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Essar Oil surges on reporting net profit of Rs 32.00 crore in Q3

16 Jan 2013 Evaluate

Essar Oil is currently trading at Rs. 74.00, up by 1.20 points or 1.65% from its previous closing of Rs. 72.80 on the BSE.

The scrip opened at Rs. 73.60 and has touched a high and low of Rs. 75.40 and Rs. 73.40 respectively. So far 494879 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 75.65 on 15-Jan-2013 and a 52 week low of Rs. 44.80 on 18-Jan-2012.

Last one week high and low of the scrip stood at Rs. 75.65 and Rs. 69.15 respectively. The current market cap of the company is Rs. 10174.22 crore.

The promoters holding in the company stood at 15.96% while Institutions and Non-Institutions held 3.31% and 6.73% respectively.

Essar Oil has reported results for third quarter ended December 31, 2012.

The company has reported a net profit of Rs 32.00 crore for the quarter ended December 31, 2012 as compared to a net loss of Rs 3986.00 crore for the same quarter in the previous year. Total income of the company has increased by 85.89% at Rs 24,056.00 crore for quarter under review as compared to Rs 12,941.00 crore for the quarter ended December 31, 2011.

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 1435.70
Indian Oil Corp. 144.70
BPCL 302.85
HPCL 387.00
MRPL 167.90
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