Cairn India Ltd and its subsidiaries (consolidated) clocked a 12-fold increase in net profit for the third quarter ended September 30. The net profit stood at Rs 293.32 crore for the quarter (Rs 23.24 crore in same quarter last fiscal). Cairn India’s other income for the quarter under review was Rs 205.54 crore (Rs 34.30 crore), which included income from investments and gains from foreign exchange fluctuations. The consolidated results include the company’s standalone performance. The standalone profit of Cairn India stood at Rs 81.44 crore (net loss of Rs 8.39 crore). The average oil price realisation in the quarter was $116.3 a barrel ($77.2 a barrel). The gas price realisation in the quarter was at par with the corresponding quarter last year ($ 4.1 a million standard cubic feet). The company’s shares moved up by 7.44 per cent to close at Rs 116.55 at BSE on Wednesday. Cairn follows a January-December accounting period. Its consolidated revenue stood at Rs 320.6 crore (Rs 265.81 cr...
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