Sesa Goa Ltd: Announces Q4 & FY11 results

Sesa Goa Ltd has announced the following results for the quarter & year ended March 31, 2011:

The Unaudited results for the Quarter ended March 31, 2011

The Company has posted a net profit of Rs 12103.80 million for the quarter ended March 31, 2011 where as the same was at Rs 9643.30 million for the quarter ended March 31, 2010. Total Income is Rs 32407.30 million for the quarter ended March 31, 2011 where as the same was at Rs 19252.50 million for the quarter ended March 31, 2010.

The Audited results for the Year ended March 31, 2011

The Company has posted a net profit of Rs 34328.00 million for the year ended March 31, 2011 where as the same was at Rs 21180.90 million for the year ended March 31, 2010. Total Income is Rs 80082.80 million for the year ended March 31, 2011 where as the same was at Rs 49478.70 million for the year ended March 31, 2010.

The Consolidated Results are as follows:

The Unaudited consolidated results for the Quarter ended March 31, 2011

The Group has posted a net profit after minority interest of Rs 14617.60 million for the quarter ended March 31, 2011 as compared to Rs 12128.70 million for the quarter ended March 31, 2010. Total Income has increased from Rs 24925.50 million for the quarter ended March 31, 2010 to Rs 37926.30 million for the quarter ended March 31, 2011.

The Audited consolidated results for the Year ended March 31, 2011

The Group has posted a net profit after minority interest of Rs 42224.50 million for the year ended March 31, 2011 as compared to Rs 26291.30 million for the year ended March 31, 2010. Total Income has increased from Rs 61623.50 million for the year ended March 31, 2010 to Rs 97450.10 million for the year ended March 31, 2011.


Pursuant to the scheme of amalgamation approved by the Hon'ble Supreme Court of India vide its order dated February 07, 2011 by setting aside the judgement dated February 21, 2009 delivered by a Division Bench of the High Court of Bombay at Goa and restoring the Judgement of the learned single Judge dated December 18, 2008, the entire undertaking and business of the subsidiary, Sesa Industries Ltd (SIL) stand transferred to and vests with Sesa Goa Ltd from the appointed date April 01, 2005. Consequently the figures of the Pig Iron segment for the full year ended March 31, 2011 were incorporated in the company's results in the quarter ended March 31, 2011. The figures for the quarter and year ended March 31, 2011 are therefore not comparable with those of the corresponding quarter and year of the previous period on stand alone basis.Read More