Essar Oil Ltd has announced the following Unaudited Standalone results for the quarter & year ended March 31, 2010:

The results for the Quarter ended March 31, 2010

The Company has posted a net profit for the period Rs 1800 million for the quarter ended March 31, 2010 where as the same was at Rs 6600 million for the quarter ended March 31, 2009. Total Income is Rs 105450 million for the quarter ended March 31, 2010 where as the same was at Rs 68320 million for the quarter ended March 31, 2010.

The results for the Year ended March 31, 2010

The Company has posted a net profit for the period Rs 290 million for the Year ended March 31, 2010 where as the same was at net loss for the period Rs 5140 million for the Year ended March 31, 2009. Total Income is Rs 367150 million for the Year ended March 31, 2010 where as the same was at Rs 377000 million for the Year ended March 31, 2010.

The results for the year ending on March 31, 2009 are not comparable with those of the previous year ending on March 31, 2009 in view start of commercial production of refinery w.e.f. May 01, 2008.