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Cairn India reports 17% rise in Q4 consolidated net profit

23 Apr 2013 Evaluate

Cairn India has reported results for fourth quarter ended March 31, 2013.

The company has reported a net profit of Rs 1554.57 crore for the quarter ended March 31, 2013 as compared to a net loss of Rs 3.52 crore for the same quarter in the previous year. Total income has increased 52.58-fold at Rs 2517.98 crore for quarter under review as compared Rs 47.89 crore for the quarter ended March 31, 2012. 

On the consolidated basis, the company has reported a rise of 17.26% in its net profit at Rs 2563.60 crore for the quarter ended March 31, 2013 as compared to Rs 2186.23 crore for the same quarter in the previous year. Total income of the company has increased by 29.94% at Rs 4582.52 crore for quarter under review as compared to Rs 3526.66 crore for the quarter ended March 31, 2012.

For the year ended March 31, 2013, the company has reported 335.46-fold jump in its net profit at Rs 14746.77 crore as compared to Rs 43.96 crore for the same period in the previous year. Total income has increased 43.27-fold  at Rs 10100.65 crore for year under review as compared to Rs 233.45 crore for the period ended March 31, 2012.

For the year ended March 31, 2013, on the consolidated basis, the company has posted a rise of 51.87% in its net profit at Rs 12056.39 crore as compared to Rs  7937.74 crore for the same period in the previous year. Total income increased by 45.02% at Rs 18560.39 crore for year under review as compared to Rs 12798.66 crore for the period ended March 31, 2012.

The Company has posted a net profit for the period after giving impact of scheme of arrangement.

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