Cairn India Q3FY13 -First Cut.
Rajesh Desai
Dear Sir/Madam,
Cairn India ltd. announced its Q3 results on January 21, 2013.
Cairn India Ltd. reported a total income of INR 4277.61 cr which is up by staggering ~38% on YoY basis while its net profit stood at INR3156.11cr which is up by healthy ~40% on yearly basis. In this quarter cash flow from operations came at INR2694.9cr (US$499mn) which is up by 26% on YoY basis.
A snapshot of the company’s quarterly performances on a consolidated basis are as follows:
|
Description |
Q3'13 |
Q2'13 |
Q2'12 |
QoQ(%) |
YoY(%) |
|
Total Income |
4277.61 |
4443.14 |
3096.76 |
-3.73% |
38% |
|
Total Expenditure |
1019.13 |
1803.60 |
727.52 |
|
|
|
PBIDT(ExclOI) |
3258.48 |
2639.54 |
2369.24 |
23.45% |
38% |
|
EBITDA margins |
76.18% |
59.41% |
76.51% |
1677bps |
(33)bps |
|
Other Income |
181.85 |
222.62 |
413.82 |
|
|
|
Operating Profit |
3440.33 |
2862.16 |
2783.06 |
|
|
|
Interest |
5.22 |
18.81 |
24.01 |
|
|
|
Exceptional Items |
235.71 |
0.00 |
0.00 |
|
|
|
PBDT |
3670.82 |
2843.35 |
2759.05 |
|
|
|
Depreciation |
482.40 |
451.52 |
378.72 |
|
|
|
PBT |
3188.42 |
2391.83 |
2380.33 |
|
|
|
Tax |
32.31 |
69.65 |
118.40 |
|
|
|
Profit After Tax |
3156.11 |
2322.18 |
2261.93 |
36% |
39.53% |
|
PAT margins |
73.78% |
52.26% |
73.04% |
2152bps |
74bps |
|
Minority Interest |
|
|
|
|
|
|
Share of Associates |
|
|
|
|
|
|
Consolidated Net Profit |
3156.11 |
2322.18 |
2261.93 |
|
|
|
Equity Capital |
1909.92 |
1908.73 |
1902.97 |
|
|
|
Face Value(InRs) |
10.00 |
10.00 |
10.00 |
|
|
|
EPS |
16.52 |
12.17 |
11.89 |
35.78% |
38.98% |
|
Figures in INR Crore.EPS represents Basic EPS | |||||
*Average daily gross operated production at 205014 boe (working interest 128058boe).
*Gross Rajasthan development capex till date was US$3.7bn.
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
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--
CA. Rajesh Desai