Savita Reports Strong Quarter

-
BY K. VENKATESHWAR RAO
India’s Savita Oil Technologies Ltd.– a supplier of transformer oils, white oils, lubricants and other products – reported a net profit of Rs 40.3 crore (Rs 403 million or U.S. $5.9 million) for its fourth quarter, up 28 percent from the same quarter last year.
Total revenue for the quarter ending March 31 stood at Rs 460.5 crore, down 3.9 percent from Rs 479.3 crore during the same period last year.
For the full year, the company posted an 8.4 percent increase in total revenue to Rs 1,824.6 crores from the previous year’s Rs 1,683.3 crore. Net profit for the full year also rose, increasing 34.8 percent to Rs 126.2 crore.


Revenue from petroleum products slid to Rs 456.4 crores for the fourth quarter, down from Rs 485.3 crore during the same period last year. However, revenue from petroleum products for the full year increased from Rs 1,648.4 crore last year to Rs 1,790.2 crore.Savita Reports Strong Quarter

Comments

Post a Comment

Popular posts from this blog

Top 10 Airbnb Vacation Rentals In Shrewsbury, UK

-
Image
Often referred to as the “Town of Flowers”, the beautiful medieval market town of Shrewsbury has many more attractions than just flowers and timber-framed, black & white buildings. Wonderful, world-famous attractions such as Shrewsbury Abbey, the Shrewsbury Castle, and the Shrewsbury Museum and Art Gallery are places you can visit when you’re in Shrewsbury. While you’re in Shrewsbury, UK, you can also go on a riverside stroll near the River Severn. Shrewsbury’s picturesque, cobbled alleys and squares can delight visitors. Shrewsbury is also home to two world heritage sites: Pontcysyllte Aqueduct and Canal World Heritage Site. Planning a trip to Shrewsbury? Consider staying at one of these 10 great Airbnb vacation rentals in Shrewsbury, UK listed below and book a room today! Read also: Where To Stay In Shrewsbury, UK: 8 Hotels & Vacation Rentals Guide To The 10 Best Things To Do In Shrewsbury, UK 1. Self contained chalet in Shropshire (from USD 50)
Read more

Top 10 Airbnb Vacation Rentals In Anniston, Alabama

-
Image
A prominent industrial center in Alabama’s mountainous north-eastern, the city of Anniston, in Calhoun County, presents a colorful character with its historical architecture and walking, hiking, and biking trails. The city has many tourist attractions ranging from Hitler’s Tea Service and Spy Weapons to World’s Largest Office Chair. The Anniston Museum of Natural History features exhibits on Alabama’s natural environment and wildlife, geology, African environments, and ancient Egypt. Fort McClellan hosts a weekly concert series at McClellan featuring rock, jazz, classical, and other genres of music in the historic Monteith Amphitheater in summers. C.A.S.T. (the Community Actors Studio Theater) offers a wide variety of theatrical performances throughout the year. The Mountain Longleaf National Wildlife Refuge is the abode of one of the last remaining stands of longleaf pine forest in the state. Other outdoor activities include Chief Ladiga Trail, the 33-mile (53.1 km) rails-to-trai
Read more

Bangladesh, Sri Lanka, Nepal Hailed for Growth Edit article Published on April 19, 2016

-
BY K. VENKATESHWAR RAO • APRIL 19, 2016 MUMBAI – India’s lubricant market attracts much attention because of its trends for size and quality. But several of its neighbors – Bangladesh, Sri Lanka and Nepal – are also growing at attractive rates, an industry insider told a conference here this month. At the ICIS India Base Oils & Lubricants Conference on April 5, Gulf Oil Lubricants India Ltd. Managing Director Ravi Chawla said lube demand in all three countries is growing due to economic expansion, growing vehicle parcs and investment in infrastructure. Expansion of the country’s power grid is expected to help drive growth in Bangladesh’s lubricant market. Bangladesh is the biggest of the three markets, with annual lube demand of 73,000 metric tons, Gulf estimates. Lubricant consumption typically tracks economic activity, and some of the things that make the country an attractive lube market are the trends of its economy. It is among the “Next 11” group of countries identi
Read more