Petronet LNG share price today

Petronet LNG Ltd's share price was ₹317.00 at the close on 5 November 2026. It has been rising for 6 weeks. That is 11.1% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹246 and ₹323, and at that close it sat 92% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Petronet LNG Ltd is in stage 2. The phase helps read everything below.

Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 9 weeks in a row.

Over the last 11 years the share price moved +172% while the NIFTY 500 moved +257%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Two changes stood out: best operating margin in 15 quarters and revenue down on a year earlier for 7 quarters in a row.

1. Best operating margin in 15 quarters

   Operating margin was 28% in the June 2026 quarter, against 10% a year earlier.

   Why: The margin jumped mostly because the company made money from gas it already held and from trading, plus better commercial and operational efficiency, even though it handled less LNG.

   Next results: check whether the trading and inventory gains continue, since management says they depend on spot prices staying above long-term prices.

   From the earnings call on 13 Aug 2026.

2. Revenue down on a year earlier for 7 quarters in a row

   In the June 2026 quarter revenue was ₹5,558 crore, -53.2% on a year earlier.

Petronet LNG paid ₹10 a share in regular dividends in the 12 months to 5 November 2026 (2 payments), a yield of 3.15% at the ₹317.00 close on 5 November 2026. The last was a dividend of ₹3 a share, ex-date 12 June 2026. Next: ₹7 a share, ex-date 6 November 2026.

Petronet LNG dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Petronet LNG Ltd paid out 38% of its profit as dividends in FY26, and it paid a dividend in each of its last 12 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For July to September 2026 (the quarter ended 30 September 2026), Petronet LNG reported revenue of ₹7,202 crore, down 34.6% from ₹11,009 crore a year earlier, and a profit of ₹1,256 crore, up 51.3% from ₹830 crore.

Petronet LNG results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 13 August 2026, about April to June 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Petronet LNG closed at ₹317.00 on 5 November 2026, up 13.8% from ₹278.50 a year earlier (7 November 2025) and up 36.8% over five years. Its highest weekly close since February 2016 was ₹372.40 on 26 July 2024.

Petronet LNG share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 5 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 26 February 2016 to 5 November 2026.

6 Nov 2026: Coming up: ex-date for an interim dividend of ₹7 a share. 5 Nov 2026: Petronet LNG closed at ₹317.00, up 9.5% on the week and up 8.7% on the month.

Earlier

• Our read, 10 Oct 2026: Replacement cargoes and new supply contracts cushion the Qatar disruption, but they have not restored terminal utilization.,Trading and inventory gains lifted earnings while revenue fell, so the latest profit improvement is not proof of a recurring volume recovery.,Historical cash generation supports the starting balance sheet; the next spending phase still needs a funding and returns bridge.
• Results for July to September 2026: Revenue down 34.6% and profit up 51.3% on a year earlier.
• 13 Aug 2026: Petronet LNG held its results call for April to June 2026. Management guided: Qatar force majeure currently runs through end-August; long-term volumes expected to resume immediately or as soon as possible after Gulf conditions improve.
• 12 Jun 2026: ex-date for a dividend of ₹3 a share.
• 14 Nov 2025: ex-date for an interim dividend of ₹7 a share.

Our read of the business

Replacement cargoes and new supply contracts cushion the Qatar disruption, but they have not restored terminal utilization.,Trading and inventory gains lifted earnings while revenue fell, so the latest profit improvement is not proof of a recurring volume recovery.,Historical cash generation supports the starting balance sheet; the next spending phase still needs a funding and returns bridge.

April to June 2026: Earnings improve while supply disruption depresses revenue and utilization.

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

On the call for April to June 2026, held on 13 August 2026, Petronet LNG's management guided: Qatar force majeure currently runs through end-August; long-term volumes expected to resume immediately or as soon as possible after Gulf conditions improve.

“The project is on schedule. As far as the pipeline connectivity with our Kochi terminal is concerned, according to the latest information that we have, it should still be mechanically completed by the end of this quarter. That is the best information that we have as of date.”Saurabh Mishra, Director Finance & CFO, on the call for April to June 2026

What management guided

• Remaining-year utilization expected to be slightly better than Q1 as the May-June operating pace continues.
• Kochi pipeline mechanically complete by the end of July to September 2026.
• FY27 capital spending budgeted at ₹9,364 crore; FY28 capital spending framed at a similar level.
• Off-taker renewal terms expected to close in 2-3 quarters, ahead of the new Qatar contract starting in 2028.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

What is changing at Petronet LNG, from the latest results and calls: replacement cargoes use available terminal capacity, new supply contracts contribute delivered volumes and kochi connectivity opens access to customers.

• Replacement cargoes use available terminal capacity. Off-takers can replace interrupted supply through tolling and service cargoes. ⚠ estimate
• New supply contracts contribute delivered volumes. Commenced contracts offer a sourced route to replacement throughput. ⚠ estimate
• Kochi connectivity opens access to customers. Pipeline connection can convert spare terminal capacity into commercial throughput. ⚠ estimate
• Installed Dahej capacity offers conditional volume runway. Capacity is available, but utilization rather than construction is the next earnings constraint. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

Repeated throughput and recurring service-profit growth that sustain the elevated earnings base after trading and inventory support normalizes would overturn the peak-margin warning. The conditional recovery thesis fails if replacement and contracted supply stop supporting throughput and subsequent reported quarters show falling operating profit as those gains fade, while Kochi remains unable to deliver commercial gas.

