Cairn India  disclosed a steep drop in consolidated net profit for the quarter ended June 2016.  During the quarter, the profit of the company declined 28.27% to Rs 3,595.50 million from Rs 5,012.70 million  in the same quarter previous year.

Revenues for the quarter declined 28.24% to Rs 18,851.10 million, compared with Rs 26,271.00 million for the prior year period.

Operating margin for the quarter stood at 42.10 percent  as compared to 51.49 percent for the previous year period.  Operating Income for the quarter was Rs 7,936.70 million, compared with Rs 13527.3 million in the previous year period.

Earnings per share for the quarter stood at Rs 1.92, registering 28.09% decline over previous year period.