India’s biggest privately owned oil producer reported a quarterly consolidated net profit of 6.73 billion rupees ($104 million), down from 22.78 billion rupees a year earlier, as revenue tumbled 44% year on year to 22.42 billion rupees.
However, the profits drop was still less than expected by analysts who gave a consensus forecast of 5.88 billion rupees, according to a Thomson Reuters poll.
Cairn,
