HomeBusinessPetronet LNG Ltd records the highest profit of Rs 675 crore in Q3

Petronet LNG Ltd records the highest profit of Rs 675 crore in Q3

Reader's Pick

India’s largest liquefied natural gas importer Petronet LNG Ltd on Monday reported a profit of Rs 675 crore in the third quarter of December last year.

Speaking at the earnings call, the company, in its statement said, “The company has recorded a 17 percent increase in its third-quarter profit at Rs 675 crore as compared to last year’s profit of Rs 565 crore for the same quarter last year.”

“Petronet has processed 233 trillion thermal units (TBtus) of LNG in the last quarter against 2020 TBtus in the same quarter of 2018-19,” the statement said.

Adding to the statement, Petronet said, “Its flagship Dahej import facility in Gujarat operates at around 100 percent of its nameplate capacity and has processed 222 TBTus of LNG against 197 TBtus a year back. Whereas, Kochi terminal handled only 11 TBtus of LNG”

- Advertisement -

Petronet further added, “The significant increase in profit year to date is due to higher volumes of processing owing to commercial efficacy and better efficiency in operations.”


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.


Stay on top of Budget 2023 with our newsletter

We don’t spam! Read our privacy policy for more info.

- Advertisement -

Read latest Business News and Startup news on TechGraph. Watch live and latest news on TechGraph TV. Follow us on Facebook or follow us on Twitter and Instagram. Listen audio news from TechGraph Briefings on Spotify, Google Podcast, Amazon Music & on Apple Podcast.

Krishna Mali
Krishna Mali
Founder & Editor of TechGraph.

Latest News

Promoted Links

Related Stories

1Win App: Review India Apk for Android and iOS

The company 1Win has been successfully operating in the markets of many countri...

Japan approves 26 trillion yen as economic stimulus package to combat overseas risks

Japan's cabinet approved an economic stimulus package worth 26 trillion yen ($2...

Sino-US trade war offers Europe’s chance to bank more Chinese reserves: Analysis

Should European countries want the euro to replace the dollar as the world's do...

Employees union seeks FIR against Jet Airways boss Naresh Goyal, Vinay Dube and on SBI Chairman

The employee union of Jet Airways, which is facing its worst crisis, Friday sou...

Samsung Electronics asks its shareholders to use electronic voting for upcoming AGM

Technology giant Samsung Electronics has adopted electronic voting for the firs...

Rahul Gandhi hits on RCEP says, ‘Make in India’ has become ‘Buy from China’

Asserting that "Make in India" has become "Buy from China," Congress leader Rah...

NASA astronauts to carry first ever all-female spacewalk on 29 March

Two NASA astronauts are scheduled to carry out the first ever all-female spacew...

Union Budget 2023: Five Major Changes to the Personal Income Tax Regime

In a major announcement on income tax changes, the government has revealed five...

Business Technology Strategies to Help You Survive a Recession

There's no doubt about it – we're amidst a recession. And while that may mean c...

Lava launches “LAVA Pay”, an offline-based digital payment app

India-based multi-national handset maker Lava International has launched its of...