Business Standard

Petronet LNG climbs over 6% as Q2 net profit surges 90% YoY

The company's board of directors also approved special interim dividend of Rs 5.50 per share for 2019-20 fiscal year.

Top FPIs see modest rise in investment value amid sustained volatility
Premium

SI Reporter New Delhi
Shares of Petronet LNG climbed as much as 6.37 per cent to Rs 297 apiece on the BSE in the early morning deals on Wednesday, a day after the company reported nearly doubling of net profit in September quarter on the back of improved margins.

The company's net profit during July-September period stood Rs 1,089 crore, up 90 per cent against Rs 572.89 crore posted in the year-ago period. 

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.

That apart, the company's board of directors also approved special interim dividend of

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 30 2019 | 10:16 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com