40742 Investors following Cairn India. Share this News with them.
0
Like this story, share it with millions of investors on M3
Cairn Q3 PAT seen up 3.4% at Rs 2080 cr
Cairn India is expected to report a profit after tax of Rs 2,080 crore in the third quarter of FY12, a growth of 3.4% as compared to Rs 2,010.1 crore in a year ago quarter.
Cairn India is expected to report a profit after tax of Rs 2,080 crore in the third quarter of FY12, a growth of 3.4% as compared to Rs 2,010.1 crore in a year ago quarter.
Sales are likely to fall 1.5% to Rs 3,050 crore from Rs 3,096.4 crore during the same period.
Operating profit margin is seen declining at 82.5% in the quarter ended December FY12 versus 83.78% in the corresponding quarter of last fiscal.
Expectations
* Production at Rajasthan seen stable at 125 kbpd (Working interest at 99 kbpd)
* Expect average realization's at Rajasthan to decline by 4-5% QoQ
* Crude was down 3% QoQ in Q3 + Discount to Brent could widen slightly as compared to 10% in Q2
* But rupee depreciation will largely offset decline in realizations
* Forex gain on $ denominated deposits will continue to aid bottomline
* Expect an over Rs 500 crore forex gain in Q3; Q2 saw a forex gain of Rs 530 crore
* Interest costs will also be lower QoQ; Q2 had an exceptional charge of Rs 83 crore
* Bhagyam ramp up will aid sequential performance from here on
