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Sesa Sterlite reports 15% fall in Q3 consolidated net profit

30 Jan 2015 Evaluate

Sesa Sterlite has reported results for third quarter ended December 31, 2014.

The company has registered a fall of 69.72% in its net profit at Rs 259.38 crore for the quarter under review as compared to Rs 856.49 crore for the same quarter in the previous year. Total income of the company has decreased 3.86% at Rs 8699.08 crore for Q3FY15 as compared Rs 9048.22 crore for the corresponding quarter previous year.

On the consolidated basis the company’s net profit after taxes, minority interest and share of profit / (loss) of associates decline 15.03% to Rs 1587.50 crore for the Q3 FY15 as compared to Rs 1868.29 crore in Q3 FY14. However, the total income increased marginally 0.64% to Rs 20040.97 crore in the quarter under review as compared to Rs 19912.90 crore in the corresponding quarter previous year.

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