According to CNBC-TV18 estimates, it was seen to post a jump of nearly 10% (QoQ) in its first quarter FY12 profit after tax to Rs 2,700 crore against Rs 2,457.8 crore in the previous quarter.
Sales are seen going up 9.7% (QoQ) to Rs 4,010 crore from Rs 3,654.5 crore quarter-on-quarter. On year-on-year basis, it was seen to report growth of 3.8 times in sales and 8.6 times jump in PAT.
Rahul Dhir, MD and CEO of the company said, “Cairn India's focus on safe and efficient operations ensured delivery of more than 50 million barrels of crude oil to Indian refineries. The Mangala reservoir continues to perform as per expectations and production has been maintained at 125,000 barrels of oil per day. “
Quick snapshot of the quarter results
Revenue of INR 37,127 million (USD 830 million), up 342% YoY
Profit after Tax (PAT) of INR 27,266 million (USD 610 million), up 869% YoY
Cash Flow from Operations of INR 25,755 million (USD 576 million), up 423% YoY
Net cash of INR 45,869 million (USD 1,025 million) as on 30 June, 2011
Gross cumulative Rajasthan development capital expenditure at USD 3,115 million as on 30 June, 2011, of which USD 120 million was spent during the quarter
Average Daily Sales (Working Interest) at 99,200 barrels of oil equivalent (boe) Average Daily Gross operated production at 171,801 boe (Working Interest production at 99,640 boe), contributing more than 20% of India’s current domestic crude production.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP consultants Pvt Ltd
No comments:
Post a Comment