Indus Gas Ltd on Thursday cited a ‘strong operational and financial performance’ for its financial year 2022 performance, with the India-focused oil and gas explorer and developer expecting further revenue growth.

Pretax profit in the year that ended March 31 rose 4.3% to $46.0 million from $44.1 million a year ago. Revenue climbed 11% to $53.7 million from $48.5 million.

‘During the next twelve months, we expect that the company will be able to achieve higher revenue and look forward to continued drilling success,’ the firm said.

Indus Gas shares were untraded at 258.00 pence each in London on Thursday morning.

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