Essar Oil back in black with Rs 273 cr Q3 net

Essar Oil today reported a net profit of Rs 273 crore for the quarter ended December 31, 2010 as against a net loss of Rs 226 crore in the year ago period.
    
Net sales was up 23 per cent to Rs 12,495 crore in the October-December quarter, the company said in a filing to the stock exchanges.
    
During April-December, the company reported a net profit of Rs 333 crore as opposed to a loss of Rs 150 crore in the first nine months of previous fiscal.
    
Net sales was up 28.7 per cent to Rs 34,341 crore.