Sesa Goa - Q2 FY13 Results First Cut - Microsec

Sesa Goa announced its Q2FY13 results on 26th October, 2012.

The company's net sales arrived at INR288.49 crore, which was down significantly by 63.21% and 83.28% on YoY and QoQ basis, respectively. Revenue on QoQ basis was significantly down, because of 87.5% drop in production of iron ore in Goa. Sales of Iron ore was 0.2MT in Q2FY13 as compared to 1.6MT in Q1FY13. The production was affected due to Goa's state govt. order of temporary suspension on extraction of iron ore in Goa from 11th September, 2012. The EBITDA for the quarter was INR5.81 crore, which was down by 95.57% and 98.69% on YoY and QoQ basis, respectively. The EBITDA margin was down by 1464bps and 2365bps on YoY and QoQ basis, respectively. The company posted net profit of INR522.04 crore, which was drastically up on YoY basis, due to other income of INR202.69 crore. On QoQ basis, the net profit was down by 45.84%.

Source : Equity Bulls

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