Petronet LNG disappointed street with the third quarter net profit falling 38.2 percent sequentially (up 20 percent year-on-year) to Rs 162.4 crore.
A poll of CNBC-TV18 had expected profit of Rs 227.9 crore on revenue of Rs 11,058 crore for the quarter.
Total income from operations grew 2 percent (up 19 percent Y-o-Y) to Rs 11,198 crore during October-December quarter from Rs 10,980 crore in pervious quarter.
Operating profit fell 34.2 percent quarter-on-quarter (down 3 percent year-on-year) to Rs 341 crore and margin declined 170 basis points to 3 percent in the quarter gone by. Analysts had estimated operating profit at Rs 475.2 crore and margin at 4.3 percent for the quarter.
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