Cairn India posted a 5% increase in revenues QoQ to Rs. 2,149 crore for its third quarter, and a net profit of Rs. 604 crore. While the company got a big bump in net profits compared to last year's Q3, QoQ net profit was down 22% due to forex loss from rupee depreciation.

Cairn says it is seeing improved outputs from the Mangala oilfields with the help of polymer injections. The company's price realization has risen QoQ, from $41.8/boe in Q2 to $46/boe in Q3.  Total gas sales were however down. Cairn India says that gas sales from its Raageshwari Deep Gas field are "temporarily suspended due to a technical issue" between the transporter and the buyers. 

The proposed merger of Vedanta Limited and Cairn India was approved by both company shareholders, and Cairn expects the merger to be completed in the first few months of the year.