Natural Gas importer Petronet LNG reported a 133 per cent spurt in net revenue for the third quarter of Financial Year 2017 as compared to the corresponding period in the previous fiscal. The company's net profit stood at Rs 397.47 crore for the third quarter of financial year 2017. This was at Rs 170.92 crore for the corresponding period in fiscal 2015-2016.
The doubling of net profit reflected in the Earnings per share which grew to Rs 5.30 in the third quarter from Rs 2.28 in the corresponding quarter of the previous financial year.
Revenue for the quarter ending December 2016 was at Rs 6,299.29 crore, 22 per cent higher than the revenue earned in the quarter ending December 2015, which was at Rs 5,146.03 crore. Net sales stood at Rs 5,976.58 crore in third quarter of financial year 2017, also higher than the Rs 4,821.85 crore net sales in the corresponding period last fisca