Categories Earnings, Energy

Petronet LNG Limited Q4FY23 Earnings Story

In order to develop, design, build, own, and manage LNG import and regasification terminals in India, Petronet LNG Ltd was established.

As a joint venture with each holding 12.5%, GAIL, Indian Oil, Bharat Petroleum, and ONGC founded it in 1998.

Financial Results:

  • Petronet LNG Ltd. reported Total Income for Q4FY23 of ₹ 14,005 Crores up from ₹ 11,242 Crore year on year, a rise of 25%.

  • Total Expenses for Q4FY23 of ₹ 13,210 Crores up from ₹ 10,262 Crores year on year, a rise of 29%.

  • Consolidated Net Profit of ₹ 619 Crores, down 22% from ₹ 791 Crores in the same quarter of the previous year.

  • The Earnings per Share is ₹ 4.13, down 22% from ₹ 5.27 in the same quarter of the previous year.

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