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Cairn India reports 40.31% rise in Q1 consolidated net profit

23 Jul 2012 Evaluate

Cairn India has reported results for first quarter ended June 30, 2012.

On standalone basis, the company has reported a net loss of Rs 33.88 crore for the quarter ended June 30, 2012, against net loss of Rs 16.31 crore for the corresponding period last fiscal. Total income decreased by 17.28% at Rs 23.03 crore during the quarter under review from Rs 27.84 crore in the year-ago period.

On consolidated basis, the company has posted a rise of 40.31% in its net profit at Rs 3825.74 crore for the quarter ended June 30, 2012 as compared to Rs 2726.56 crore for the same quarter in the previous year. Total income also has increased by 43.36% at Rs 5402.75 crore for quarter under review as compared to Rs 3768.51 crore for the quarter ended June 30, 2011.

Cairn India is one of the biggest private sector exploration and production companies in India. It has employee strength of 650 people. The company has two processing plants, 11 platforms, 200 km of sub-sea pipelines and operations spreading across the Indian sub-continent.

Peers
Company Name CMP
ONGC 287.75
Oil India 472.15
Jindal Drilling&Inds 532.80
Deep Industries 473.95
Asian Energy Service 319.00
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