NEW DELHI: Essar Oil and Gas Exploration and Production Ltd (EOGEPL), a leader in unconventional hydrocarbon space, on Monday posted a net profit of Rs 335 crore for the year ending March 31, 2023.
The company reported revenue of Rs 900 crore, its highest, during the period under review, projecting a growth of about 1.8 times compared to the previous year, it said in a statement.
The company’s EBIDTA grew over 205% on a YoY basis to approximately Rs 700 crore. The EBIDTA margin saw a significant improvement of around 3100 basis points, reaching 77%, due to reduced operating costs and internal consumption.
