Petronet LNG's September quarter net profit rose 21 percent,
year-on-year to Rs 315 crore boosted by forex gains. The company which imports
and sets up LNG terminals in the country had a forex gain of Rs 114 crore as
against a loss of Rs 52.6 crore,YoY.
Net sales of the company grew 41% to Rs 7,488 crore.
Analysts on an average had expected the state-run company to post net profit of
Rs 7488 crore and revenues were estimated to be approximately Rs 7390 crore.
During the quarter, the company's Dahej terminal operated at 106% utilization
levels.
The company said it could post good results on the back of
better trading margins.
At 14:52 hours IST, the share rose 1.26 percent to Rs 169.30
amid large volumes.
Meanwhile, the company which is in expansion mode has said
that its Kochi terminal will go on stream soon. However, the terminal will
operate only to less than a fifth of its capacity, because the off-take
infrastructure is not yet ready.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
No comments:
Post a Comment