State-owned refining and marketing major, Indian Oil Corporation (IOC) on Friday reported an 18.4% year-on-year (YoY) rise in net profit at Rs 3,696.29 crore for the quarter ended September 30.
Falling margins may hurt oil refiners while a rise in crude prices is expected to help oil and gas explorers post better earnings in the January-March quarter of the financial year 2016-17.
Essar Oil Limited today announced to its shareholders that it had recorded its highest ever EBITDA, PAT and GRMs in FY 2015-16 at the 26th Annual General Meeting in Vadinar, Gujarat. In FY2015-16, the company achieved its highest ever EBIDTA of Rs 7,773 crore, which was 35% higher than the previous year. The Profit after […]