Sesa Sterlite swung to a profit for the quarter ended June 2014. During the quarter, the company reported a profit of Rs 1,702.40 million compared with a loss of Rs 1,919.20 million in the same quarter last year.
Net sales for the quarter for the quarter rose 19.49 times to Rs 71,358.00 million, compared with Rs 3,662.20 million for the prior year period.
Earnings per share for the quarter stood at Rs 0.57, registering 74.21% decline over previous year period.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 71,358.00 | 3,662.20 | 1848.50 |
| Net Profit | 1,702.40 | (1,919.20) | - |
| Basic EPS | 0.57 | 2.21 | (74.21) |
Shares of the company declined Rs 1.95, or 0.67%, to trade at Rs 290.30. The total volume of shares traded was 544,133 at the BSE (4.00 p.m., Monday).
