Petronet LNG Q3 net up 71% to Rs 295 cr

Last Updated: Fri, Jan 27, 2012 10:48 hrs

Petronet LNG, the nation's largest liquefied natural gas importer, today posted a growth of 73% in the net profit for the third quarter ended December, 2011, at Rs 295 crore.

The net profit for the corresponding quarter in the previous stood at Rs 171 crore.

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During the period, net sales rose by 74% to Rs 6,330 crore from Rs 3,628 crore in the same quarter last fiscal.

According to a release with the Bombay Stock Exchange (BSE) , total income increased 75% to Rs 6,346.65 crore for the quarter from Rs 3,633 crore for the same quarter a year ago from the current quarter of financial year 2012.

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At 1207 hours, the shares of the firm were trading up by 2% at Rs 167 per share on the BSE.

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