Petronet LNG boasts record profit in FY 2019-2020

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By Adnan Bajic Petronet LNG, India’s largest importer of liquefied natural gas, reported record profit after tax as well as LNG terminals activity during the financial year ending March 31, 2020.

During the financial year under review, Petronet LNG reported a profit after tax (PAT) of 26.98 billion Indian Rupees ($357.15 million) which compares to 21.55 billion Indian Rupees ($285.30 million).

Petronet LNG noted this is the company’s record annual profit.

The profit after tax for the current quarter was reported at 3.59 billion Indian Rupees ($47.5 million) which compares 6.75 billion Indian Rupees ($89.3 million) and 4.40 billion Indian Rupees ($58.2 million)

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