Petronet LNG Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 12, 2026, which commenced at 2:30 PM and concluded at 4:35 PM.

Q3FY26 Financial Performance

The company reported mixed performance for the third quarter with revenue declining year-over-year while maintaining healthy profitability levels.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company showed a decline in both revenue and profitability compared to the corresponding period in the previous year.

Use or Pay Dues and Recovery Mechanism

Trade receivables as at December 31, 2025 include Use or Pay (UoP) dues amounting to ₹1,313.89 crore gross, with a net amount of ₹498.31 crore after making a provision of ₹815.58 crore. These dues have arisen due to lower capacity utilisation by customers under long-term regasification agreements.

The Board has approved a recovery mechanism for UoP dues relating to CY 2022 and CY 2023. The company has obtained bank guarantees from customers to secure recovery of UoP dues for CY 2022 and is implementing this mechanism with all customers for CY 2023.

Regulatory and Operational Updates

The Government of India notified four Labour Codes effective from November 21, 2025, consolidating 29 existing labour laws. Accordingly, the company has recognised an estimated incremental impact of ₹25.44 crore on account of past service cost under Employee Benefit Expense during the quarter and nine months ended December 31, 2025.

The company waived off UoP dues amounting to ₹78.79 crore and ₹107.67 crore for the quarter and nine months ended December 31, 2025 respectively, as per the Settlement Agreement terms under the recovery mechanism.

Consolidated Results

On a consolidated basis, the company reported net profit of ₹869.61 crore for Q3FY26 compared to ₹901.70 crore in Q3FY25. For nine months, consolidated net profit stood at ₹2,541.79 crore against ₹2,877.78 crore in the previous year.

Petronet LNG Limited has announced its board meeting schedule to review and approve the company's third-quarter financial performance for fiscal year 2026. The announcement comes as part of the company's regular disclosure obligations under SEBI regulations.

Board Meeting Details

The company has scheduled its Board of Directors meeting for February 12, 2026, to consider and approve unaudited financial results for the quarter and nine-months ended December 31, 2025. The meeting notice was formally communicated to both the Bombay Stock Exchange and National Stock Exchange on February 2, 2026.

Trading Window Closure

In accordance with the company's Code for Prevention of Insider Trading and SEBI guidelines, Petronet LNG has implemented a trading window closure for all insiders. The trading window, which was initially closed from January 1, 2026, will remain closed until February 14, 2026.

The closure period extends until 48 hours after the financial results become generally available to the public. All insiders have been specifically advised not to deal with the company's securities during this restricted period.

Regulatory Compliance

The board meeting announcement has been made pursuant to Regulation 29(2) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also referenced the Stock Exchange circular dated April 2, 2019, regarding insider trading prevention measures.

Petronet LNG had previously informed the stock exchanges on June 18, 2025, about the planned trading window closure for the third-quarter results period. This advance notification demonstrates the company's commitment to maintaining transparency and regulatory compliance in its disclosure practices.