{"id":338821,"date":"2026-11-04T13:14:32","date_gmt":"2026-11-04T07:44:32","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=338821"},"modified":"2026-11-04T13:14:32","modified_gmt":"2026-11-04T07:44:32","slug":"petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/","title":{"rendered":"Petronet LNG Share Price After Q2 FY27: Why the Inventory Gain May Not Be Enough to Sustain Earnings Growth"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Petronet LNG Q2 FY27 PAT Rs 1,235 cr (+53%); about Rs 660 cr came from inventory and trading gains. Price Rs 309.55 (+2.16%). Interim dividend Rs 7. Nomura Buy, target Rs 345.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Petronet LNG share price trades near Rs 309.55 after Q2 FY27 profit rose 53% to Rs 1,235 crore. About Rs 660 crore of that came from inventory gain and trading gains, and management says these may reverse when spot LNG prices ease. Stripped of them, underlying EBITDA looks flat to lower.<\/p>\n<\/p><\/div>\n<p>The <strong>Petronet LNG share price<\/strong> is up 2% at Rs 309.55 after record Q2 FY27 profit, but a large inventory gain drove much of it, and management says such gains can reverse when spot LNG prices fall. This guide separates reported profit from underlying earnings and covers volumes, peers and risks.<\/p>\n<p><a href=\"https:\/\/univest.in\/stocks\/petronet\/petronet-lng-ltd-share-price-today\">Petronet LNG<\/a> reported results for the quarter ended 30 September 2026 on 2 November. Prices are NSE data as of 1:10 PM IST on 4 November 2026. Financial figures come from the company&#8217;s results and press coverage, and some outlets differ slightly on rounding. This is not a recommendation.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=discover\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Petronet_LNG_Share_Price_Today\" title=\"Petronet LNG Share Price Today\">Petronet LNG Share Price Today<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Petronet_LNG_Q2_FY27_Results_The_Numbers\" title=\"Petronet LNG Q2 FY27 Results: The Numbers\">Petronet LNG Q2 FY27 Results: The Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#How_Much_Inventory_Gain_Is_in_the_Profit\" title=\"How Much Inventory Gain Is in the Profit?\">How Much Inventory Gain Is in the Profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Underlying_Earnings_Without_the_Gains\" title=\"Underlying Earnings Without the Gains\">Underlying Earnings Without the Gains<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Volumes_and_Terminal_Utilisation\" title=\"Volumes and Terminal Utilisation\">Volumes and Terminal Utilisation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Peers_and_Promoters_in_the_Gas_Chain\" title=\"Peers and Promoters in the Gas Chain\">Peers and Promoters in the Gas Chain<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Brokerage_View_After_Q2\" title=\"Brokerage View After Q2\">Brokerage View After Q2<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#What_to_Watch_Next\" title=\"What to Watch Next\">What to Watch Next<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Frequently_Asked_Questions_on_Petronet_LNG_Share_Price\" title=\"Frequently Asked Questions on Petronet LNG Share Price\">Frequently Asked Questions on Petronet LNG Share Price<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#What_is_the_Petronet_LNG_share_price_today\" title=\"What is the Petronet LNG share price today?\">What is the Petronet LNG share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#What_were_Petronet_LNGs_Q2_FY27_results\" title=\"What were Petronet LNG&#x27;s Q2 FY27 results?\">What were Petronet LNG&#x27;s Q2 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#What_is_inventory_gain_at_Petronet_LNG\" title=\"What is inventory gain at Petronet LNG?\">What is inventory gain at Petronet LNG?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Can_the_inventory_gain_repeat_in_coming_quarters\" title=\"Can the inventory gain repeat in coming quarters?\">Can the inventory gain repeat in coming quarters?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Why_did_revenue_fall_while_profit_rose\" title=\"Why did revenue fall while profit rose?\">Why did revenue fall while profit rose?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#What_dividend_has_Petronet_LNG_declared\" title=\"What dividend has Petronet LNG declared?\">What dividend has Petronet LNG declared?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#What_is_Nomuras_target_for_Petronet_LNG\" title=\"What is Nomura&#x27;s target for Petronet LNG?\">What is Nomura&#x27;s target for Petronet LNG?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/petronet-lng-share-price-inventory-gain-q2-fy27-earnings-growth\/#Should_I_buy_Petronet_LNG_after_the_Q2_results\" title=\"Should I buy Petronet LNG after the Q2 results?\">Should I buy Petronet LNG after the Q2 results?