Sesa Goa Q4 FY11 Results : Net profit rises 20.50%

by khalid on 26/04/2011 · 0 comments

Sesa Goa is an iron ore mining company located at Goa, India, which now has been overtaken by Vedanta Resources. The company is India’s largest privately-owned exporter of ore products. The company has achieved a significant rise in consolidated profit and posted a consolidated net profit of Rs 1462 crores in the Q4 FY11 of the current fiscal (FY11), ended in Mar 2011. The company had recorded a net profit of Rs 1213 crores in the corresponding quarter Q4 FY10 of the last fiscal (FY10), ended in Mar 2010. This is an increase of 20.50%.

The company informed the share market (BSE/NSE) that the total income increased by 52.2% to Rs 3793 crores in Q4 FY11 when compared with the same quarter Q4 FY10 of previous year. Net sales was Rs 2506 crores in last year’s same quarter.

The board of directors recommended a final dividend of Rs 3. 50 per share (350% on face value of Rs 1) for the year FY2010-11.

Share’s Data :-
BSE Code : 500295
Market Cap : Rs 28,071.93 Crores
Sesa Goa Ltd. share’s CMP is Rs 323.00 on 26th Apr 2011.

Stay tuned to BelltheBull Blog for more news on Sesa Goa Limited !

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