Cairn India reports stellar number in Q3

10 Feb 2017 Evaluate

Cairn India has reported results for third quarter ended December 31, 2016. 

The company has reported around four-fold jump in its net profit at Rs 384.42 crore for the quarter under review as compared to Rs 106.68 crore for the same quarter in the previous year. Total income of the company increased by 6.22% at Rs 1457.19 crore for the quarter under review as compared Rs 1371.80 crore for the corresponding quarter previous year.  

On the consolidated basis, the company has reported around 15-fold jump in its net profit after taxes and non-controlling interest at Rs 603.73 crore for the quarter ended December 31, 2016, as compared to Rs 40.90 crore for the same quarter in the previous year. Total income of the company increased by 8.74% at Rs 2594.41 crore for the quarter under review as compared Rs 2385.95 crore for the corresponding quarter previous year.

Peers
Company Name CMP
ONGC 139.25
Oil India 190.40
Jindal Drilling&Inds 213.45
Asian Energy Service 76.00
Hind Oil Exploration 169.75
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