Cairn India's June quarter bottomline will be boosted by weak rupee and lower oil price as it prices its products in dollar terms. It is als o expected to report significant jump in production from its Rajasthan fields.
Cairn India's consolidated net profit rose by 44 percent quarter-on-quarter, beating analysts' expectations, to Rs 3,345 crore in the third quarter of financial year 2012-13.
Pharma company Strides Arcolab's consolidated net profit for the fourth quarter jumped to Rs 68.4 crore from Rs 2.3 crore a year ago, helped by strong sales growth and exceptional foreign exchange gains.
Mahindra Satyam posted consolidated net profit at Rs 308 crore versus Rs 238 crore last year. Speaking to CNBC-TV18, Vineet Nayyar, chairman; CP Gurnani, the CEO and Vasant Krishnan, the CFO of Mahindra say that the company is now crossing over from the restructuring phase on to a growth phase.
MindTree has announced its second quarter results. The company's Q2 consolidated net profit was up at Rs 54.5 crore versus Rs 34.5 crore, quarter-on-quarter, QoQ.