scorecardEssar Oil posts record Rs 1,063 Crores Q1 profit
  1. Home
  2. Enterprise
  3. Essar Oil posts record Rs 1,063 Crores Q1 profit

Essar Oil posts record Rs 1,063 Crores Q1 profit

Essar Oil posts record Rs 1,063 Crores Q1 profit
Enterprise1 min read

Essar Oil reported its highest ever quarterly profit of Rs 1,063 Crores in April-June as strong refinery margins boost revenues by around 54%. The company posted a net profit of Rs 1,063 Crores in April-June as opposed to Rs 691 Crores in the same period of the last fiscal.

The company operates a 20 million tons a year refinery at Vadinar in Gujarat, and earned $11.05 for refining each barrel as opposed to $9.04 last fiscal.

Image credit: Indiatimes

READ MORE ARTICLES ON




Advertisement