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Petronet_LNG_Share_Price_Today\"><\/span><strong>Petronet LNG Share Price Today<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Price data (NSE)<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Previous close (3 Nov 2026)<\/td>\n<td>Rs 303.00<\/td>\n<\/tr>\n<tr>\n<td>Day open \/ high \/ low<\/td>\n<td>Rs 308.90 \/ Rs 311.85 \/ Rs 304.10<\/td>\n<\/tr>\n<tr>\n<td>Last traded price<\/td>\n<td>Rs 309.55 (+2.16%) (as of 1:10 PM IST on 4 November 2026)<\/td>\n<\/tr>\n<tr>\n<td>Close on 2 Nov 2026 (result day)<\/td>\n<td>Rs 300.95 (+3.96%)<\/td>\n<\/tr>\n<tr>\n<td>Interim dividend declared<\/td>\n<td>Rs 7 per share<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The <strong>Petronet LNG share price<\/strong> rose about 4% on the day of the results and has added another 2% since. An interim dividend of Rs 7 equals roughly 2.3% of the current price, which gives the stock some income support, but it does not answer the question about repeatable earnings.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Petronet_LNG_Q2_FY27_Results_The_Numbers\"><\/span><strong>Petronet LNG Q2 FY27 Results: The Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Metric (quarter ended 30 Sep 2026)<\/th>\n<th>Q2 FY27<\/th>\n<th>Comparison<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Profit after tax<\/td>\n<td>Rs 1,235 crore<\/td>\n<td>Rs 806 crore in Q2 FY26 (+53%)<\/td>\n<\/tr>\n<tr>\n<td>Profit before tax<\/td>\n<td>Rs 1,659 crore<\/td>\n<td>Rs 1,083 crore in Q2 FY26 (+53%)<\/td>\n<\/tr>\n<tr>\n<td>EBITDA (brokerage figure)<\/td>\n<td>About Rs 1,800 crore<\/td>\n<td>+41% YoY, +10% QoQ<\/td>\n<\/tr>\n<tr>\n<td>Revenue from operations<\/td>\n<td>Rs 7,202 crore<\/td>\n<td>Rs 11,009 crore in Q2 FY26 (-35%)<\/td>\n<\/tr>\n<tr>\n<td>LNG throughput<\/td>\n<td>231 TBTU<\/td>\n<td>228 TBTU a year ago, 207 TBTU in Q1<\/td>\n<\/tr>\n<tr>\n<td>H1 FY27 profit after tax<\/td>\n<td>Rs 2,368 crore<\/td>\n<td>Rs 1,656 crore (+43%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>These are the best-ever second-quarter profit figures behind the <strong>Petronet LNG share price<\/strong> rally. Revenue fell by about a third because LNG prices were lower than a year earlier, and the quarterly profit rose because of terminal income and the efficiency gain discussed below. The company said net use-or-pay receivables have also fallen sharply, which removes an old overhang.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Inventory_Gain_Is_in_the_Profit\"><\/span><strong>How Much Inventory Gain Is in the Profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>An <strong>inventory gain<\/strong> arises when LNG bought earlier at a lower price is sold after spot prices have risen. Trading gains come from selling spare cargoes at a margin. The <strong>Petronet LNG share price<\/strong> depends mainly on regasification fees, so these gains are a bonus, not the core business.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Gain reported by the company<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Q2 FY26<\/td>\n<td>About Rs 41 crore<\/td>\n<\/tr>\n<tr>\n<td>Q1 FY27<\/td>\n<td>About Rs 494 crore<\/td>\n<\/tr>\n<tr>\n<td>Q2 FY27<\/td>\n<td>About Rs 660 crore (reported as roughly Rs 658 to 668 crore)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For anyone tracking the <strong>Petronet LNG share price<\/strong>, the company now reports one combined &#8216;operational and commercial efficiency gain&#8217; and no longer splits trading from inventory gain. That makes it harder for investors to see which part is repeatable. On the earnings call, management said a sharp reversal in the inventory part and in trading gains is possible once spot LNG prices moderate.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Underlying_Earnings_Without_the_Gains\"><\/span><strong>Underlying Earnings Without the Gains<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Approximate EBITDA (Rs crore)<\/th>\n<th>Q2 FY27<\/th>\n<th>Q2 FY26 (implied)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Reported EBITDA<\/td>\n<td>About 1,800<\/td>\n<td>About 1,277<\/td>\n<\/tr>\n<tr>\n<td>Less: efficiency gain<\/td>\n<td>About 660<\/td>\n<td>About 41<\/td>\n<\/tr>\n<tr>\n<td>EBITDA excluding gains<\/td>\n<td>About 1,140<\/td>\n<td>About 1,236<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>This is our estimate of the earnings behind the <strong>Petronet LNG share price<\/strong>, using the brokerage&#8217;s EBITDA figure and its 41% growth rate to back out last year&#8217;s base, so treat it as a guide, not a reported number. On that basis, the inventory gain explains the whole rise: earnings excluding the gain are about 8% lower than a year ago. This is the core of the case that the inventory gain may not sustain earnings growth.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Compare gas and energy stocks on the Univest Screener<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Volumes_and_Terminal_Utilisation\"><\/span><strong>Volumes and Terminal Utilisation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Dahej terminal processed 216 TBTU, against 211 TBTU a year earlier. Utilisation was 73% against 92%, but the company points out that the latest figure is on a larger base, because Dahej capacity rose from 17.5 to 22.5 million tonnes a year. Supply disruptions from Qatar linked to the Strait of Hormuz crisis have shifted the mix toward third-party volumes.