Petronet LNG Q3 net up 73% at Rs 295 cr

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Petronet LNG Q3 net up 73% at Rs 295 cr

Petronet LNG, India's largest importer of liquefied natural gas, has reported a net profit of Rs 295 crore in the third quarter of FY12, a massive growth of 72.72% as compared to Rs 170.8 crore in a year ago quarter.

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Petronet LNG , India's largest importer of liquefied natural gas, has reported a net profit of Rs 295 crore in the third quarter of FY12, a massive growth of 72.72% as compared to Rs 170.8 crore in a year ago quarter.

Net sales jumped 74.5% to Rs 6,330 crore from Rs 3,627.6 crore year-on-year.

Numbers were better than analysts' expectations. CNBC-TV18 poll saw a profit after tax of Rs 265 crore and sales at Rs 6,070 crore.

But, operating profit margin declined at 7.9% in the October-December quarter of FY12 versus 9.52% in the corresponding quarter of last fiscal.