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Sesa Goa reports 74% fall in Q4 consolidated net profit

29 Apr 2013 Evaluate

Sesa Goa has reported results for the fourth quarter & year ended March 31, 2013.

The company has reported net loss after taxes of Rs 174.93 crore in Q4FY13 as compared to net profit of Rs 648.21 crore in the same quarter previous year. The total income from operation of the company plunged by 85.75% to Rs 290.58 crore as compared to Rs 2039.76 crore in corresponding quarter last year.

On the consolidated basis, the group has reported a fall of 74.40% in its net profit after taxes and share of Profit / (Loss) of Associates at Rs 297.51 crore in quarter under review as compared to Rs 1162.11 crore in same period previous year. Total income from operation on consolidated basis has declined by 89.59% to Rs 290.87 crore as against Rs 2794.37 crore in a year ago period.

For the full year, the company has reported a net profit after exceptional item of Rs 120.77 crore for the year ended March 31, 2013, a fall of 92.81% as compared to Rs 1679.94 crore for the year ended March 31, 2012. Total income has increased to Rs 2187.92 crore in FY13 from Rs 6513.45 crore in FY12, down by 66.41%.

On the consolidated basis, the group has registered 15.41% fall in net profit at Rs 2280.25 crore in FY13 as against Rs 2695.50 crore in previous year. The total income of the company has increased to Rs 2554.42 crore as compared to Rs 8310.06 crore in FY12, down by 69.26%.

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