The company announced the results after market hours on Monday, 23 July 2012.

Meanwhile, the BSE Sensex was up 34.35 points or 0.2% to 16,911.70.

On BSE, 1.42 lakh shares were traded in the counter as against average daily volume of 2.21 lakh shares in the past two weeks.

The stock hit a high of Rs 327.95 and a low of Rs 320.20 so far during the day. The stock had hit a record high of Rs 400.95 on 22 February 2012. The stock had hit a 52-week low of Rs 250 on 26 August 2011.

The stock had underperformed the market over the past one month till 23 July 2012, sliding 1.72% compared with the Sensex's 0.56% fall. The scrip had also underperformed the market in past one quarter, tumbling 6.07% as against Sensex's 1.28% fall.

The large-cap oil exploration firm has equity capital of Rs 1907.91 crore. Face value per share is Rs 10.

Commenting on the results, Mr Rahul Dhir, Managing Director and Chief Executive Officer, Cairn India said, "We have recently crossed the cumulative production milestone of 100 million barrels from the Rajasthan block. This has helped us reduce oil imports by $9 billion and has contributed about $3 billion to the national exchequer. With the support of the Government of India, Government of Rajasthan and our JV partner, ONGC, we are well poised to further explore the potential in the hydrocarbon rich Barmer Basin in Rajasthan, thereby contributing to reduce our nation's crude import dependence".

Cairn India is primarily engaged in the business of oil and gas exploration, production and transportation. The company sells its oil to major refineries in India and its gas to both PSU and private buyers.