Terminal operator Petronet LNG reported better-than-expected profits for the fiscal second quarter as downstream sales surged.

The company, which operates the Dahej LNG terminal and is building a second at Kochi, booked net income of 2.6 billion rupees ($52.8 million), nearly double the 1.31 billion rupees earned in the same period of last year.

Financial analysts had predicted that the outfit would bring in 2.35