Cairn India Q4 net dips 11% at Rs 2,186 cr

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Cairn India Q4 net dips 11% at Rs 2,186 cr
Cairn India reported the decline of 11 per cent in its net profits for the fourth quarter ended March 2012 at Rs 2,186 crore.

The company had posted the net profit of Rs 2,458 crore during the same period a year ago, said the company in its filing to the Bombay Stock Exchange on April 20, 2012.

The March quarter profit numbers were partially affected by the forex loss of Rs 217 crore which stood at just Rs 38 crore during the same quarter a year earlier. Total income, during the quarter, increased marginally to Rs 3,743.6 crore from Rs 3,692.8 crore during the year ago period.

However, the earnings for the entire fiscal were in better shape. Company's net profits for 2011-12 rose 25 per cent to Rs 7,937.7 crore from Rs 6,334.4 crore in the previous fiscal.

Total income for the fiscal 2011-12 also increased 23 per cent to Rs 12,798.6 crore as against Rs 10,406.7 crore during the 2010-11.

Shares of the company closed at Rs 346.80 a piece, down 1.08 per cent from previous close on BSE.

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