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23-07-2012 13:34:00

Cairn India 1Q Net Profit Jumps 40% to INR38.26 Billion

Relateret indhold

By Rakesh Sharma

NEW DELHI--Cairn India Ltd. (532792.BY) Monday reported a 40% rise in its quarterly net profit, beating analyst estimates, helped by higher crude oil output and a foreign-exchange gain.

Net profit for the April-June quarter rose to 38.26 billion rupees ($684 million) from 27.27 billion rupees in the year-earlier period. Sales rose nearly 20% to 44.40 billion rupees from 37.13 billion rupees.

Eleven analysts polled by Dow Jones Newswires expected Cairn to post a net profit of 27.51 billion rupees on sales of 43.15 billion rupees.

The Vedanta group currently holds 58.85% of the company, while U.K.-based Cairn Energy has a 18.28% stake in it.

Write to Rakesh Sharma at rakesh.sharma@dowjones.com

Order free Annual Report for Vedanta Resources Plc

Visit http://djnweurope.ar.wilink.com/?ticker=GB0033277061 or call +44 (0)208 391 6028

Order free Annual Report for Cairn Energy Plc

Visit http://djnweurope.ar.wilink.com/?ticker=GB00B74CDH82 or call +44 (0)208 391 6028

Order free Annual Report for CAIRN INDIA LTD

Visit http://djnweurope.ar.wilink.com/?ticker=INE910H01017 or call +44 (0)208 391 6028

Order free Annual Report for Cairn Energy Plc

Visit http://djnweurope.ar.wilink.com/?ticker=US12776P2002 or call +44 (0)208 391 6028

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

July 23, 2012 07:34 ET (11:34 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

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