BackSesa Goa Q3 net rises to Rs827 cr
Sesa Goa Q3 net rises to Rs827 cr
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Mumbai: Vedanta Group company Sesa Goa on Tuesday said its consolidated net profit stood at Rs827.5 crore for the quarter ended 31 December 2009.
The company had a net profit of Rs470.7 crore for the third quarter ended 31 December 2009, Sesa Goa said in a filing to the Bombay Stock Exchange.
“In June 2009, the company has acquired V S Dempo and its subsidiary Dempo Mining. The results are inclusive of results for the above mentioned firms. Pursuant to which, the results for the quarter ended December 31, are not comparable with the corresponding figures of the previous quarter," the filing added.
The company has posted a total income of Rs2,021.6 crore for the December quarter, while it had a total income of Rs1,420.6 crore in the same quarter previous fiscal.
On the standalone basis, the firm posted a net profit of Rs607.7 crore for the December quarter, while it had a net profit of Rs462.9 crore in the same quarter a year ago.
Besides the company has informed that it has “extended the validity of scheme of amalgamation of Sesa Industries with Sesa Goa Ltd up to April 30, 2010".
Shares of Sesa Goa were trading at ₹ 415.10 on the BSE, up 1.24% from its previous close.
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