Vedanta group-promoted oil and gas producer Cairn India said its consolidated net profit grew by
40.32% year-on-year to Rs 3,826 crore in the first quarter of FY13 led by huge
forex gain during the quarter.
Consolidated net forex gain stood at Rs 866 crore in the
quarter ended June 2012 as against just Rs 3 crore in a year ago period. Other
income too went up at Rs 96.4 crore from Rs 52.8 crore.
Consolidated income from operations increased 19.6% to Rs
4,440 crore from Rs 3,712.7 crore during the same period.
EBITDA rose by 9% YoY to Rs 3,457 crore in the first
quarter, but consolidated EBITDA margin declined at 77.9% in the April-June
quarter of 2012 as against 85% in the corresponding quarter of last fiscal.
Cess increased to Rs 694.6 crore from Rs 294 crore
year-on-year.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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