Cairn India Q3 net profit dips 22% to Rs 603 cr on forex loss

Moneycontrol BureauCairn India has registered 22.5 percent decline in its net profit at Rs 603.7 crore for the quarter ended December 2016, on the back of forex loss.The company had posted a net profit of Rs 779 crore in the quarter ended September 2016.The company has reported forex loss at Rs 79 crore versus gain of Rs 64.4 crore.The company's total income was up 5.4 percent at Rs 2,149.3 crore against Rs 2038.6 crore, Q-o-Q.The operating profit (EBIDTA) of the company rose 4.3 percent at Rs 1083.7 crore, while operating margin was at 50.4 percent.Shares of Cairn India ended at Rs 274.80, down Re 1, or 0.36 percent on the BSE.