Oil explorer Cairn India reported a more than 9-fold jump in quarterly profit to Rs 2,727 crore from Rs 280 crore in the year-ago period. The rise in profit is being attributed to higher output. The company has said it would seek shareholder approval on the conditions set by the Indian government for its deal with Vedanta Resources.
Revenue surged more than four times to Rs 3,713 crore.
Cairn's total Income has increased from Rs 869 crore for same quarter last year to Rs 3,765 crore for the quarter under review.
src-BS & rediff
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