Thu,July 21, 2011 |Press Trust of India
Mumbai: Iron ore producer and exporter Sesa Goa today announced a consolidated net profit of Rs 840.59 crore in the first quarter ended June 30, 2011.
The Vedanta Group company had a consolidated net profit of Rs 1,301.79 crore in the June quarter last fiscal, Sesa Goa said in a filing with the Bombay Stock Exchange (BSE).
The results were not comparable consequent to merger of erstwhile subsidiary Sesa Industries with the company, it said.
The group posted consolidated total income of Rs 2,260.95 crore in the quarter under review whereas the same was at Rs 2,574.02 crore during the same period previous year, it said.
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 ended June 30, 2011 are therefore not comparable with those or the corresponding quarter of the previous period on standalone basis.
For the three-month period ended June 30, 2011, it earned a standalone net profit of Rs 672.98 crore whereas the same was Rs 1,025.51 crore in the June quarter previous year.
Its standalone total income stood at Rs 1,831.68 crore in the period under review whereas the same was Rs 2,067.99 crore during the same period last fiscal.
Shares of the company closed at Rs 278.05, down 2.63% from previous close on the BSE.
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