Sesa Goa Q4 profit up at Rs 1,215 cr, declares 325% dividend

NEW DELHI: Vedanta Group company Sesa Goa today said its net profit stood at Rs 1,215.1 crore for the quarter ended March 31, 2010. (Watch)

The company had a net profit of Rs 548 crore for the fourth quarter ended March 31, 2009, Sesa Goa said in a statement.

The board has recommended a dividend of 325 per cent that is Rs 3.25 per share for 2009-10, it said.

During 2009-10, the company posted a net profit of Rs 2,629.1 crore compared to Rs 1,988.1 crore in the previous fiscal.

The company has posted a total income of Rs 2,813 crore for the March quarter, while it had a total income of Rs 1,584 crore in the same quarter previous fiscal.

On annual basis the turnover of the company stood at Rs 6,659 crore compared to Rs 5,302 crore during 2008-09.

Besides the company informed that the pig iron plant capacity to 625 kpta and the associated expansion of the metallurgical coke plant capacity to Rs 560 kpta are progressing well, for schedule commissioning by the first quarter ub 2011-12.