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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.
Angel Broking has come with its December quarterly earning estimates for Oil and Gas sector. According to the research firm, during 3QFY2012, Brent crude oil price decreased by 3.2% qoq on the expectation of increased supply and weaker macro-economic environment.
Motilal Oswal has come with its December quarterly earning estimates for Oil and Gas sector. According to the research firm, for Q3FY12, under-recoveries are expected to increase 56% QoQ to INR336b, led by high oil prices, increased international diesel prices and rupee depreciation.
Oil and Natural Gas Corporation (ONGC) posted a net profit of Rs 8642.23 crore for the quarter ended September 30, 2011. In an interview to CNBC-TV18, Sudhir Vasudeva, chairman of ONGC says, he sees the subsidy burden rising in Q3 and Q4.
Motilal Oswal has come out with its earning estimates on Oil & Gas sector for the quarter ended September 2011. According to the research firm, Cairn India Sept quarter net sales are expected to go up by 31.5% at Rs 3533.1 crore, year-on-year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on Oil & Gas sector for the quarter ended September 2011. According to the research firm, Cairn India September quarter net sales are expected to go up by 25.9% at Rs 3381.3 crore, year-on-year, (YoY) basis.
Cairn India is likely to post a jump of nearly 10% in its first quarter FY12 profit after tax to Rs 2,700 crore against Rs 2,457.8 crore in the previous quarter.
Cairn India is set to announce its fourth quarter results. According to CNBC-TV18's estiamtes, the company’s net sales are seen at Rs 3600 crore versus Rs 692.8 crore, year-on-year.
The overarching issue for Cairn is the finality on its stake sale to Vedanta. The energy major's board has also decided that it is not going to accept the government's pre-conditions and that the delay in getting approvals is hurting Cairn.
Angel Broking has come out with its earning estimates on the oil & gas sector for the quarter ended December 2010. According to the research firm, Cairn India December quarter net sales are expected to go up by 509.3% to Rs 3,019 crore, Year-on-Year, (Y-o-Y) basis.
This month all the companies will declare their results for the quarter ending December 31, 2010. Tarun Sisodia, Anand Rathi Financial Services expects about 17-18% growth in the Nifty companies on the top-line as well as on the bottom-line.