Cairn India Q3 net profit seen rising 2%; what investors should watch for

NEW DELHI: Cairn India is scheduled to report results for the quarter ended December 31 on Thursday.

Anil Agarwal-led Cairn India is expected to post a 2 per cent growth in net profit to Rs 3,100 crore for the quarter ended December 31, as compared to Rs 3,041 crore reported in the corresponding quarter of the previous year, according to an ET Now poll.

Net sales are expected to climb to Rs 4,865 crore, up 4.6 per cent, in the third quarter of the financial year 2014, as compared to Rs 4,649 crore reported in the year-ago period, added the ET Now poll.

EBITDA is seen at Rs 3,700 crore, or 6.2 per cent higher, in the third quarter of the financial year 2014, compared to Rs 3,481 crore reported in the year-ago period.

Top five factors to watch for:

Oil production seen at 1,86,000 bbls/day

Company is set to meet target of 2 lk bbls/day guidance

Crude prices and INR/USD fairly stable QoQ

Guidance for FY15 oil production critical

Cairn India may disclose results of field drilling