Petronet LNG dips 5% on disappointing Q4 results; net profit falls 18% YoY
Shares of Petronet LNG (PLNG) dipped 5 per cent to Rs 224.25 on the BSE in Thursday’s intra-day trade on weak January-March quarter results. (Q4FY23).
The company reported a 19 per cent year-on-year (YoY) and 43.7 per cent quarter-on-quarter (QoQ) fall in its earnings before interest, taxes, depreciation, and amortization (EBITDA) to Rs 943 crore for the quarter.
The company’s profit after tax (PAT) declined 18 per cent YoY (down 48 per cent QoQ) to Rs 614.3 crore. Revenue increased 24.3 per cent YoY (down 12 per cent QoQ) to Rs 13,873.9 crore.
