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Cairn India reports 14% fall in Q3 consolidated net profit

23 Jan 2014 Evaluate

Cairn India has reported results for third quarter ended December 31, 2013.

The company has reported 88.88% fall in its net profit at Rs 1473.39 crore for the quarter as compared to Rs 13251.12 crore for the same quarter in the previous year. However, total income of the company has increased by 6.88% at Rs 2705.40 crore for quarter under review as compared to Rs 2531.24 crore for the quarter ended December 31, 2012.

On the consolidated basis, the group has reported 13.77% fall in its net profit at Rs 2884.04 crore for the quarter ended December 31, 2013 as compared to Rs 3344.89 crore for the same quarter in the previous year. However, total income of the company has increased by 6.73% at Rs 5011.28 crore for quarter under review as compared to Rs 4695.17 crore for the quarter ended December 31, 2012.

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