Cairn India’s Q1FY14 results.

Cairn India’s Q1FY14 results.

 Below are the  highlights:

Q1 FY2013-14 Result Highlights

*Profit After Tax at Rs 3,127 crore, 22% higher than the previous quarter

·         Achieved highest ever gross operated production of 212,442 barrels of oil equivalent per day (boepd)

o   A 5% increase quarter on quarter

o   Record average daily production of 173,517 boepd for Rajasthan block during the quarter

·         Discovered 26th field on resumption of exploration in Rajasthan block, further strengthening the future growth

·         All producing assets contribute to Gas sales for the first time during the full quarter

·         Gross contribution of over Rs 5,300 crore (over US$ 950 million) to the national exchequer

·         Revenue* and EBITDA at Rs 4,063 crore (US$ 728 million) and ` 2,910 crore (US$ 522 million) respectively

·         Cash flow from operations at Rs 2,438 crore (US$ 437 million)

·         Under the Rajasthan block Production Sharing Contract (PSC), the profit petroleum pay-out to the government rose from 20% to 30% in the Development Area 1 (DA1) and the Company paid an additional Rs 326 crore*