<\/p>\n<p>Total throughput of 231 TBTU, a key driver of the <strong>Petronet LNG share price<\/strong>, rose 12% from the previous quarter. High spot LNG prices can cut demand from fertiliser and power buyers, so volume recovery will matter more than gains. New long-term contracts for the added capacity, and a renewal of the Qatar offtake arrangement, are the main triggers investors are waiting for.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Peers_and_Promoters_in_the_Gas_Chain\"><\/span><strong>Peers and Promoters in the Gas Chain<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Company<\/th>\n<th>Link to Petronet&#8217;s business<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/gail\/gail-%28india%29-ltd-share-price-today\">GAIL (India) Ltd<\/a><\/td>\n<td>Gas transmission and marketing; one of Petronet&#8217;s promoters<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/ioc\/indian-oil-corporation-ltd-share-price-today\">Indian Oil Corporation Ltd<\/a><\/td>\n<td>Refiner and fuel marketer; also a promoter<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/igl\/indraprastha-gas-ltd-share-price-today\">Indraprastha Gas Ltd<\/a><\/td>\n<td>City gas distributor that depends on LNG and pipeline gas<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/mgl\/mahanagar-gas-ltd-share-price-today\">Mahanagar Gas Ltd<\/a><\/td>\n<td>City gas distributor in Mumbai region<\/td>\n<\/tr>\n<tr>\n<td><a href=\"https:\/\/univest.in\/stocks\/gujenergy\/gujarat-gas-ltd-share-price-today\">Gujarat Gas Ltd<\/a><\/td>\n<td>City gas distributor sensitive to LNG prices<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>When spot LNG prices rise, city gas distributors face higher input costs, while terminal operators can book inventory gains. When prices fall, the effect runs the other way, which is why Petronet&#8217;s gains and its customers&#8217; margins often move in opposite directions. Comparing the <strong>Petronet LNG share price<\/strong> with these peers shows how differently each part of the chain reacts.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Brokerage_View_After_Q2\"><\/span><strong>Brokerage View After Q2<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>On the <strong>Petronet LNG share price<\/strong>, Nomura kept its Buy rating and a target price of Rs 345 in a note dated 2 November, calling the quarter strong with EBITDA 3% above its estimate and volumes 1% ahead. The brokerage said it wanted clarity on trading and inventory gains, the volume outlook and progress on new capacity contracts. Targets for the Petronet LNG share price differ across brokerages and can change, so check the latest research.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_to_Watch_Next\"><\/span><strong>What to Watch Next<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table>\n<thead>\n<tr>\n<th>Watch-point<\/th>\n<th>Why it matters<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Spot LNG prices<\/td>\n<td>Falling prices can reverse inventory gains<\/td>\n<\/tr>\n<tr>\n<td>Dahej and Kochi utilisation<\/td>\n<td>Drives steady regasification income<\/td>\n<\/tr>\n<tr>\n<td>New capacity contracts<\/td>\n<td>Fills the expanded Dahej capacity<\/td>\n<\/tr>\n<tr>\n<td>Qatar offtake renewal<\/td>\n<td>Sets long-term supply visibility<\/td>\n<\/tr>\n<tr>\n<td>Petrochemical project<\/td>\n<td>About Rs 3,300 crore spent so far; capex to rise in H2 FY27<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Petronet LNG and energy stocks on your phone.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The <strong>Petronet LNG share price<\/strong> is supported by record profit, a Rs 7 dividend and a brokerage Buy view. But the <strong>inventory gain<\/strong> and trading gains account for most of the improvement, and management expects them to fade when LNG prices ease. Investors should watch volumes, utilisation and new contracts as the lasting drivers of earnings.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Petronet_LNG_Share_Price\"><\/span><strong>Frequently Asked Questions on Petronet LNG Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Petronet_LNG_share_price_today\"><\/span><strong>What is the Petronet LNG share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock traded at Rs 309.55 on NSE, up 2.16%, at 1:10 PM IST on 4 November 2026, against a previous close of Rs 303.00. The day&#x27;s range was Rs 304.10 to Rs 311.85. Prices change during the session, so check a live quote.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Petronet_LNGs_Q2_FY27_results\"><\/span><strong>What were Petronet LNG&#x27;s Q2 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Profit after tax rose 53% to Rs 1,235 crore, and profit before tax rose to Rs 1,659 crore. Revenue from operations fell to Rs 7,202 crore from Rs 11,009 crore, and throughput was 231 TBTU. H1 profit was Rs 2,368 crore, up 43%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_inventory_gain_at_Petronet_LNG\"><\/span><strong>What is inventory gain at Petronet LNG?