Cairn India’s Q3 profit drops 53.2% on falling oil prices
Net profit fell to Rs1,349.64 crore, missing analysts' projections by a wide margin
Mumbai: Cairn India Ltd, India’s biggest private onshore crude oil producer, posted a 53.2% drop in profit for the third quarter of the current fiscal year as falling crude oil prices took a toll on the company’s profits.
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more