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Cairn India reports 24% fall in Q1 consolidated net profit

22 Jul 2015 Evaluate

Cairn India has reported results for first quarter ended June 30, 2015.

The company has reported 49.95% fall in its net profit at Rs 322.20 crore for the quarter ended June 30, 2015 as compared to Rs 643.81 crore for the same quarter in the previous year. The company’s total income has decreased by 41.41% to Rs 1619.86 crore for the quarter under review from Rs 2764.82 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 23.60% fall in its net profit after tax and minority interest at Rs 834.98 crore for the quarter ended June 30, 2015 as compared to Rs 1092.90 crore for the same quarter in the previous year. Total income of the company has decreased by 36.19% at Rs 3190.66 crore for quarter under review as compared to Rs 5000.10 crore for the quarter ended June 30, 2014.

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