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Essar Oil reports seven fold jump in Q3 net profit

10 Feb 2016 Evaluate

Essar Oil has reported results for third quarter ended December 31, 2015.  

The company has reported seven fold jump in its net profit at Rs 364 crore for the quarter ended December 31, 2015 as compared to Rs 52 crore for the same quarter in the previous year. However, the company’s total income has decreased by 44.91% to Rs 11343 crore for the quarter under review from Rs 20590 crore for the corresponding quarter of the previous year.  

Essar Oil is a fully integrated oil & gas company of international scale with strong presence across the hydrocarbon value chain from exploration & production to refining and oil retail.

Peers
Company Name CMP
Reliance Industries 1327.85
Indian Oil Corp. 145.10
BPCL 311.80
HPCL 401.35
MRPL 165.45
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