Petronet LNG shares surge 7% after September quarter results
Shares of the company advanced 6.37 per cent to Rs 297 on the BSE.
By PTI | Updated:
New Delhi: Petronet LNG shares gained nearly 7 per cent on Wednesday after the company reported nearly doubling of net profit in the September quarter on back of improved margins.
Net profit in July-September at Rs 1,089 crore was 90 per cent higher than Rs 572.89 crore net profit in the same period, the company said in a regulatory filing.
Revenue from operations, however, slipped to Rs 9,361.18 crore from Rs 10,745.34 crore in the second of the previous fiscal year.
Petronet said its board of directors approved special interim dividend of Rs 5.50 per share for 2019-20 fiscal year.
The shares of the company closed 2.20 per cent higher at Rs 285.35 on BSE.
Net profit in July-September at Rs 1,089 crore was 90 per cent higher than Rs 572.89 crore net profit in the same period, the company said in a regulatory filing.
Revenue from operations, however, slipped to Rs 9,361.18 crore from Rs 10,745.34 crore in the second of the previous fiscal year.
Petronet said its board of directors approved special interim dividend of Rs 5.50 per share for 2019-20 fiscal year.
The shares of the company closed 2.20 per cent higher at Rs 285.35 on BSE.
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