Petronet LNG Reports 53.2% Net Profit Growth In September Quarter

State-owned Petronet LNG reported a 53.2% growth in net profit to ₹1,235 crore for the September-end quarter, driven by improved operational efficiency.

Revenue from operations declined by about 35% to ₹7,200.35 crore, while overall capacity utilisation narrowed to 64% due to West Asian tensions affecting Qatari supplies.

CMD Akshay Kumar Singh stated the company is in talks with QatarEnergy to secure delivery of pending cargoes that were delayed due to force majeure.