NEW DELHI: Petronet LNG Ltd's Dahej LNG terminal achieved yet another milestone with expansion of its capacity from 15 MMTPA to 17.5 MMTPA pursuant to mechanical completion on 6th June, 2019, and availability of the expanded capacity on 25th June, 2019. During the quarter ended 30 June, 2019 (current quarter), the Dahej terminal operated at around 112 per cent of its name plate capacity and processed 217 TBTU of LNG as against 199 TBTU processed during the previous quarter and 214 TBTU processed during the corresponding quarter.
The overall LNG volume processed by the company in the current quarter was 226 TBTU as against the LNG volume processed in the previous and corresponding quarter, which stood at 205 TBTU and 220 TBTU respectively.
The company has reported PBT of Rs 838 crore in the current quarter as against Rs 655 crore in the previous quarter and Rs 901 crore in the corresponding quarter.
The PAT for the current quarter was reported at Rs 560 crore as against the PAT of the previous quarter and corresponding quarter, ie Rs 440 crore and Rs 587 crore respectively.
The company has adopted the Ind AS 116 'Leases', with effect from FY 2019-20. Pursuant to the above, the Company has recognized the 'Right to Use Assets' and corresponding 'Lease Liability' of Rs 3.829 crore as on 1st April. 2019.
Classification of the lease rentals has been changed from the 'cost of the Goods Sold' and 'Rent Expenses' — as the case may be, in the profit & loss account to 'Depreciation' and 'Finance Cost'.