Petronet Q1 net up 10% on processing larger volumes of imported fuel
Petronet LNG Ltd, India’s largest liquefied natural gas importer, on Friday reported a 10 per cent rise in first-quarter net profit on processing larger volumes of imported fuel.
Net profit in April-June at Rs 700.9 crore compared with Rs 635.67 crore in the same period a year back, Petronet CEO A K Singh said on a media call.
The rise was mainly because its liquefied natural gas (LNG) import terminal at Dahej in Gujarat processed larger volumes.
“During the quarter ended June 30, Dahej terminal processed 196 trillion British thermal unit (TBTU) of LNG as against 194 TBTU processed last year,” he said.
The company reported the highest-ever turnover of Rs 14,264 crore in the quarter as against Rs 8,598 crore in April-June 2021.
