Key Financial Figures - Standalone (Quarter Ended 30-Sep-26)

  • Revenue from operations: ₹7,200.35 crore
  • Other income: ₹232.09 crore
  • Total Income: ₹7,432.44 crore
  • Profit before tax: ₹1,659.10 crore
  • Tax expense: ₹423.70 crore (Current tax: ₹424.00 crore; Deferred tax: ₹(0.30) crore)
  • Profit after tax: ₹1,235.40 crore
  • Basic & Diluted EPS: ₹8.24

Key Financial Figures - Standalone (Half Year Ended 30-Sep-26)

  • Revenue from operations: ₹12,754.49 crore
  • Other income: ₹466.57 crore
  • Total Income: ₹13,221.06 crore
  • Profit before tax: ₹3,173.53 crore
  • Tax expense: ₹805.41 crore (Current tax: ₹851.00 crore; Deferred tax: ₹(45.59) crore)
  • Profit after tax: ₹2,368.12 crore
  • Basic & Diluted EPS: ₹15.79

Key Financial Figures - Consolidated (Quarter Ended 30-Sep-26)

  • Revenue from operations: ₹7,202.22 crore
  • Other income: ₹233.01 crore
  • Total Income: ₹7,435.23 crore
  • Profit before tax: ₹1,658.24 crore
  • Tax expense: ₹423.61 crore
  • Profit after tax: ₹1,234.63 crore
  • Share of profit from joint ventures: ₹21.80 crore
  • Total Profit after share of JVs: ₹1,256.43 crore
  • Basic & Diluted EPS: ₹8.38

Key Financial Figures - Consolidated (Half Year Ended 30-Sep-26)

  • Revenue from operations: ₹12,760.06 crore
  • Other income: ₹440.54 crore
  • Total Income: ₹13,200.60 crore
  • Profit before tax: ₹3,149.08 crore
  • Tax expense: ₹806.18 crore
  • Profit after tax: ₹2,342.90 crore
  • Share of profit from joint ventures: ₹50.67 crore
  • Total Profit after share of JVs: ₹2,393.57 crore
  • Basic & Diluted EPS: ₹15.96

Dividend Declaration

The Board of Directors declared an interim dividend of ₹7 per equity share (face value of ₹10 each) for the financial year 2026-27. The record date and payment/despatch date will be intimated in due course.

Emphasis of Matter by Auditors (V. Sankar Aiyar & Co.)

The independent auditor's limited review report includes two emphasis of matter paragraphs:

1. Use or Pay (UoP) Dues: Trade receivables as of 30th September 2026 include UoP dues of ₹408.23 crore (gross). A provision of ₹230.72 crore has been made, resulting in net dues of ₹177.51 crore. These dues arose from lower capacity utilisation by customers under long-term regasification agreements. The breakdown is:

  • FY 2022-23 (CY 2022): ₹13.11 crore
  • FY 2023-24 (CY 2023): ₹228.89 crore
  • FY 2024-25 (CY 2024): ₹117.27 crore
  • FY 2025-26 (CY 2025): ₹48.96 crore

The company has a recovery mechanism agreed with customers for CY 2023 and CY 2024 dues, for which bank guarantees have been received. During the quarter and half-year, UoP dues of ₹252.80 crore and ₹311.61 crore, respectively, were waived off as customers brought LNG quantities, and revenue was recognised at the prevailing regasification rate. Management is confident of recovery based on contractual obligations.

2. Vessel Claims: Claims aggregating ₹625.42 crore plus applicable taxes (as of 30-Sep-26, up from ₹89.30 crore as of 31-Mar-26) have been made by the owners of the company's three dedicated LNG vessels (Disha, Raahi, Aseem) due to suspension of operations. The suspension resulted from Force Majeure conditions. The company, based on legal advice, believes the claims are not tenable under the Time Charter Agreements and has not recognised any provision. Arbitration proceedings have been initiated by the vessel owners. The outcome and financial impact are presently indeterminable.

Operational and Strategic Update

  • Force Majeure Impact: Armed conflict in the Middle East commencing 28th February 2026 significantly disrupted maritime navigation through the Strait of Hormuz and LNG loading operations. Force Majeure conditions continued through the quarter ended 30th September 2026. Supplier QatarEnergy LNG S (2) (QE) delivered few cargoes on a "best effort" basis using alternate voyage charters.
  • Vessel Operations: Operations of the three dedicated LNG vessels were totally suspended from 2nd March 2026, except for one vessel used for approximately seven days in June 2026.

Capital Structure and Cash Flow

  • Paid-up Share Capital: Remained unchanged at ₹1,500.00 crore.
  • Standalone Net Worth: Stood at ₹23,637.78 crore as of 30-Sep-26 (₹21,719.66 crore as of 31-Mar-26).
  • Consolidated Net Worth: Stood at ₹24,228.41 crore as of 30-Sep-26 (₹22,284.82 crore as of 31-Mar-26).
  • H1 FY27 Standalone Cash Flow: Net cash from operations was ₹2,914.37 crore. Net cash used in investing was ₹(2,040.73) crore, primarily for purchase of property, plant, and equipment (₹1,685.56 crore). Net cash used in financing was ₹(494.20) crore, including dividend paid (₹450.00 crore).

Other Disclosures

  • Segment Reporting: The company has only one reportable segment: "Natural Gas Business".
  • Default on Loans: Nil.
  • Deviation on Issue Proceeds: Not applicable.
  • Board Meeting: Commenced at 2:30 p.m. and concluded at 3:25 P.M. on 2nd November 2026.