HindustanTimes Sun,31 Aug 2014

Cairn India back in black

HT Correspondent, Hindustan Times  New Delhi, January 21, 2013
First Published: 23:42 IST(21/1/2013) | Last Updated: 23:43 IST(21/1/2013)

Beating market expectations and led by foreign exchange gains of Rs. 236 crore, Cairn India’s consolidated net profit rose by 44% to Rs. 3,345 crore in the third quarter of the current fiscal ending December.


The company had recorded Rs. 786 crore loss in the corresponding quarter of 2011-12.

However, the company’s income from operations declined 4% to Rs. 4,278 crore as it paid royalty for operating its Rajasthan oil blocks in Cairn India has a 70% participating interest along with ONGC’s 30% stake.

Shares closed the day at Rs. 340.30, up 0.95% before earnings announcement.

more from Business

Airlines claim some airports charging for landing small planes

Some Indian airlines have claimed that they had to pay landing charges for small aircraft at several airports where rules do not permit such payments and urged the government to look into the matter and help them improve connectivity to non-metro cities.
Most Popular
Copyright © 2014 HT Media Limited. All Rights Reserved