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Cairn India reports 28% fall in Q1 consolidated net profit

22 Jul 2016 Evaluate

Cairn India has reported results for first quarter ended June 30, 2016.

The company has reported a 29.66% fall in its net profit at Rs 254.69 crore for the quarter ended June 30, 2016 as compared to Rs 362.07 crore for the same quarter in the previous year. The company’s total income decreased by 23.08% to Rs 1271.88 crore for the quarter under review from Rs 1653.50 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 28.27% fall in its net profit after taxes, minority interest and share of profit of associates and Joint Ventures at Rs 359.55 crore for the quarter ended June 30, 2016 as compared to Rs 501.27 crore for the same quarter in the previous year .Total Income of the company decreased by 21.57% to Rs 2288.71 crore for the quarter under review from Rs 2918.26 crore for the same quarter ended June 30, 2015.

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