Petronet LNG, the nation’s largest importer of liquefied natural gas has reported results for the quarter and year ended March 31, 2012.
The company has reported 18.83% rise in net profit in the fourth quarter of 2011-12 on back of higher volumes. The company’s net profit in January-March stood at Rs 245.12 crore as compared to Rs 206.27 crore in the same period a year ago. Moreover, the company’s total income for the quarter under review increased by 59.59% to Rs 6397.54 crore as compared to Rs 4008.78 crore.
For the full year ended March 31, 2012, the company has posted a net profit of Rs 1,057.54 crore as compared to Rs 619.62 crore for the year ended March 31, 2011, which is up by 70.68%. Its total income has surged by 71.91% to Rs 22,780.74 crore for the year ended March 31, 2012 from Rs 13,251.21 crore for the previous year.
