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Author Topic: Cairn Ind - research report  (Read 1067 times)

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manishds

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Cairn Ind - research report
« on: May 29, 2010, 02:05:56 AM »
Cairn reported revenues of Rs6.9bn for 4QFY10—up almost fourfold YoY, but significantly below our estimate. PAT, at Rs2.5bn, would have been higher, but for higher exploration cost charge-offs of Rs1.2bn during the quarter. • Mangala gross production in 4QFY10 was 17.5kbpd, up only 2kbpd over 3QFY10. • With commissioning of the second train (50kbpd) in May 2010, production has been ramped up to 60kbpd...

To read full research report you can refer to:
http://www.dsij.in/productattachment/BrokerRecommendation/Cairn%20Ind.pdf

Source: dalal street Investment journal
www.dsij.in

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