Cairn India - Q1FY13 Resut First-Cut - Microsec Research

Cairn India Ltd. announced its Q1'13 results result on July 23,2012.

The company's Q1 topline grows at ~20%YoY and stood at INR4440.03 cr while its PAT stood at INR3825.74 cr which is up both on QoQ and YoY basis. Both EBITDA and PAT margins improved on QoQ basis. Q1'13 EPS grow at a staggering rate of ~75% on QoQ basis.

Cairn India is planning to raise its output by ~70% from its current production level from the prolific Rajasthan block(subject to regulatory approval) makes the company valuationwise attractive from the investment perspective.

Source : Equity Bulls

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