Petronet LNG (PLNG) has reported 47% YoY decline in its adjusted EBITDA to Rs9bn (down 22% QoQ) and 64% YoY dip in net adjusted earnings to Rs4.1bn in Q3FY23, well below I-Sec estimates of Rs12.2bn EBITDA and Rs7.9bn PAT. YoY earnings decline was due to a 38% YoY dip in service volumes and lower trading gains.