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Cairn India declines on reporting 65% fall in Q1 consolidated net profit

24 Jul 2014 Evaluate

Cairn India is currently trading at Rs. 326.80, down by 18.90 points or 5.47% from its previous closing of Rs. 345.70 on the BSE.

The scrip opened at Rs. 338.00 and has touched a high and low of Rs. 338.00 and Rs. 326.00 respectively. So far 649629 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 385.00 on 11-Jun-2014 and a 52 week low of Rs. 286.85 on 01-Aug-2013.

Last one week high and low of the scrip stood at Rs. 349.90 and Rs. 326.00 respectively. The current market cap of the company is Rs. 61286.23 crore.

The promoters holding in the company stood at 59.90% while Institutions and Non-Institutions held 26.63% and 13.47% respectively.

Cairn India’s net profit has declined 67.63% at Rs 643.81 crore as compared to Rs 1989.12 crore for the quarter ended June 30, 2013. Its total income has decreased by 4.64% to Rs 2764.82 crore for the quarter under review from Rs 2899.55 crore for the corresponding quarter of the previous year.

On the consolidated basis, the Group has reported 65.05% fall in its net profit after taxes & Minority interest at Rs 1092.90 crore for the quarter as compared to Rs 3127.23 crore for the same quarter in the previous year. However, total income of the Group has increased by 2.67% at Rs 5000.10 crore for quarter under review as compared to Rs 4870.03 crore for the quarter ended June 30, 2013.

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