Tuesday, January 22, 2013

CAIRN INDIA LTD - RESULTS - FOR Q3 FY 2012-13 - Q/E DEC,2012 - NET SALES UP 38%; NET PROFITS CONSOLIDATED - UP 48% YoY




CAIRN INDIA LTD


RESULTS FOR Q3 FY 2012-13


Q/E DEC,2012


CAIRN INDIA has declared good results for the third quarter ending Dec,2012.


Oct-Dec 2012 saw Cairn India operating a Gross production of over 200,000 barrels of OIL equivalent per day. CARN says – it has helped to reduce India’s crude oil import dependence by almost $1.7 Billion US dollars and has contributed almost US$ 0.9 billion to national Exchequer.


The current production from Rajasthan Block contributes to over 20% of the national oil production.



Net sales  in Q3 FY 13 stands at Rs.4277.61 Crores ;which is lower by -3.73% from Q2 FY 12 (Rs.4443.14 Cr); but is higher by 38.13% from Q3 FY 12 (Rs.3096.76 Cr). For the 9 m/e Dec,2012, the Net sales is up 60% YoY


EBIDTA at Rs.3258.5 cr is up 38% YoY.


Cash Flow from operations at Rs.26,94.9 cr is up 26% YoY




Employee expense in Q3 FY 13 stands at Rs.15.53 Crores ;which is lower by -56.87% from Q2 FY 12 (Rs.36.01 Cr); and lower by     -43.07% from Q3 FY 12 (Rs.27.28 Cr).



Depreciation   in Q3 FY 13 stands at Rs.482.40 Crores ;which is higher by 6.84% from Q2 FY 12 (Rs.451.52 Cr); but is higher by     27.38% from Q3 FY 12 (Rs.378.72 Cr).



Other expenses in Q3 FY 13 stands at Rs.1002.29 Crores ; which is lower by -43.54% from Q2 FY 12 (Rs.1775.16 Cr); but is higher by   144.35% from Q3 FY 12 (Rs.410.19 Cr).



Total expenses in Q3 FY 13 stands at Rs.1501.53 Crores ; which is lower by -33.42% from Q2 FY 12 (Rs.2255.12 Cr); but is higher by   86.58% from Q3 FY 12 (Rs.804.77 Cr).



Profit from operations in Q3 FY 13 stands at Rs.2776.08 Crores ; which is higher by 26.88% from Q2 FY 12 (Rs.             2188.02 Cr); but is higher by 21.12% from Q3 FY 12 (Rs.2291.99 Cr).



Other income in Q3 FY 13 stands at Rs.417.56   Crores ; which is higher by 87.57% from Q2 FY 12 (Rs.222.62 Cr); but is higher by     271.66% from Q3 FY 12 (Rs.112.35 Cr).



Finance costs  in Q3 FY 13 stands at Rs.5.22 Crores ; which is lower by     -72.25% from Q2 FY 12 (Rs.18.81 Cr); but is lower by -78.26% from Q3 FY 12 (Rs.24.01 Cr).



Profit before tax in Q3 FY 13 stands at Rs.3188.42 Crores ; which is lower by 33.3% from Q2 FY 12 (Rs.2391.83 Cr); but is higher by   33.95% from Q3 FY 12 (Rs.2380.33 Cr).



Tax expense    in Q3 FY 13 stands at Rs.32.31 Crores ; which is lower by   -53.61% from Q2 FY 12 (Rs.69.65 Cr); but is lower by -72.71% from Q3 FY 12 (Rs.118.40 Cr).



Net Profit after tax      in Q3 FY 13 stands at Rs.3156.11 Crores ; which is higher by 35.91% from Q2 FY 12 (Rs.2322.18 Cr); but is higher by 39.53% from Q3 FY 12 (Rs.2261.93 Cr).



Extraordinary items    in Q3 FY 13 stands at Rs.-188.78  Cr.



Net Profit in Q3 FY 13 stands at Rs.3344.89 Crores ; which is high by 44.04 % from Q2 FY 12 (Rs.2322.18 Cr); but is higher by  47.88% from Q3 FY 12 (Rs.2261.93 Cr). For 9 m/e Dec,2012, the PAT is up 80%



NPT-CONSOLIDATED in Q3 FY 13 stands at Rs.3344.89 Crores ; which is HIGHER by  44.04% from Q2 FY 12 (Rs.2322.18 Cr); but is higher by 47.88% from Q3 FY 12 (Rs.2261.93 Cr). For 9 m/e Dec,2012, the NPT-consolidated is higher by 65%.



Face Value of the share is Rs.10; and Paid-up equity 13 stands at Rs.1909.92 Cr.



Basic EPS in Q3 FY 13 stands at Rs.17.52;  compared to Rs.12.17 in Q2 FY 13; and Rs.11.89 in Q3 FY 12. For the 9 m/e Dec,2012, the Basic EPS is Rs.49.7 against Rs.30.2 for same period last year, (Up by 65%).

Diluted EPS in Q3 FY 13 stands at Rs.17.49; compared to Rs.12.15 in Q2 FY 13; and Rs.11.85 in Q3 FY 12.



Looking at the prospects for future, CAIRN appears to be on the roll both in terms of production and profits.



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