Sesa Sterlite has reported results for second quarter ended September 30, 2014.
The company has registered 25.24% rise in its net profit at Rs 923.79 crore for the quarter under review as compared to Rs 737.63 crore for the same quarter in the previous year. However, total income of the company has decreased 17.89% at Rs 9759.75 crore for Q2FY15 as compared Rs 11885.96 crore for the corresponding quarter previous year.
On consolidated basis, the company’s net profit after taxes and minority interest for the quarter under review decreased 32.37% at Rs 1619.29 crore against Rs 2394.37 crore in the September quarter of previous fiscal. The company’s total income has decreased by 21.98% at Rs 20495.46 crore for the quarter from Rs 26270.72 crore in the similar quarter of previous year.
The Scheme of Amalgamation and Arrangement amongst Sterlite Energy (SEL), Sterlite Industries (India) (Sterlite), Vedanta Aluminium (VAL), Ekaterina, Madras Aluminium Company (Malco) and the Company (the Scheme) had been sanctioned by the Honorable High Court of Madras and the High Court of Judicature of Bombay at Goa. The Scheme had been given effect to in the quarter ended September 30, 2013. Consequent to the effectiveness of the Scheme as above, the results for the quarter ended September 30, 2014 and the figures in respect of earnings per share, are not comparable with previous corresponding period presented.
| Company Name | CMP |
|---|---|
| Hindalco | 1038.95 |
| Vedanta | 787.60 |
| Hindustan Zinc | 592.35 |
| Jain Resource Recycl | 420.90 |
| Gravita India | 1639.80 |
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