Essar Oil Ltd has announced the following results for the Quarter & Year ended March 31, 2014: The Audited Standalone results for the Quarter ended March 31, 2014 The Company has posted a net profit of Rs. 10080 million for the Quarter ended March 31, 2014 as compared to Rs. 2000 million for the Quarter ended March 31, 2013. Total Income has increased from Rs. 238590 million for the Quarter ended March 31, 2013 to Rs. 254790 million for the Quarter ended March 31, 2014. The Audited Standalone results for the Year ended March 31, 2014 The Company has posted a net profit of Rs. 1260 million for the year ended March 31, 2014 as compared to net loss of Rs. (11800) million for the year ended March 31, 2013. Total Income has increased from Rs. 891870 million for the year ended March 31, 2013 to Rs. 994730 million for the year ended March 31, 2014. The Consolidated Results are as follows: The Audited consolidated results for the Year ended March 31, 2014 The Group has posted a net profit after taxes and Share of Associates of Rs. 1270 million for the year ended March 31, 2014. Total Income is Rs. 994730 million for the year ended March 31, 2014.

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