Cairn India 1Q Net Profit INR2.81 Bln Vs INR454.4 Mln

27th Jul 2010 12:00

MUMBAI (Dow Jones)--Cairn India Ltd. (532792.BY) Tuesday said its fiscal first-quarter net profit rose more than six times from a year earlier, helped by crude production at its west India field. Net profit for the three months ended June 30 surged to INR2.81 billion from INR454.4 million a year earlier, but was below analysts' expectations. Revenue during the quarter rose to INR8.41 billion from INR2.05 billion, Cairn India said in a filing with the Bombay Stock Exchange. Sixteen analysts polled by Dow Jones Newswires, on average, expected Cairn India to post a net profit of INR4.5 billion. -By Eric Yep, Dow Jones Newswires, 91-22-6145-6110; [email protected] (END) Dow Jones Newswires July 27, 2010 07:00 ET (11:00 GMT)