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Cairn India reports 11% fall in Q4 net

21 Apr 2012 Evaluate

Cairn India has reported an 11% fall in its net profit at Rs 2,186 crore for the fourth quarter ended March 31, 2012 as against Rs 2,458 crore in the same quarter a year ago. The net profit decrease may be partly attributed to the forex loss of Rs 217 crore incurred during the quarter. It was Rs 38 crore in the same period a year ago.

However, total income increased marginally to Rs 3,743.6 crore from Rs 3,692.8 crore in March 2011, up by 1.38%.

The oil major produced better numbers in FY12. Net profit for the financial year ended March 2012 increased 25% to Rs 7,937.7 crore from Rs 6,334.4 crore in the financial year ended March 2011. Total income also increased 23% to Rs 12,798.6 crore as against Rs 10,406.7 crore in March 2011.

Peers
Company Name CMP
ONGC 286.20
Oil India 473.85
Jindal Drilling&Inds 541.55
Deep Industries 488.30
Asian Energy Service 313.05
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