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Petronet LNG reports 24% rise in Q4 consolidated net profit

12 May 2022 Evaluate

Petronet LNG has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a rise of 20.34% in its net profit at Rs 750.14 crore for the quarter under review as compared to Rs 623.37 crore for the same quarter in the previous year. Total income of the company increased by 47.49% at Rs 11,245.61 crore for Q4FY22 as compared Rs 7,624.47 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 23.99% in its net profit at Rs 790.98 crore for the quarter under review as compared to Rs 637.92 crore for the same quarter in the previous year. Total income of the company increased by 47.44% at Rs 11,241.74 crore for Q4FY22 as compared Rs 7,624.47 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported a rise of 13.66% in its net profit at Rs 3,352.35 crore as compared to Rs 2,949.37 crore for the previous year. Total income of the company increased by 64.61% at Rs 43,475.83 crore for year under review as compared to Rs 26,411.05 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 16.97% in its net profit at Rs 3,438.11 crore as compared to Rs 2,939.23 crore for the previous year. Total income of the company increased by 64.76% at Rs 43,466.30 crore for year under review as compared to Rs 26,381.98 crore for year ended March 31, 2021.

Peers
Company Name CMP
Petronet LNG 285.85
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IRM Energy 267.95
Steamhouse India 113.92
Nilachal Carbo Metal 125.00
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