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It is the gain from selling LNG that was bought earlier at a lower price after spot prices rose. Petronet combined it with trading gains into one efficiency gain of about Rs 660 crore in Q2 FY27, against Rs 41 crore a year ago.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_the_inventory_gain_repeat_in_coming_quarters\"><\/span><strong>Can the inventory gain repeat in coming quarters?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> It may not. Management said that when spot LNG prices moderate, the inventory part and the trading gains could reverse sharply. Steady regasification income and higher volumes are the more dependable sources of profit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_revenue_fall_while_profit_rose\"><\/span><strong>Why did revenue fall while profit rose?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue from operations fell about 35% because LNG prices and traded volumes were lower than a year ago, while profit benefited from the large efficiency gain and terminal income. Revenue includes the cost of LNG sold, so it can fall without hurting terminal fees.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_dividend_has_Petronet_LNG_declared\"><\/span><strong>What dividend has Petronet LNG declared?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The board declared an interim dividend of Rs 7 per equity share for FY27 alongside the Q2 results. At Rs 309.55, that is about 2.3% of the share price. Check the record date on the exchange website before relying on it.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_Nomuras_target_for_Petronet_LNG\"><\/span><strong>What is Nomura&#x27;s target for Petronet LNG?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Nomura kept a Buy rating and a target price of Rs 345 in a note dated 2 November 2026. Targets differ among brokerages and can be revised, so compare several views and the latest research.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_Petronet_LNG_after_the_Q2_results\"><\/span><strong>Should I buy Petronet LNG after the Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This article cannot give a personal recommendation. Profit is at a record, but much of the rise came from gains that may reverse, and utilisation is lower on the expanded base. Review your time horizon and consult a SEBI-registered advisor before deciding.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What is the Petronet LNG share price today?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock traded at Rs 309.55 on NSE, up 2.16%, at 1:10 PM IST on 4 November 2026, against a previous close of Rs 303.00. The day's range was Rs 304.10 to Rs 311.85. Prices change during the session, so check a live quote.\"}},{\"@type\":\"Question\",\"name\":\"What were Petronet LNG's Q2 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Profit after tax rose 53% to Rs 1,235 crore, and profit before tax rose to Rs 1,659 crore. Revenue from operations fell to Rs 7,202 crore from Rs 11,009 crore, and throughput was 231 TBTU. 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See how much inventory gain drove earnings, plus volumes, peers and risks.<\/p>\n","protected":false},"author":35,"featured_media":338820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5331],"tags":[19738,19737,9214,9216,19736,19735,5055],"class_list":["post-338821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-https-univest-in-blogs-category-results","tag-gas-stocks","tag-lng-stocks","tag-petronet","tag-petronet-lng-dividend","tag-petronet-lng-inventory-gain","tag-petronet-lng-q2-results","tag-petronet-lng-share-price"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["338820"],"rank_math_title":["Petronet LNG Share Price: Inventory Gain Under Scrutiny"],"rank_math_description":["Petronet LNG share price trades near Rs 309.55 after Q2 profit rose 53%. See how much inventory gain drove earnings, plus volumes, peers and risks."],"rank_math_focus_keyword":["Petronet LNG share price"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/11\/petronet-lng-share-price-after-q2-fy27-why-the-inventory-gain-may-not-be-enough.webp","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/338821","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=338821"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/338821\/revisions"}],"predecessor-version":[{"id":338822,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/338821\/revisions\/338822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/338820"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=338821"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=338821"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=338821"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}