Sesa Goa's Q3 Consolidated Net Tumbles 35% (27-Jan-2012)
Sesa Goa has reported results for its third quarter ended December 31, 2011.
The company has posted a fall of 56.09% in its net profit of Rs 370.54 crore for the quarter ended December 31, 2011 as compared to Rs 843.92 crore for the same quarter in the previous year. Total income has increased by 12.34% from Rs 1,810.07 crore for Q3FY11 to Rs 2,033.40 crore in the quarter under review.
On the consolidated basis the group has posted a drop of 35.09% in its net profit to Rs 691.52 crore for the quarter ended December 31, 2011 as compared to Rs 1065.29 crore in the same quarter last year. Total Income of the company improved by 10.88% to Rs 2,635.09 crore for the quarter compared to Rs 2,376.50 crore in the quarter, year ago.
Consequent to merger of erstwhile subsidiary Sesa Industries, the figures of the Pig Iron segment were incorporated in the company's results on standalone basis from the quarter ended March 31, 2011. The figures for the quarter and nine months ended December 31, 2011 are therefore not comparable with those of the corresponding quarter and nine months of the previous period on standalone basis.
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