leading liquefied natural gas importer, has announced changes in its leadership structure and an interim dividend for shareholders.

Leadership Extensions

The Board of Directors of Petronet LNG, in a meeting held on November 7, 2023, approved the extension of tenures for two key executives:

Both extensions are subject to approval from company members through a General Meeting or Postal Ballot. The extensions maintain existing terms and conditions for both executives.

Specifically for Shri Akshay Kumar Singh, the Board approved the extension of his tenure as Managing Director, CEO, and Key Managerial Personnel from February 1, 2024, to May 12, 2025. This extension will be on existing terms and conditions and requires approval from company members through a General Meeting or Postal Ballot.

Financial Update and Dividend Declaration

In the same board meeting, Petronet LNG also addressed its financial performance and shareholder returns:

• Interim Dividend: The board declared an interim dividend of Rs. 7.00 per share for the financial year 2023-24.
• Financial Results: The company reviewed and approved the unaudited financial results for the quarter and half-year ended September 30, 2023.

Additional Corporate Actions

• The record date and payment/dispatch date for the interim dividend will be announced in due course.
• The company confirmed that there are no outstanding defaults on loans and debt securities.

These decisions reflect Petronet LNG's commitment to maintaining stability in its leadership while also focusing on shareholder value. The extension of key executive tenures suggests confidence in the current management team's ability to guide the company through the evolving energy landscape.