Sesa Sterlite reports Rs 1,868 cr net profit in Q3
New Delhi: Vedanta group firm Sesa Sterlite reported a consolidated net profit of Rs 1,868.29 crore for the quarter ended December 31, 2013. The company, previously known as Sesa Goa, had reported a net profit of Rs 496.73 crore in the corresponding period of the previous fiscal. During the quarter, its net sales stood at Rs 19,414.34 crore as against Rs 229.79 crore of the Q3FY’13, it said in a filing to the BSE. Results of the company, however, are not comparable due to merger of Sterlite Industries, Sterlite Energy, Ekaterina Ltd, Madras Aluminium and Vedanta Aluminium into itself, it added. The merger had become effective in August last year.
JSW Steel reports Q3 net of Rs 466.49 crore
Mumbai: Riding on a 51 per cent jump in sales, JSW Steel reported a consolidated net profit of Rs 466.49 crore for the quarter ended December 31. The company, led by Sajjan Jindal, had posted a net loss of Rs 73.70 crore in the corresponding period of the previous financial year. Net sales climbed to Rs 13,383.38 crore from Rs 8,866.20 crore a year earlier as export of steel products more than doubled, JSW Steel said in a filing to the BSE.