Cairn India disclosed a substantial drop in consolidated net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 65.05% to Rs 10,929.00 million from Rs 31,272.30 million in the same quarter previous year.
Net sales for the quarter rose 10.34% to Rs 44,828.50 million, compared with Rs 40,629 million for the prior year period.
Earnings per share for the quarter stood at Rs 14.35, registering 12.29% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 44,828.50 | 40,629.30 | 10.34 |
| Net Profit | 10,929.00 | 31,272.30 | (65.05) |
| Basic EPS | 14.35 | 16.36 | (12.29) |
Shares of the company declined Rs 18.7, or 5.41%, to trade at Rs 327.00. The total volume of shares traded was 609,431 at the BSE (11.56 a.m., Thursday).
