Cairn India - Q1FY14 Result Update - Microsec

Cairn India Limited(CIL) announced its Q1'14 results on July 24, 2013.

Cairn India Limited posted their Q1FY14 results which missed the consensus on the topline & EBITDA front. The company reported a Q1 topline of INR4062.93crores which declined both on QoQ & YoY basis while posted a growth of ~22% on QoQ basis in their bottomline to INR3127.23 crores. Both EBITDA margins and PAT margins are under pressure on yearly basis. Foreign exchange gain helped the company to achieve growth in quarterly PAT numbers.

The average daily gross operated production (boepd) for the Q1FY14 was 212442 against 202014 in Q4FY13 registering a growth of 5% however because of the lower average price realization (US$93.30 per boe vs. US$99.50per boe QoQ) the company reported a de-growth in their topline both on quarterly as well as on yearly basis.

Source : Equity Bulls

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