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.
