Rs 3 Dividend, 3.23% Yield: Gas & Petrol PSU Declares 24% YoY Rally In Net, YTD Return 37%

Leading public sector undertaking from the gas & petroleum sector, Petronet LNG on May 22 declared a surge of 24% in its consolidated net profit year-on-year (YoY) to Rs 734.07 crore for the quartern ended March 2024 as against Rs 591.24 crore announced in the corresponding quarter of last year. Sequentially, the PSU announced a decline of 38% in net profit from Rs 1190 crore declared for the quarter ended December 2023.

Board of Directors of Petronet LNG recommended an final dividend of Rs 3.00 per share on the face value of Rs 10/- each. Last trading price of Petronet LNG share on BSE is Rs 309.65 per share. Petronet LNG Ltd. share gave return of 58% in last 6-months. The company has a market capitalisation of Rs 46,447.50 crore. More details below:

Petronet LNG Q4: The company for the quarter ended March 2024 declared its revenue from operations at Rs 13,793.16 crore as against Rs 13,873.93 announced in year ago period. It announced its Q4 consolidated total income at Rs 13,946.80 crore as against Rs 14,005.25 crore in same quarter of last year. Consolidated profit before tax for March 2024 quarter came at Rs 992.03 crore from Rs 795.7 crore in March 2023 quarter. EPS for March 2024 came at 5.10 from 4.13 in March 2023.

Petronet LNG Recommends Dividend: As per the BSE filing of Petronet LNG dated May 22, 2024, "the Board of Directors of the Company in its above said meeting has also, inter-alia, recommended final dividend of Rs. 3.00 (Rupees three only) per share (on the face value of Rs. 10/- each) on the equity shares of the Company for the financial year 2023-24. The final dividend is subject to approval of shareholders in the forthcoming Annual General Meeting."

Petronet LNG Share Performance: The 52-week high price of Petronet LNG share on BSE is Rs 322.80 per share (as on 03/05/2024) and 52-week low price is Rs 191.65 per share (as on 10/11/2023). Petronet LNG shares surged 37% in last 1-year, gained 36% in last 2-years, zoomed 31% in last 2-years, and rallied 31% in last 5-years.
Petronet LNG Dividend History: Petronet LNG announced 23 dividends since May 30, 2007. In last 1-year, Petronet LNG announced an equity dividend amounting to Rs 10.00 per share. At the current share price of Rs 309.6500, Petronet LNG offers a dividend yield of 3.23%.

Petronet LNG Bonus Share History: Petronet LNG announced 1 bonus issue since July 3, 2017. The last Bonus that the PSU declared was in the ratio 1:1 with ex-bonus date fixed as July 3, 2017.

Petronet LNG About: Petronet LNG Limited is one of the fastest growing world-class Public Limited Company in the Indian energy sector. It has set up the country's first LNG receiving and regasification terminal at Dahej, Gujarat with present nominal capacity of 17.5 MMTPA and another terminal at Kochi, Kerala having a nominal capacity of 5 MMTPA. The company is also exploring suitable opportunities within and outside India to expand its business presence, according to its official website.

Disclaimer: The stock just highlights the dividend, Q4 and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.