Petronet LNG gains 2.5% on good performance in Q3

Net profit of the company grew 1.2 percent quarter-on-quarter and 7.8 percent year-on-year to Rs 318.5 crore in the third quarter of current financial year 2012-13 as against an expectation of a decline in profits.

Sales increased 12 percent QoQ and 34 percent YoY to Rs 8,375 crore during the same period. Volumes rose by 4 percent QoQ to 141 TBTU, which was in-line with expectations.

At 10:44 hours IST, the stock moved up 1.58 percent to Rs 164.05 on Bombay Stock Exchange.

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