Cairn India - Q2 FY13 Results First Cut - Microsec

Cairn India Ltd. announced its Q2 earnings on October 22,2012.

The company reported a net revenue of INR4443.14cr and net profit of INR2322.18 cr which shows a staggering growth on YoY basis. However on QoQ basis the performance remained lackluster which reflected on the company's quarterly margins.

859522 additional equity shares were issued during the current quarter on exercise of stock options by the employees of the Cairn India group.

We are bullish on the stock for the long-term investment horizon on the back of increased production from its Rajasthan block which will boost the company's profitability.

Source : Equity Bulls

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