Petronet LNG stock rises on higher profits amid lesser tax outgo

BL Internet Desk | Updated on: Dec 06, 2021

The stock of Petronet LNG went up today on the back of strong September quarterly results following lesser tax outgo.

The stock was up 2.25% to Rs 285.40 on the BSE today. Similary, on the NSE, its shares were up by Rs 6.35, or 2.25%, to Rs 285.50

The leading player in energy sector has reported a ₹1,089 crore consolidated net profit for the quarter ending financial year 2019-20.

This is nearly twice the ₹572.89 crore net profit reported by the company in the same quarter of the preceding year.

The company's Board of Directors has also declared special interim dividend of ₹5.50 per equity share (of the face value of ₹10 each) for the financial year 2019-2020.

 

 

Published on October 30, 2019
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