Cairn India reports 65% fall in Q1 consolidated net profit

Cairn India has reported results for first quarter ended June 30, 2014.

The company’s net profit has declined 67.63% at Rs 643.81 crore as compared to Rs 1989.12 crore for the quarter ended June 30, 2013. Its total income has decreased by 4.64% to Rs 2764.82 crore for the quarter under review from Rs 2899.55 crore for the corresponding quarter of the previous year.

On the consolidated basis, the Group has reported 65.05% fall in its net profit after taxes & Minority interest at Rs 1092.90 crore for the quarter as compared to Rs 3127.23 crore for the same quarter in the previous year. However, total income of the Group has increased by 2.67% at Rs 5000.10 crore for quarter under review as compared to Rs 4870.03 crore for the quarter ended June 30, 2013.