Analysts/Institutional Investor Meet/Con. Call Updates

Petronet LNG Limited Regd. Office: Fourth Floor, Tower-I, World Trade Centre, Nauroji Nagar, New Delhi – 110029 Phone: 011-71233525, CIN: L74899DL1998PLC093073 Email: investors@petronetlng.in, Company’s website: www.petronetlng.in CS/PLL/LISTING/Reg-30/2026 Date: 9th November 2026 The Manager The Manager BSE Ltd. National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street, Mumbai – 400 001 Bandra East, Mumbai – 400 051 Subject: Transcript of post-results Conference Call held on 3rd November 2026 Dear Sirs/Madam, This is with reference to our intimation dated 21st October 2026 and 3rd November 2026 intimating holding conference call of the Company scheduled on Tuesday, 3rd November 2026 at 1200 Noon (IST) for unaudited Financial Results of the Company for the quarter and half-year ended 30th September 2026 and uploading audio recording post Conference Call respectively. In terms of provisions of Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find attached the transcript of above conference call as Annex-1. This is for your kind information and record please. Yours faithfully, Sd/- (Rajan Kapur) GGM & President - Company Secretary Encl: as above Dahej LNG Terminal: Kochi LNG Terminal: GIDC Industrial Estate, Plot No. 7/A, Dahej Survey No. 347, Puthuvypu Taluka Vagra, Distt. Bharuch – 392130, Gujarat P.O. 682508, Kochi, Kerala Tel.: 02641-257249 Tel.· 0484-2502268 Annex-1 “Petronet LNG Limited Q2 FY27 Earnings Conference Call” November 03, 2026 MANAGEMENT: MR. SAURAV MITRA – DIRECTOR FINANCE AND CHIEF FINANCIAL OFFICER – PETRONET LNG LIMITED MR. RAKESH CHAWLA – EXECUTIVE DIRECTOR, FINANCE &ACCOUNTS – PETRONET LNG LIMITED MR. MUKESH GUPTA – GROUP GENERAL MANAGER, PRESIDENT, FINANCE AND ACCOUNTS – PETRONET LNG LIMITED MR. GYANENDRA KUMAR SHARMA – GROUP GENERAL MANAGER AND PRESIDENT, MARKETING – PETRONET LNG LIMITED MR. VIVEK MITTAL – GROUP GENERAL MANAGER AND PRESIDENT, MARKETING – PETRONET LNG LIMITED MR. DEBABRATA SATPATHY – CHIEF GENERAL MANAGER, VICE PRESIDENT, FINANCE AND ACCOUNTS –PETRONET LNG LIMITED MR. VIKASH MAHESWARI – GENERAL MANAGER, FINANCE AND ACCOUNTS – PETRONET LNG LIMITED MODERATOR: MR. PROBAL SEN – ICICI SECURITIES LIMITED Page 1 of 14 Petronet LNG Limited November 03, 2026 Moderator: Ladies and gentlemen, good day, and welcome to Petronet LNG Q2 FY27 Earnings Conference Call hosted by ICICI Securities Limited. As a reminder, all participant lines will be in listen- only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing star then zero on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Probal Sen from ICICI Securities Limited. Thank you, and over to you, sir. Probal Sen: Thank you, Anam. Thank you to everyone who has made time to attend this post second quarter of FY27 earnings call of Petronet LNG Limited. We have with us members of the senior management of the company, including Mr. Saurav Mitra, the Director of Finance as well as the CFO, Mr. Rakesh Chawla, ED (F&A), Mr. Mukesh Gupta, GGM and President (F&A), Mr. Vivek Mittal, GGM and President (Marketing), Mr. Debabrata Satpathy, CGM and VP (F&A), and Mr. Vikash Maheswari, GM (F&A). Start off with opening remarks from the management, post which we will have an interactive Q&A session. Over to you, Saurav, sir. Saurav Mitra: Good afternoon, Probal. Good afternoon, ladies and gentlemen. A warm welcome to the earnings call for Q2 FY26-'27. I'm happy to share that the company has delivered an excellent set of results for the second quarter and the first half of the Financial Year. This has been our best ever second quarter as well as our best ever half year in terms of both PBT and PAT. Let me briefly take you through the key numbers. Starting with operations, we processed 231 TBTU of LNG during the quarter compared to 207 TBTU in the previous quarter and 228 TBTU in the corresponding quarter last year. This represents a growth of 12% over the previous quarter and 1% over the corresponding quarter. At Dahej, throughput stood at 216 TBTU as against 192 TBTU in the previous quarter and 211 TBTU in the corresponding quarter last year. I would like to clarify that the utilization percentages for the current and previous quarters are based on Dahej's expanded capacity of 22.5 million ton per annum compared to 17.5 million metric ton per annum last year. So while the reported utilization is lower year-on-year, the actual volumes processed have increased. Coming to capacity utilization, Dahej operated at 73% compared with 66% in the previous quarter and 92% in the corresponding quarter. Overall utilization stood at 64% as against 58% and 78%, respectively. The financial performance has been particularly encouraging. PLL achieved a PBT of INR1,659 crores compared with INR1,514 crores in the previous quarter and INR1,083 crores in the corresponding quarter last year. This represents a growth of about 10% sequentially and 53% year-on-year. Similarly, PAT stood at INR1,235 crores compared with INR1,133 crores in the previous quarter and INR806 crores in the corresponding quarter last year, registering a growth Page 2 of 14 Petronet LNG Limited November 03, 2026 of 9% sequentially and 53% year-on-year. For the first half, PBT stood at INR3,174 crores and PAT at INR2,368 crores, both registering a growth of 43% over the corresponding period last year. I wholeheartedly thank the investors and analysts for reposing their trust on PLL through the years. With this, we open the floor for questions-and-answer session. Thank you. Moderator: Thank you very much sir. We will now begin the question and answer session. The first question is from the line of Mayank Maheshwari from Morgan Stanley. Please go ahead. Mayank Maheshwari: Hi, sir. Thank you for a call and good set of volume numbers. I had 2 questions. One, in terms of a big picture view around how you're thinking about India's gas consumption and elasticity to gas prices? And second was more on the petchem project. If you can just elaborate on the progress for that project as well as what are your capex numbers, etcetera, that you spent and the outlook for the second half? Saurav Mitra: Okay. So I would like to take the first question -- second question first, Mayank, and thank you for joining the call. So total capex during the first half of the year stood at INR1,626 crores. However, we expect an uptick in the capex during the second half because we have been able to place all the major orders and the project progress is on schedule. So although on ground - although financially, the progress appears to be a little less, but if you see the on-ground physical progress, it is as per the schedule. Secondly, coming to your first question, Vivek, if you can please. Vivek Mittal: So in terms of gas demand in India, we have seen an uptick in gas demand despite the fact that Qatar volumes are not coming in. In fact, we have done certain analysis. So last year, 2025 calendar year, India imported 25.3 million tons of LNG. In the first 9 months of this calendar year, which is 2026, India imported 20.15 million tons. So if we do a flow rate of 25 million tons, it works out to around 19 million tons. So vis-a-vis 19 million tons, India imported 20 million tons in the current calendar year. In terms of sources, we have seen US Oman, Nigeria, Angola, Trinidad and Australia going up. Of course, Qatar and UAE has come down. So this entire demand decline from Qatar and UAE has been compensated by these sources. And this is despite the fact that the prices are in the range of $20 to $25 from March till September. So we believe that Indian demand is resilient. In terms of sectoral, I think fertilizer is a major sector because Qatar volumes used to go into ferti [Showing first 8,000 characters — download PDF for full document]