Essar Oil has declared its third quarter results of FY10. It has reported net loss of Rs 226 crore as against loss of Rs 1,230 crore.
Revenues went up 18.5% to Rs 9,958 crore from Rs 8,405 crore and operating profit margin was at 2.22% versus EBITDA (earning before interest, tax, depreciation and amortisation) loss at Rs 748 crore.
Essar Oil says
-Processed 3.51 m tonne crude in October-December, up 9.3%.
-October-December gross refining margin came in at USD 2.21/bbl, which was lower than expectation.
The company sees refining margins firming up.
Source: CNBC-TV18Courtesy moneycontrol.com
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