India’s Petronet LNG logs higher profit

India’s Petronet LNG reported a 22.3 percent rise in its net profit in the first quarter of fiscal 2021-22, boosted by higher volumes at its Dahej import terminal.

Profit after tax or PAT reached 6.36 billion rupees ($85.6 million) in the April-June quarter, compared to 5.20 billion rupees last year.

Petronet also said its PAT increased when compared to 6.23 billion rupees in the prior quarter.

During the quarter, Petronet’s Dahej terminal processed 194 TBTU of LNG. This compares to 181 TBTU in the same quarter last year and 204 TBTU in the previous quarter, according to Petronet.

Including the Kochi facility, the overall LNG volume reached 209 TBTU. Petronet said this compares to 190 TBTU last year and 218 TBTU in the previous quarter.

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