New Delhi, Nov. 4 -- Petronet LNG's September quarter (Q2FY27) results were decent despite supply disruptions amid the West Asia war. Ebitda surged 49% year-on-year (y-o-y) to Rs.1,663 crore (excluding one-offs), beating consensus estimates by 10%, driven by better-than-expected volumes and a favourable mix of higher spot LNG sales.

Both revenue and profit after tax beat consensus estimates. However, revenue fell 35% y-o-y to Rs.7,200 crore, weighed by a change in volume mix: lower sales of contracted natural gas and higher volumes handled through tolling arrangements.

Under the former, Petronet procures LNG and sells the regasified gas to customers, with the entire sale value booked as revenue. Under the latter, customers procure LNG t...