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Petronet LNG Sep-quarter net grows 90% on lower tax to Rs 1,089 crore

Revenue from operations, however, slipped to Rs 9,361.18 crore from Rs 10,745.34 crore in the second of the previous fiscal year

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Petronet LNG Ltd reported nearly doubling of net profit in September quarter

Press Trust of India New Delhi
Petronet LNG Ltd, the country's biggest importer of liquefied natural gas, on Tuesday reported nearly doubling of net profit in September quarter on back of improved margins.

Net profit in July-September at Rs 1,089 crore was 90 per cent higher than Rs 572.89 crore net profit in the same period, the company said in a regulatory filing.

Revenue from operations, however, slipped to Rs 9,361.18 crore from Rs 10,745.34 crore in the second of the previous fiscal year.

"The company elected to exercise the option of lower tax rate of 25.17 per cent (announced last month by the government)," it

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First Published: Oct 29 2019 | 6:48 PM IST

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