Mumbai: Cairn India, the Indian subsidiary of Scottish firm Cairn Energy Plc announced a consolidated net profit of Rs116.43 crore for the quarter ended March 2008, registering over three fold growth from the corresponding period a year ago.
The company had a consolidated net profit of Rs37.56 crore for the quarter ended March 2007, the company said in a filing to the Bombay Stock Exchange.
The consolidated total income increased to Rs337.59 crore for the recently concluded quarter from Rs272.55 crore in the year-ago period.
However, on a standalone basis the company posted a net loss of Rs8.73 crore for the quarter ended March 2008, as compared to net loss of Rs8.54 crore in the previous year.
Total Income of the company dipped to Rs7.08 crore from Rs12.60 crore for the quarter under review in the previous year.
Shares of the company were trading at Rs263.35, up 1.72% on BSE in morning trade.