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06-Sep2016

Petronet LNG surges on reporting 55% rise in Q1 net profit

Petronet LNG is currently trading at Rs. 360.70, up by 7.50 points or 2.12% from its previous closing of Rs. 353.20 on the BSE.

The scrip opened at Rs. 361.00 and has touched a high and low of Rs. 366.30 and Rs. 360.00 respectively. So far 63697 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 366.30 on 06-Sep-2016 and a 52 week low of Rs. 169.35 on 28-Sep-2015.

Last one week high and low of the scrip stood at Rs. 366.30 and Rs. 337.20 respectively. The current market cap of the company is Rs. 27075.00 crore.

The promoters holding in the company stood at 50.00%, while institutions and non-institutions held 37.75% and 12.25% respectively.

Petronet LNG has reported 54.78% rise in its net profit at Rs 377.86 crore for the quarter ended June 30, 2016 as compared to Rs 244.12 crore for the same quarter in the previous year. However, the company's total income decreased by 35.96% to Rs 5386.66 crore for the quarter under review from Rs 8411.61 crore for the corresponding quarter of the previous year.

Petronet LNG is one of the leading players in oil and natural gas industry space. It has India's first and largest LNG supply terminal located at Dahej.


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