Categories Earnings, Energy, Research Summary

Petronet LNG Q3FY23; 60% Growth in Profits QoQ

For the purpose of creating, designing, building, owning, and managing LNG import and regasification terminals in India, Petronet LNG Ltd. was established.

Financial Results:

For Q3FY23, Petronet LNG Ltd, India’s biggest importer of liquefied natural gas, reported a 58.6% increase quarter-over-quarter in net profit at ₹ 1,180.5 crores due to decrease in expenses compared to the previous quarter.

Operational-level EBITDA climbed 42.8% to ₹ 1,675.4 crores in Q3FY23 compared to ₹ 1,173 crores in Q3FY22. In the October – December quarter versus the equivalent quarter of the current fiscal, the EBITDA margin was 10.6% as opposed to 7.3% in Q3FY22.

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