Cairn India Q3 net profit up 12% at Rs 2,261 cr

Cairn India Q3 net profit up 12% at Rs 2,261 cr
Cairn India, now a part of the Vedanta Group, a globally diversified natural resources group, said it witnessed a growth of 12.53 per cent in consolidated net profits for the third quarter ended December 31, 2011 at Rs 2,261.93 crore.

Looking forward, Rahul Dhir, Managing Director and Chief Executive Officer, Cairn India said, “This success demonstrates Cairn India's strong skill set, which we will continue to leverage for future opportunities.

With the new board now in place, Cairn India remains well poised for the next phase of growth."

The company had posted the net profit of Rs 2,010.12 crore during the same period a year ago, said Cairn India in its filing to the Bombay Stock Exchange on January 24, 2012.

Besides, the total income of the company increased by 20.39 per cent to Rs 3,510.58 crore during Q3 FY12, as compared to Rs 3,130.6 crore during Q3 FY11.

Meanwhile, shares of the company on Tuesday closed at Rs 351.75 a piece, up 1.93 per cent from previous close on BSE.

Dion Global Solutions Ltd

Read more about: cairn india, bse, revenue, results
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