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Friday, July 26, 2013

Cairn India: Profit After Tax at Rs 3,127 crore, 22% higher

* Profit After Tax at Rs 3,127 crore, 22% higher than the previous quarter

 * Achieved highest ever gross operated production of 212,442 barrels of oil equivalent per day (boepd)

o   5% increase quarter on quarter

o   Record average daily production of 173,517 boepd for Rajasthan block during the quarter

·  Discovered 26th field on resumption of exploration in Rajasthan block, further strengthening the future growth

·   All producing assets contribute to Gas sales for the first time during the full quarter

·  Gross contribution of over Rs 5,300 crore (over US$ 950 million) to the national exchequer

 ·   Revenue* and EBITDA at Rs 4,063 crore (US$ 728 million) and ` 2,910 crore (US$ 522 million) respectively

· Cash flow from operations at Rs 2,438 crore (US$ 437 million)

·  Under the Rajasthan block Production Sharing Contract (PSC), the profit petroleum pay-out to the government rose from 20% to 30% in the Development Area 1 (DA1) and the Company paid an additional Rs 326 crore*

For Media Contact
 D.G.JAISHANKAR
ADFACTORS PR Chennai
94440 - 36340

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