Cairn India has reported results for its first quarter ended June 30, 2011.
The company reported a net loss of Rs 16.31 crore as compared to a net loss of Rs 42.77 crore for the same quarter last year. Its total income has increased by 42.48% to Rs 27.84 crore for the quarter under review from Rs 19.54 crore for the corresponding quarter of the previous year.
On consolidated basis, the Group’s net profit has registered a growth of 868.89% at Rs 2726.56 crore for the corresponding quarter previous year as compared to Rs 281.41 crore for the quarter ended June 30, 2010. Its total revenue has jumped by 333.47% to Rs 3765.46 crore for the quarter from Rs 868.67 crore for the similar quarter of the previous year.