Petronet LNG Q3 Net Profit Surges 33% To Rs 529 Crore


Petronet LNG Q3 Net Profit Surges 33% To Rs 529 Crore

Petronet LNG Ltd, India’s biggest liquefied natural gas importer, today reported its highest ever quarterly profit in the three months to December 31 as it processed record gas volumes.

Net profit of Rs 529 crore in October-December period was 33 per cent higher than Rs 397 crore in the same quarter a year ago, Petronet Managing Director Prabhat Singh said.

“Third quarter for us has traditionally seen lower volume processing than second quarter. Second quarter has always been the highest volume processing quarter. But in October- December, we processed volumes which were higher than the second quarter,” he added. Read More…

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