On the back of record oil and gas production and high oil prices, Cairn India on October 22 reported a 46 per cent jump in its September quarter profit.
The company’s net profit in July-September at Rs 3,385.08 crore, or Rs 17.72 per share, was 46 per cent higher than Rs 2,322.18 crore, or Rs 12.17 a share, in the same period a year ago.
Cairn India said this in Delhi in a statement.
The profits were up as Cairn India produced a record 213,229 barrels of oil and oil equivalent gas from its three primary oil and gas fields – Rajasthan, Ravva off the east coast and Cambay off the west coast.
Cairn India had produced 207,245 barrels in July-September 2012 and 212,442 barrels in April-June quarter of current fiscal.
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