Don’t miss the latest developments in business and finance.

Petronet LNG drops after poor Q2 outcome

Image
Capital Market
Last Updated : Oct 21 2013 | 11:55 PM IST

Petronet LNG lost 3.09% to Rs 124.05 at 11:50 IST on BSE after net profit declined 42.3% to Rs 181.75 crore on 26.2% growth in net sales to Rs 9448.87 crore in Q2 September 2013 over Q2 September 2012.

The Q2 result was announced after market hours on Friday, 18 October 2013.

Meanwhile, the S&P BSE Sensex was almost unchanged at 20,881.98.

On BSE, 97,000 shares were traded in the counter as against average daily volume of 2.18 lakh shares in the past two weeks.

The stock hit a high of Rs 125.80 and a low of Rs 122 so far during the day.

Petronet LNG commissioned its 5 MMTPA Kochi LNG Terminal in Q2 September 2013.

More From This Section

Petronet LNG was formed as a joint venture by the Government of India (GoI) to import LNG and set up LNG terminals in the country.

Powered by Capital Market - Live News

Also Read

First Published: Oct 21 2013 | 11:49 AM IST

Next Story