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India Earnings - Petronet LNG net slides 19.83% to Rs 105 crore

By Abhishek on 1:55 PM

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Petronet LNG Ltd : India's Petrochemicals company Petronet LNG has announced its third quarter results. During the quarter, the profit of the company declined 19.83% to Rs 105 crore or Rs 1,050.80 million from Rs 131 crore or Rs 1,310.77 million in the same quarter previous year. 

Net sales for the quarter jumped 56.41% to Rs 2,473 crore or Rs 24,730.42 million, while total income for the quarter jumped 56.63% to Rs 24,951.98 million, when compared with the prior year period.Its net sales were at  versus Rs 1581.1 crore.

The company's other income was at Rs 22.15 crore versus Rs 11.96 crore and operating profit was at Rs 185.5 crore versus Rs 232 crore.

Its OPM was at 7.5% versus 14.7%. The company reported earnings of Rs 1.40 a share during the quarter, registering 20% decline over prior year period.



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