Cairn India Ltd's PAT breakeven point for its Indian operations seems to be $34/bbl and now that the price has dipped well below this mark, everything else being equal, the company would not end up with a loss in Q4, 2015-16.
8At this level of crude price in Q3, the company's cash flow was positive, with an EBITDA of Rs 665 crore, but profit after tax was a mere Rs 9 crore.
8There is now little scope for cost cutting as the..http://goo.gl/WNluOb
Click on the following links for more on this story:
Cairn India: Company should put off development plans
Cairn India: Agarwal calls for government "protection" but he should instead look inwards to secure his investments
Cairn India: Positive developments overwhelmed by the oil price crisis
Cairn India: Is the world's largest polymer flooding programme pumping carcinogens into the heart of Rajasthan?
8At this level of crude price in Q3, the company's cash flow was positive, with an EBITDA of Rs 665 crore, but profit after tax was a mere Rs 9 crore.
8There is now little scope for cost cutting as the..http://goo.gl/WNluOb
Click on the following links for more on this story:
Cairn India: Company should put off development plans
Cairn India: Agarwal calls for government "protection" but he should instead look inwards to secure his investments
Cairn India: Positive developments overwhelmed by the oil price crisis
Cairn India: Is the world's largest polymer flooding programme pumping carcinogens into the heart of Rajasthan?
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