Petronet LNG Ltd Reports 40% Jump in Q1 Net Profit

Petronet LNG Ltd, India's top liquefied natural gas importer, saw a 40% increase in net profit for the first quarter of the fiscal year. The company's earnings rose to Rs 1,100.76 crore compared to Rs 787.73 crore in the same period last year, driven by higher gas volumes.

Petronet LNG Ltd, India's largest importer of liquefied natural gas, reported a significant 40% increase in net profit for the first quarter of the fiscal year, driven by a rise in gas volumes.

The company disclosed a consolidated net profit of Rs 1,100.76 crore for April to June, marking a substantial rise from the Rs 787.73 crore earned during the same period the previous year, according to a stock exchange filing.

Additionally, revenue from operations saw a 15% uptick, reaching Rs 13,415.13 crore.

(With inputs from agencies.)