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Shiv-Vani Oil & Gas reports three-fold rise in Q4 net profit

16 May 2012 Evaluate

Shiv-Vani Oil & Gas has reported results for fourth quarter ended March 31, 2012.

On standalone basis, the company has posted a rise of 266.52% in its net profit at Rs 76.09 crore for the quarter ended March 31, 2012 as compared to Rs 20.76 crore for the same quarter in the previous year. However, total income decreased by 13.25% at Rs 294.74 crore for quarter under review as compared to Rs 339.75 crore for the quarter ended March 31, 2011.

On consolidated basis, the company has posted a rise of 47.22% in its net profit at Rs 91.60 crore for the quarter ended March 31, 2012 as compared to Rs 62.22 crore for the same quarter in the previous year. However, total income decreased by 10.94% at Rs 357.39 crore for quarter under review as compared to Rs 401.30 crore for the quarter ended March 31, 2011.

Peers
Company Name CMP
ONGC 227.10
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Deep Industries 664.15
Asian Energy Service 388.20
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