Petronet LNG reports 55% rise in Q1 net profit

Petronet LNG has reported results for first quarter ended June 30, 2016.

The company has reported 54.78% rise in its net profit at Rs 377.86 crore for the quarter ended June 30, 2016 as compared to Rs 244.12 crore for the same quarter in the previous year. However, the company’s total income decreased by 35.96% to Rs 5386.66 crore for the quarter under review from Rs 8411.61 crore for the corresponding quarter of the previous year.

Petronet LNG is one of the leading players in oil and natural gas industry space. It has India’s first and largest LNG supply terminal located at Dahej.