Cairn India Q3 net zooms

On back of record increase in output, Cairn India Ltd (CIL) on Thursday reported a seven-fold jump in net profit for the third quarter Net profit climbed to Rs 2,010 crore in October-December from Rs 291 crore a year earlier.

On back of record increase in output, Cairn India Ltd (CIL) on Thursday reported a seven-fold jump in net profit for the third quarter Net profit climbed to Rs 2,010 crore in October-December from Rs 291 crore a year earlier.

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Income from operations jumped to Rs 3,096 crore from Rs 496 crore.

Cairn said it produced an average of 124,861 barrels per of oil from its mainstay Rajasthan block in the quarter.The company realised an average of $75.9 per barrel price for the oil as compared to $ 70.7 a barrel in Q3 of 2009-10.