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Cairn India Q3 PAT seen up 34% at Rs 3035.1 cr: P Lilladher


Prabhudas Lilladher has come out with its earnings estimates on Cairn India for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 37.2% at Rs 4249.6 crore, Year-On-Year (YoY) basis.Prabhudas Lilladher has come out with its earnings estimates on Cairn India  for December quarter FY13. According to the research firm, the company's Q3FY13 sales are likely to go up by 37.2% at Rs 4249.6 crore, Year-On-Year (YoY) basis.The company's net profit is seen up 34.2% at Rs 3035.1 crore, YoY.According to the research firm, cairn's revenues are likely to decline QoQ on account of 20% profit sharing kicking in for development area 2 (Bhagyam). EBITDA is expected to decline by Rs 220cr QoQ, on the back of flat production as well as realization in Q2FY13. Depreciation of the rupee by ~3.5% QoQ will result in a MTM gain for Cairn during the quarter.Source:Moneycontrol

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