Petronet LNG Net Profit Dips

Petronet LNG, India’s biggest liquefied natural gas importer, posted a net profit of Rs.169.3 crore for the quarter ended March 31, down 31 percent compared to the same period a year before.

Petronet’s total income has increased from Rs.8,487.86 crore for the quarter ended March 31, 2013, to Rs.10,458.55 crore for the quarter ended March 31, 2014.

The company’s net profit for the full year ended March 2014 declined by 38 percent to Rs.711.92 crore, compared with Rs.1,149.28 crore for the year ended March 31, 2013.

1 Indian rupee = 0.016581 U.S. dollars

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