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Cairn India shines despite reporting 70% decline in Q2 consolidated net profit

23 Oct 2015 Evaluate

Cairn India is currently trading at Rs. 159.40, up by 5.35 points or 3.47% from its previous closing of Rs. 154.05 on the BSE.

The scrip opened at Rs. 153.95 and has touched a high and low of Rs. 160.30 and Rs. 152.55 respectively. So far 158764 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 292.00 on 27-Oct-2014 and a 52 week low of Rs. 121.25 on 24-Aug-2015.

Last one week high and low of the scrip stood at Rs. 162.00 and Rs. 151.70 respectively. The current market cap of the company is Rs. 29847.66 crore.

The promoters holding in the company stood at 59.88% while Institutions and Non-Institutions held 23.43% and 16.69% respectively.

Cairn India has reported 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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