Petronet LNG reports strong Q1 numbers

Petronet LNG has reported results for its first quarter ended June 30, 2011

The company’s net profit for the quarter has zoomed by 130.50% at Rs 256.71 crore as compared to Rs 111.37 crore for the quarter ended June 30, 2010. Its total income has surged by 76.06% to Rs 4623.30 crore for the quarter under review from Rs 2625.97 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.