Petronet LNG surges on reporting 92% rise in Q4 net profit

10 May 2017

Petronet LNG is currently trading at Rs. 435.50, up by 6.65 points or 1.55% from its previous closing of Rs. 428.85 on the BSE.

The scrip opened at Rs. 444.50 and has touched a high and low of Rs. 448.60 and Rs. 432.50 respectively. So far 343203 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 453.65 on 21-Apr-2017 and a 52 week low of Rs. 253.10 on 24-May-2016.

Last one week high and low of the scrip stood at Rs. 448.60 and Rs. 421.60 respectively. The current market cap of the company is Rs. 32595.00 crore.

The promoters holding in the company stood at 50.00%, while Institutions and Non-Institutions held 37.12% and 12.88% respectively.

Petronet LNG 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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