Wednesday, January 19, 2011

Essar Oil Q3 Results

Essar Oil Ltd has announced the following Unaudited results for the quarter ended December 31, 2010:

The Company has posted a net profit after tax of Rs 2730.00 million for the quarter ended December 31, 2010 where as the same was at Net Loss of Rs (2260.00) million for the quarter ended December 31, 2009. Total Income is Rs 123330.00 million for the quarter ended December 31, 2010 where as the same was at Rs 99650.00 million for the quarter ended December 31, 2009.

The figures of segment assets and liabilities as at December 31, 2010 are not comparable with those of the corresponding previous period as at December 31, 2009 on account of the effect of scheme of amalgamation of its 100% subsidiary, Essar Oil Vadinar Ltd, with the Company, accounted as at March 31, 2010.

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Source: BSE Corporate Announcements

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