Petronet LNG Q1 Profit Soars 40% on Higher Gas Volumes
Jul 24, 2024 14:32
Petronet LNG Ltd, India's largest LNG importer, reported a 40% jump in its Q1 net profit driven by increased gas volumes. Revenue also rose 15%.
Photograph: Issei Kato/Reuters
New Delhi, Jul 24 (PTI) Petronet LNG Ltd, India's largest liquefied natural gas importer, on Wednesday reported a 40 per cent jump in its first quarter net profit on a rise in gas volumes.
Consolidated net profit of Rs 1,100.76 crore in April-June - first quarter of current fiscal - compared with Rs 787.73 crore earning in the same period a year back, according to a stock exchange filing by the company.
Revenue from operations rose 15 per cent to Rs 13,415.13 crore.
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