would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
Equity Champ
You may be correct in some of the instances. But with LIOC you seems to be wrong.
Please look at the following.
2010 Profit of 876 mln
2011 profit of 905mln
2012 profit of 2.9bln
2013/14 Net Profit/(Loss)
1st qtr 1.35bln
2nd qtr 1.5bln
3rd qtr 1.3bln
4th qtr 720mln
Total Year 4.8bln profit
EPS Rs. 9.04
2014/15
1st qtr 1.2 bln
2nd qtr 1.1 bln
3rd qtr 610 mln
4th qtr (1.1bln) loss
Total Year 1.9bln profit
EPS Rs. 3.50
2015/16
1st qtr 169mln
2nd qtr (373) mln loss
3rd qtr 882mln
4th qtr 1,6bln
Total Year 2.2bln profit
EPS Rs. 4.21 better than last year
2015/16
1st qtr forcast 2.3bln profit
Forcasted EPS Rs.4/-
Profitabilty of LIOC depends mainly on the selling price of petrol/Diesel, Excise duty/ customs duty on petrol and diesel and crude oilprice in the market, exchange rate etc.
Nov/Dec 2014 excise/customs duty on petrol and diesel were increased by Rs. 23/- and 7/- respectively. In addition petrol and diesel prices were reduced by Rs. 7/-. This happened just before the Presidential election.
During this period while there was a reduction of abou Rs. 15/- in crude oil prices, loss suffered due to price reduction and increased excise/cust duty was more. In addition after the election in Jan'15 again the petrol and diesel prices were reduced by Rs. 33/- and 16/-. This was a massive blow to the Petrolium corporation and the LIOC and due to this unacceptable actions of the govt. both institutions made huge losses. LIOC loss was Rs. 1.1 bln in the 4th qtr.
Thereafter the crude oil prices were coming down and the situation changed from 3rd qtr of 2015/16 onwards as given above. I don't think what happened in end 2014 and beginning of 2015 will happen again.
Hence there is no point looking at graphs which are affected by the wrong perceptions of market players. Look at the facts and figures what I have given. If someone can say with facts and figures that this is not a good share we can look at it. This is why I said earlier we should know the subject well before commenting.
Just because one does not like the share we cannot say the accounts are manupilated. LIOC share price touched Rs. 60/- before the above exercises by the Govts. All those were done eying on elections. I don't think this will happen again and LIOC should do much better now.
This is the last chance of buying LIOC at a very low price
You may be correct in some of the instances. But with LIOC you seems to be wrong.
Please look at the following.
2010 Profit of 876 mln
2011 profit of 905mln
2012 profit of 2.9bln
2013/14 Net Profit/(Loss)
1st qtr 1.35bln
2nd qtr 1.5bln
3rd qtr 1.3bln
4th qtr 720mln
Total Year 4.8bln profit
EPS Rs. 9.04
2014/15
1st qtr 1.2 bln
2nd qtr 1.1 bln
3rd qtr 610 mln
4th qtr (1.1bln) loss
Total Year 1.9bln profit
EPS Rs. 3.50
2015/16
1st qtr 169mln
2nd qtr (373) mln loss
3rd qtr 882mln
4th qtr 1,6bln
Total Year 2.2bln profit
EPS Rs. 4.21 better than last year
2015/16
1st qtr forcast 2.3bln profit
Forcasted EPS Rs.4/-
Profitabilty of LIOC depends mainly on the selling price of petrol/Diesel, Excise duty/ customs duty on petrol and diesel and crude oilprice in the market, exchange rate etc.
Nov/Dec 2014 excise/customs duty on petrol and diesel were increased by Rs. 23/- and 7/- respectively. In addition petrol and diesel prices were reduced by Rs. 7/-. This happened just before the Presidential election.
During this period while there was a reduction of abou Rs. 15/- in crude oil prices, loss suffered due to price reduction and increased excise/cust duty was more. In addition after the election in Jan'15 again the petrol and diesel prices were reduced by Rs. 33/- and 16/-. This was a massive blow to the Petrolium corporation and the LIOC and due to this unacceptable actions of the govt. both institutions made huge losses. LIOC loss was Rs. 1.1 bln in the 4th qtr.
Thereafter the crude oil prices were coming down and the situation changed from 3rd qtr of 2015/16 onwards as given above. I don't think what happened in end 2014 and beginning of 2015 will happen again.
Hence there is no point looking at graphs which are affected by the wrong perceptions of market players. Look at the facts and figures what I have given. If someone can say with facts and figures that this is not a good share we can look at it. This is why I said earlier we should know the subject well before commenting.
Just because one does not like the share we cannot say the accounts are manupilated. LIOC share price touched Rs. 60/- before the above exercises by the Govts. All those were done eying on elections. I don't think this will happen again and LIOC should do much better now.
This is the last chance of buying LIOC at a very low price
