Petronet LNG reports 92% rise in Q4 net profit

10 May 2017

Petronet LNG has reported results for fourth quarter and year ended March 31, 2017.

The company has reported a rise of 91.92% in its net profit at Rs 470.79 crore for the quarter ended March 31, 2017, as compared to Rs 245.31 crore for the same quarter in the previous year. Total income of the company increased by 7.48% at Rs 6515.82 crore for quarter under review, as compared to Rs 6062.63 crore for the quarter ended March 31, 2016.

For the year ended March 31, 2017, the company has posted a rise of 86.77% in its net profit at Rs 1705.67 crore as compared to Rs 913.26 crore in FY16. However, total income of company decreased by 8.52% at Rs 24962.67 crore for year under review as compared to Rs 27306.76 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a rise of 85.71% in its net profit at Rs 1723.13 crore as compared to Rs 927.85 crore in the previous year. However, total income of company decreased by 8.52% at Rs 24962.67 crore for year under review as compared to Rs 27306.76 crore for the year ended March 31, 2016.

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Puchho Befikar
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