Oil and gas exploration company Cairn India on Friday said it posted a standalone net profit of Rs.347.18 crore for the quarter ending March 31, 2016, against a net loss of Rs.1,044.13 crore in the corresponding quarter of last year.
According to the audited financial results posted on the Bombay Stock Exchange (BSE), Cairn India earned a total income of Rs.1,466.76 crore in the quarter under review compared to Rs.1,665.74 crore posted in Q4 2014-15.
On a consolidated basis, the company's net loss rose to Rs.10,948.22 crore in Q4 2015-16 from Rs.240.82 crore in the year ago quarter.
Cairn India's standalone net profit for the year ending March 31, 2016 declined to Rs.853.53 crore from Rs.1,320.03 crore clocked in 2014-15.
On a consolidated basis, the company suffered an annual net loss of Rs.9,431.88 crore in 2015-16 against a net profit of Rs.4,479.6 crore in the last fiscal.
--IANS
sth/vd
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app