SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

Essar Oil hits 52-week high on five-fold Q4 profit

The stock has rallied 14% to Rs 91 after reporting five-fold jump in net profit at Rs 1,008 crore for the quarter ended March.

Related News

has rallied 14% to Rs 91.20 after reporting a five-fold jump in net profit at Rs 1,008 crore for the fourth quarter ended March 31 2014 (Q4) due to a one-time foreign exchange gain of Rs 314 crore and healthy refining margins. The company had posted a profit of Rs 200 crore in the same quarter last year.

Net sales grew by 7% to Rs 25,211 crore on a year-on-year basis, Essar Oil said in a statement.

The gross refining margins (GRM) for the quarter stood at $10.12 per barrel. GRM is the difference between the per-barrel price of crude oil and the value of petroleum products produced by a refinery from it.

The stock opened at Rs 86 and hit a 52-week high of Rs 92.50 on the NSE. A combined 3.95 million shares have already changed hands on the counter in early morning deals on the NSE and BSE.

Read more on:   
|
|

Read More

Modi rally draws retail investors

Brokers say individuals returning in big numbers, with hitherto inactive accounts seeing action

Recommended for you

Quick Links

Market News

Today's picks- 4 March 2015

Nifty, Bank Nifty, Sesa Sterlite, NMDC & IDFC

Ortel Communications IPO subscribed 0.30 times on 2nd day

The initial public offer (IPO) of regional cable TV services provider Ortel Communications was subscribed 0.30 times on the second day of the ...

MP soybean braces up to tackle low demand, high tax

The state accounts for more than 70 per cent of the country's soybean production

SBI's up to Rs 15,000-cr share sale likely by April-end

According to sources, share sale will happen via the 'fast track' follow-on offering route

Markets fall on profit-booking despite RBI's surprise rate cut

The 30-share Sensex ended down 213 points at 29,380 and the 50-share Nifty closed down 74 points at 8,922

 

Back to Top