Cairn India net profit down 99.3% to ₹8.69 cr
Cairn India on Friday reported a net profit of ₹8.69 crore for the third quarter ended December, registering a year-on-year decrease of 99.3% from ₹1,349 crore during the corresponding period last fiscal. The revenue also dipped 42% to ₹2,039 crore during the period under review. The losses have been attributed to the fall in crude prices and increase in taxes.