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Business EconomyPosted at: Feb 13 2023 3:55PM


EOGEPL reports Q3 net profit at Rs 97 Cr

Mumbai, Feb 13 (UNI) Essar Oil and Gas Exploration and Production Ltd (EOGEPL) on Monday reported 273 per cent increase in net profit to Rs 97 crore for the quarter ended December 31, 2022.
The company's revenue for the quarter stood at Rs 219 crore, registering 54 percent year-on-year growth, a statement from the company said.
The Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for the quarter was Rs 171 crore , a 100 percent year-on-year growth.
Commenting on the performance, Prashant Ruia, Director - Essar Capital and EOGEPL, said, "Essar aims to participate in India’s vision9 of reducing carbon footprint and provide industries with alternate clean fuel at economical prices. We are committed to contribute to India’s vision of becoming a gas-based economy in the next decade by ramping up its gas production."
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