| Press Releases |
| Essar Steel turns corner – Posts Net Profit of Rs. 48.3 million |
| July 31, 2001 |
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Financial Performance |
Essar Oil Ltd. (EOL) has registered a rise of 32% in its Net profit at Rs. 25.05 crores (USD 5.72 million) for the year ended March 31, 2000, compared to Rs. 189.2 crores (USD 4.32 million) for the corresponding period of last year. The EBIDTA is higher by 37% at Rs. 685.0 crores (USD 15.64 million) compared to Rs. 499.6 crores (USD 11.40 million) in the last year.
The Company’s total income has risen marginally by 6.85% at Rs. 2619.0 crores (USD 59.78 million) (Rs. 2451.0 crores (USD 55.95 million) for the last year). After providing for Depreciation of Rs. 222.9 crores (USD 4.80 million) (Rs. 210.3 crores (USD 4.80 million) ) and interest of Rs.151.6 crores (USD 4.32 million) (Rs. 79.1 crores (USD 1.81 million) ), the company has posted a net profit of Rs. 250.5 crores (USD 5.72 million) (Rs 189.2 crores (USD 4.32 million) ) |
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