Liquefied natural gas importer Petronet LNG Ltd. announced financial results for the third-quarter, reporting a higher net profit for the third-quarter, on increased income.
The New Delhi-based company posted third-quarter net profit of Rs.318.50 crore or Rs.4.25 per share, eight percent higher than the Rs.295.38 crore or Rs.3.94 per share in the year-ago quarter.
Its quarterly income increased by 34 percent to Rs.8,375.31 crore from the Rs.6,257.62 crore in the corresponding quarter last year, while other operating income amounted to Rs.47.47 crore, compared with Rs.72.64 crore in the year-ago quarter.
For the nine months, the company’s net profit was Rs.904.14 crore, up by 11 percent from the Rs.812.42 crore in the corresponding period last year. Total income, including other operating income, grew by 41 percent to Rs.2,300.18 crore from the Rs.1,632.04 crore for the comparable period a year-ago.
At the BSE, Petronet LNG shares are being traded at Rs.164, up .55 percent from the previous close.
Click here to receive FREE breaking news email alerts for Petronet LNG Ltd. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News