Essar Oil, India’s second largest private refiner, reported gross revenues of Rs 27,317 crore for the April-June 2014 (Q1FY15) quarter, which was up 11% as compared Rs 24,721 crore reported in Q1FY14.
Current Price Gross Refining Margin (CP GRM) for Q1FY15 was $9.04/bbl, which was up 29% compared to $7.01/bbl in Q1FY14.
EBITDA during the quarter stood at Rs 1,573 crore, against Rs 414 crore in Q1FY14. Profit after Tax (PAT) for the quarter was at Rs 684 crore against a loss of Rs 863 crore during the same period last year.
During the quarter, Vadinar Refinery processed 5.14 MMT of crude, vs 5.14 MMT during the same period last year.
During the quarter, Essar Oil realized 66% of its revenues from the domestic market. Essar Oil has about 1,400 retail outlets across the nation, with over 300 in various stages of commissioning. We are now working to restart diesel sale from our retail outlets in phases.
No comments:
Post a Comment