Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Essar Oil posts record Rs 1,063 Crores Q1 profit

BI India BureauJul 29, 2015, 19:55 IST

Essar Oil reported its highest ever quarterly profit of Rs 1,063 Crores in April-June as strong refinery margins boost revenues by around 54%. The company posted a net profit of Rs 1,063 Crores in April-June as opposed to Rs 691 Crores in the same period of the last fiscal.

The company operates a 20 million tons a year refinery at Vadinar in Gujarat, and earned $11.05 for refining each barrel as opposed to $9.04 last fiscal.

Image credit: Indiatimes