>CAIRN INDIA LIMITED (INDIA INFOLINE)

■ First full quarter of crude oil production from Rajasthan field translates into 135% yoy growth in revenues.

■ Realization for crude oil was higher by 42% yoy, while that of natural gas was up 12.5% yoy.

■ OPM jumps 25ppts yoy on account of higher inventory available of crude oil for sales

■ Higher exploration write-offs, increase in interest costs and lower other income restrict net profit growth

■ Rajasthan sales volume ramp up slower than our earlier estimates, lowering estimates and factoring DCF value.

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