Petronet LNG Q3 net rises 16% to ₹679 crore

Petronet LNG Limited has reported a ₹679.22 crore consolidated net profit for the third quarter of financial year 2019-20. This is 15.76 per cent higher than ₹586.73-crore net profit reported in the corresponding quarter of the previous year.

Consolidated total revenue for the period under review declined to ₹8,994.39 crore in the quarter ended December 2019. This is 11.70 per cent lower than ₹10,186.18 crore reported in the comparable quarter in the previous financial year.

A company statement said the company processed 233 trillion British Thermal Units (tBTU) of liquefied natural gas during the quarter. Comparably, Petronet LNG processed 202 tBTU of LNG in the quarter ended December 31, 2018.