Cairn India, engaged in the business of exploration and production of oil and gas, reported 23.07% rise in the consolidated net profit for the quarted ended Dec. 31, 2009.

Net profit stood at Rs 2,909.6 million for the quarter ending on Dec.31, 2009 against Rs 2,364.2 million for the quarter ending on Dec. 31, 2008.

Its net sales of Rs 4954.6 million for quarter ending on Dec. 31, 2009 against Rs 2108.2 million for the same quarter in the previous year, registering 2.35 times growth.

Shares of the company gained Rs 2.8, or 1.05%, to settle at Rs 270.45. The total volume of shares traded was 329,996 at the BSE (Thursday).