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Sesa Goa reports 57% decline in Q1FY14 consolidated net profit

29 Jul 2013 Evaluate

Sesa Goa has reported results for the first quarter ended June 30, 2013.

The company reported net loss for the quarter at Rs 191.92 crore as compared to net profit of Rs 227.66 crore for the corresponding quarter of previous fiscal. Company’s total income has decreased by 75.47% at Rs 370.82 crore for the quarter under review from Rs 1511.76 crore for the June quarter of the previous fiscal.

On consolidated basis, the Group’s net profit declined by 57.02% at Rs 414.30 crore for the quarter ended June 30, 2013 against Rs 963.97 crore for the quarter ended June 30, 2012. Total income decreased by 78.04% at Rs 383.74 crore for the quarter against Rs 1747.72 crore for the first quarter of previous year.

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