Each change stops working if

• Replacement cargoes use available terminal capacity: Customers cannot source affordable replacement cargoes or move their cargoes to competing terminals.
• New supply contracts contribute delivered volumes: Contracted cargo arrivals fail to continue or incremental cargoes merely displace existing service volumes.
• Kochi connectivity opens access to customers: Mechanical completion does not lead to commercial gas flow, or customers cannot economically increase gas consumption.
• Installed Dahej capacity offers conditional volume runway: Supply disruption, unaffordable LNG or competitive capacity prevents incremental terminal use.

The main risks

• Qatar supply and Strait access: Terminal capacity cannot earn recurring fees without accessible cargoes. ⚠ estimate
• Capital spending funding and undisclosed project returns: Historical cash generation does not establish that the next spending phase is self-funded or earns returns above its cost of capital. ⚠ estimate
• Kochi completion does not become commercial utilization: The connectivity deadline is unverified and commercial throughput remains a separate milestone. ⚠ estimate
• Renewal economics and competitor response: Additional volumes may require concessions that reduce the profit retained by Petronet. ⚠ estimate

Our read after the April to June 2026 results, written 10 October 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.

When Petronet LNG reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Qatar cargo status and spot-long-term spread; check replacement throughput and trading/inventory support.

Petronet LNG is on 6 of our India lists: Multibagger study list, Momentum stocks, Breakout stocks, Dividend stocks, Small & mid cap stocks and Oil & gas stocks.

Petronet LNG Ltd earned ₹1,256 Cr of net profit in the Sep 2026 quarter, +51.3% on the same quarter a year earlier. That is the 3rd quarter in a row of profit growth. Full-year FY26 profit was ₹3,913 Cr. Over 10 years profit has grown 15.5% a year on average. That is 17.4% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹830 Cr.

For the full year, FY26 profit was ₹3,913 Cr (−1.5% on the year before).

Why profit moved: revenue changed −34.6% on a year earlier and the margin moved +13.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +27.0% and revenue −30.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

FY26-Q4. revenue ₹9,442 Cr and profit ₹1,371 Cr as reported.

FY27-Q1. revenue ₹5,558 Cr and profit ₹1,137 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Petronet LNG Ltd reported ₹7,202 Cr of revenue in the Sep 2026 quarter, −34.6% on the same quarter a year earlier. Over 10 years it has grown 4.8% a year on average. The last full year, FY26, came in at ₹43,495 Cr. The last four reported quarters add to ₹33,366 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹43,495 Cr, −14.7% on the year before.

Recent pace: the last four quarters grew −30.0% on average, against 4.8% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew −29.7%, against −22.1% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +26.3%, against +8.3% a year (accelerating).

FY26-Q4. revenue ₹9,442 Cr and profit ₹1,371 Cr as reported.

FY27-Q1. revenue ₹5,558 Cr and profit ₹1,137 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Petronet LNG Ltd's operating margin was 23.0% in the Sep 2026 quarter, 13.0 percentage points higher than the same quarter a year ago. Across 12 years it has been between 3.8% and 18.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +12.9 percentage points on the year while gross margin changed +14.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY26-Q4. revenue ₹9,442 Cr and profit ₹1,371 Cr as reported.

FY27-Q1. revenue ₹5,558 Cr and profit ₹1,137 Cr as reported.

Why-sources: our stock research file (10 October 2026) and the company’s own results for those quarters.

Over the last 3 years, 122% of Petronet LNG Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹4,750 Cr of operating cash against ₹3,913 Cr of profit. After ₹1,905 Cr of spending on assets, ₹2,845 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 122% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building.

Petronet LNG Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 11 days in FY26, down from 14 days in FY21. It spent ₹4,050 Cr on assets over the last 3 years. Customers take 9 days to pay, and stock sits for 9 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

Why this happened. The Infrastructure Bottleneck Tollbridge model applies because customers can use installed capacity without waiting for new terminal construction. Replacement cargoes preserve some fee-producing activity. They are part of the same supply-recovery mechanism as new contracts, rather than an independent profit uplift to add again. The amount retained after sourcing costs and tariff concessions is not quantified.

At FY26 sales of ₹43,495 Cr, each day of that cycle ties up about ₹119 Cr, so roughly ₹1,311 Cr is tied up in the business at any time.

FY26: customers took 9 days to pay and stock sat for 9 days, about 0.3 months of sales sitting as stock, for a full cycle of 11 days, shorter than FY21's 14.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 9 days. Customers pay about 9 days after that. Suppliers are paid at 7 days. Together that makes the 11-day cycle.

Spending on assets: ₹4,050 Cr over the last 3 years, against ₹2,421 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2,497 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Petronet LNG Ltd's P/E is 10.3×, near the low end of its own history: it has been lower only 21% of the time. Its usual P/E (the middle reading) is 12.7×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.