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30-Jan-2024

Petronet LNG

PBT up 1%


'Petronet LNG consolidated net sales declined 6.52% to Rs 14747.21 crore during Q3FY24 compared to Q3FY23. Operating profit margin has jumped from 10.62% to 11.56%, leading to 1.82% rise in operating profit to Rs 1,705.44 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 87.83% to 85.56%.   Employee cost increased from 0.29% to 0.34%.   Other expenses rose from 1.26% to 2.53%.  

Other income fell 12.85% to Rs 156.55 crore.  PBIDT rose 0.40% to Rs 1861.99 crore.  Provision for interest fell 14.36% to Rs 69.67 crore. 

PBDT rose 1.08% to Rs 1792.32 crore.  Provision for depreciation rose 1.64% to Rs 195.48 crore. 

Profit before tax grew 1.01% to Rs 1,596.84 crore....



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