Petronet LNG Ltd, India’s largest liquefied natural gas importer, on Monday reported a 9 per cent rise in the September quarter consolidated net profit as margins rose.It posted a consolidated net profit of Rs 855.74 crore, or Rs 5.70 per share, in July-September compared with Rs 785.73 crore, or Rs 5.24 a share, earning in the same period a year ago, according to a company’s stock exchange filing.
Revenue was down 21.6 per cent at Rs 12,532.57 crore on lower gas prices.Margin rose to 9.7 per cent in the second quarter of the current fiscal.Petronet said its board of directors approved an investment of Rs 20,685 crore for setting up a petrochemical plant at Dahej in Gujarat.
