New Delhi, May 19 -- Petronet LNG's profit jumped nearly by half in the quarter ended March, driven by "efficiency in operations and higher capacity utilization".

The company reported a 45.4% year-on-year rise in its consolidated net profit for the quarter to Rs.1,067.58 crore, according to its exchange filing. Its profit after tax stood at Rs.734.07 crore a year earlier.

The company's total income for the period under review was Rs.12,513.15 crore, 10.28% lower than Rs.13,946.80 crore earned in fourth quarter of FY24. Its profit rose despite the decline in revenue because of lower expenses.

The joint venture of GAIL Ltd, Bharat Petroleum Corp. Ltd, Indian Oil Corp. Ltd and ONGC reported a 14.5% year-on-year fall in its expenses at Rs....