Essar Oil turns black in Q1

Essar Oil has reported results for first quarter ended June 30, 2014.

The company has reported a net profit of Rs 684 crore as compared to a net loss of Rs 863 crore for the quarter ended June 30, 2013. The company’s total income has increased by 10.55% to Rs 25087 crore for the quarter under review from Rs 22692 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.