PLLs net profit slides 20per cent in Q4
Petronet LNG (PLL), India´s largest state-owned natural gas importer, on Tuesday posted a 20 per cent decline in net profit in the quarter ended March (Q4), on account of reversal of tax expenses that had jacked up profit in the corresponding quarter in financial year 2014-15.
The company reported a net profit of Rs.239 crore for Q4 compared to Rs 300 crore in the year-ago period. The company´s profit before tax (PBT) jumped two-and-a-half times to Rs351 crore in Q4 FY16 against Rs.130 crore a year ago. However, the slide in net profit came despite a 19 per cent reduction in expenses to Rs.5,698 crore compared to Rs7,021 crore in FY15.
Contact: Petronet LNG Limited