Sesa Goa Limited announced audited consolidated and standalone earnings and operating results for the fourth quarter and year ended March 31, 2013. For the quarter on consolidated basis, reported loss from operations before other income, finance costs and exceptional items of INR 1,760.3 million compared to profit from operations before other income, finance costs and exceptional items of INR 12,341.4 million a year ago. Loss from ordinary activities before tax was INR 3,047.2 million compared to profit from ordinary activities before tax of INR 10,811.1 million a year ago. Net sales were INR 2,910 million compared to INR 27,910 million a year ago. Cash loss was INR 2,060 million compared to cash profit of INR 11,100 million a year ago. Net loss was INR 2,150 million or INR 3.47 per diluted share compared to net profit of INR 6,960 million or INR 13.37 per diluted share a year ago. For the year, on consolidated basis, reported profit from operations before other income, finance costs and exceptional items of INR 2,679.9 million compared to INR 33,939.2 million a year ago. Loss from ordinary activities before tax was INR 1,739.7 million compared to profit from ordinary activities before tax of INR 31,291.5 million a year ago. The company’s cash profit declined to INR 0.23 billion from INR 32.35 billion in the previous year on account of suspension of iron ore operations. Net sales were INR 25,540 million compared to INR 82,750 million a year ago. Net loss was INR 1,310 million or INR 26.24 per basic and diluted share compared to net profit of INR 21,080 million or INR 31.01 per basic and diluted share a year ago. For the quarter, on standalone basis, reported total income from operations (net) of INR 2,905.8 million compared to INR 20,397.6 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1,209.0 million compared to profit from operations before other income, finance costs and exceptional items of INR 8,918.1 million a year ago. Loss from ordinary activities before tax was INR 2,517.1 million compared to profit from ordinary activities before tax of INR 9,222.1 million a year ago. Net loss from ordinary activities after tax was INR 1,749.3 million or INR 2.01 basic and diluted per share compared to profit from ordinary activities after tax of INR 6,482.1 million or INR 7.46 basic and diluted per share a year ago. For the year, on standalone basis, reported total income from operations (net) of INR 21,879.2 million compared to INR 65,134.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,939.4 million compared to INR 25,207.0 million a year ago. Profit from ordinary activities before tax was INR 569.9 million compared to INR 24,209.4 million a year ago. Net profit from ordinary activities after tax was INR 1,207.7 million or INR 1.39 basic and diluted per share compared to INR 16,799.4 million or INR 19.33 basic and diluted per share a year ago. For the quarter, the company reported pig iron production of 104,000 tones against 59,000 tones a year ago. Met coke production was 94,000 tones against 64,000 tones a year ago. Production of pig iron and metallurgical coke were 75% and 48% higher, respectively, due to the new capacities commissioned in the second quarter of fiscal year 2013. For the year, the company reported pig iron production of 308,000 tones against 249,000 tones a year ago. Met coke production was 331,000 tones against 257,000 tones a year ago. Pig Iron sales were 275,000 tones against 251,000 tones a year ago. The board of directors of Sesa Goa Limited has recommended a dividend of 10% that is INR 0.1 per share on equity share of INR 1.00 each. The payment is subject to the approval of the shareholders in its annual general meeting which will be held on June 27, 2013 and the dividend shall be paid/despatched on or before July 25, 2013.

Sesa Goa Limited announced that with effect From 01 April 2013 Amit Pradhan is appointed as wholetime director of the company with effect from 01 April 2013 to 31 March 2015.

Sesa Goa Limited announced that they will report Q4, 2013 results on Apr 27, 2013