Cairn Q1FY11 Results

Research report by 'Ventura Securities Ltd'
     
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Cairn India (Cairn), posted a 310% rise in its Q1FY11Net Sales to Rs 840.6 crore against Q1FY10 Net Sales of Rs 205.0 crore. Ramp up in volumes and better realizations both from crude oil and gas triggered a sharp rise in the topline. With oil price realizations of $ 72 / bbl ($60.2/ bbl Q1FY10) and gas price realization of $ 4.6/mscf ($ 4.0/ mscf) in current quarter, EBITDA rose by 466.7% to Rs 573.8 crore. Net profit for Q1FY11 grew by 519.3% to Rs 281.4 crore.


   
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