Petronet LNG, India's largest LNG importer, reports 40% Q1 net profit increase to Rs 1,100.76 crore, driven by higher gas volumes and efficiency in operations.

Petronet LNG, India's largest LNG importer, reported a 40% increase in net profit for Q1 of the fiscal year, reaching Rs 1,100.76 crore, driven by a rise in gas volumes. The company's revenue from operations saw a 15% uptick, amounting to Rs 13,415.13 crore. This growth is attributed to efficiency in operations, higher capacity utilisation of Petronet's LNG terminal at Gujarat's Dahej, and stable LNG prices.

July 24, 2024
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