 "Cairn India's net profit rises to Rs 604 crore in Dec quarter")
Cairn India Ltd on Thursday reported a consolidated net profit of Rs 604 crore, substantially higher on year on year basis owing to lower depreciation charges seen in the reported quarter.
For the October-December 2016 quarter, the company reported a net profit of Rs 604 crore, multiple times higher from the Rs 40.90 crore net profit reported in the same period a year back.
Net revenue in the same period rose 5% year-on-year to Rs 2,149 crore from Rs 2,039 crore. “Net profit after tax was 22% lower quarter-on-quarter (QoQ) at Rs 604 crore due to forex loss and higher
