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Cairn India reports 70% decline in Q2 consolidated net profit

23 Oct 2015 Evaluate

Cairn India has reported results for second quarter ended September 30, 2015.

The company has reported 83.35% fall in its net profit at Rs 193.99 crore for the quarter ended September 30, 2015 as compared to Rs 1165.01 crore for the same quarter in the previous year. The company’s total income has decreased by 43.88% to Rs 1350.16 crore for the quarter under review from Rs 2405.82 crore for the corresponding quarter of the previous year. 

On the consolidated basis, the company has reported 70.47% decline in its net profit after taxes, minority interest of Rs 672.67 crore for the quarter ended September 30, 2015 as compared to Rs 2277.88 crore for the same quarter in the previous year. Total income of the company has decreased by 39.95% at Rs 2743.28 crore for quarter under review as compared to Rs 4568.33 crore for the quarter ended September 30, 2014. 

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