Petronet LNG Standalone September 2024 Net Sales at Rs 13,021.82 crore
Wed, Nov 27, 2024 3:56 PM

Petronet LNG Standalone September 2024 Net Sales at Rs 13,021.82 crore

A Flip by Shubhangi Gupta
Get it on Google Play
Petronet LNG's quarterly net sales rose 3.91% to Rs 13,021.82 crore, with a 3.61% increase in net profit to Rs 847.62 crore, driven by higher sales and stable margins, with the company's EPS increasing to Rs 5.65 from Rs 5.45. Petronet LNG's shares closed at 328.90, with 9% returns over the last 6 months and 67.51% over the last 12 months.

More great flips

Gen AI, Quantum Computing set to create over 10 lakh jobs by 2030: Report

Gen AI, Quantum Computing set to create over 10 lakh jobs by 2030: Report

Emerging technologies like Gen AI and Quantum Computing are expected to create over 10 lakh jobs by 2030, with demand for Cybersecurity, DevOps, and analytics leading the way in India's IT sector. GCCs have emerged as the powerhouse of tech hiring, with a focus on hiring skilled professionals from Tier-2 and Tier-3 cities.

Open Flip
A rate cut by RBI will squeeze profitability of banks

A rate cut by RBI will squeeze profitability of banks

India's economic growth has slowed, while inflation has risen to 6.21%, prompting calls for the Reserve Bank of India (RBI) to cut interest rates. However, credit growth remains strong, driven by personal loans and home loans, despite higher borrowing costs. The RBI's dilemma is whether to prioritize growth or inflation control, as rate cuts may not necessarily boost consumption and investment.

Open Flip
Mahindra to pump Rs 4,500 crore for development of two new electric brands

Mahindra to pump Rs 4,500 crore for development of two new electric brands

Mahindra & Mahindra has committed Rs 4,500 crore on the overall development, including the creation of production capacity, for the two new ground-up electric brands, a top company executive said on Wednesday. The Rs 4,500 crore investment is part of the Rs 16,000 crore capex the company has announced for the electric vehicle business between the FY22-27 cycle.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon