Cairn India on Wednesday reported an 18 per cent rise in its March quarter net profit as crude oil production from its showpiece Rajasthan fields soared.Net profit in the January-March quarter rose to Rs 3,035 crore, or Rs 15.85 per share, fromRs 2,564 crore, or Rs 13.41 a share, a year ago, the company said in a statement here.
Sales climbed 16 per cent to Rs 5,049 crore. Cairn declared a final dividend of Rs 6.50 per share for the year ended March 31, 2014.Oil production from its Rajasthan fields rose 12 per cent to 189,304 barrels per day in the fourth quarter."Cairn successfully achieved its target FY13-14 exit rate of production from Rajasthan of 200,000 barrels of oil equivalent per day (boepd)," the statement said.