SESA GOA LTD = RESULTS OF 1ST QTR = Q1 FY 2011 = EXCELLENT PROGRESS = FY 2011 PROMISING

SESA GOA

LIMITED

FIRST QTR 2011 RESULTS

COMPARISON

SESA GOA LIMITED has performed well in the first quarter of current year (Q1 FY2011). The stand Alone results are compared with Q/E June 2010 and proportionately with full  year FY2009 (stand alone ) results below. The consolidated results of first Qtr are provided in last column.

Net Sales       has increased by 101.8% to Rs.1899 Cr compared to Q1 FY2010(Rs.941 Cr) – and by 65.1% compared to proportionate sales of FY2010 (Rs.4602).. The consolidated net sales for Q1 FY 2011 is Rs.2394 Cr.

Profit from Operations has increased by 149.1% to Rs.1039 Cr – compared to Q1 FY2010 (Rs.417 Cr) – and by 80.8% compared to proportionate OPT of FY2009 of Rs.2299 Cr. The figure for Q1 FY2011 on consolidated basis is  Rs.1440 Cr.

Net Profit  has increased further by 152% to Rs.1026 Cr from Rs.407 Cr in Q1 FY2010 – and by 93.7% compared to proportionate figure of FY 2010 of Rs.2118 Cr. The consolidated figure for Q1 FY2011 is Rs.1305 Cr.

Basic EPS  for Q1 FY2011 is Rs.11.95 compared to Rs.5.17 (increase of 131.1%) in Q1 FY2009 and compared to Rs.26.11 in the whole of FY2010.(an 83.1% proportionate increase in Q1 FY2011). The consolidated EPS for Q1 FY2011 is Rs.15.17. The Face Value of the share is Rs.1.

DIVIDEND declared  is - RS.3.25 Per SHARE

Thus – the results for first quarter are EXCELLENT – by any measure. The Market Price is  Rs.354. The annual EPS (Q1 x 4) likely for  FY2011 is Rs.48.(stand alone).

PE Ratio on the above basis is – 7.38. Even if some price controls are imposed on Iron ore in future – the market is huge for iron ore and hence, the demand is assured and so are the profits.

The Share is a good buy for any Portfolio.

OTHER NEWS ON SESA GOA :

This year in Q1, SESA GOA has sold 5.4 million tonnes or little less than 5.5 million tonnes as against last year’s figure of 4.7 million tonnes. This includes sales from Dempo which was not there last year.

This year, there were also price increases in long term quarters. Second quarter onwards sales may be higher – as  restrictions from Port authorities on the shipments (due to rains etc ) may come down.

RESULTS IN FIGURES

SESAGOA	Jun-10	Jun-09	Dif%1	FY2010	dif%2	Q1 CONSOL
Net Sales	189918	94127	101.8	460233	65.1	239404
Other OptgIncome	1818	1098	65.6	5800	25.4	1904
SIT&WIP	-7113	1549	-559.2	-13097	117.2	-13921
Raw Materials	13892	12442	11.7	51524	7.8	15924
Employees Cost	2852	3181	-10.3	11845	-3.7	4444
Depreciation	1427	1229	16.1	5738	-0.5	1914
Other Expdr	76733	35099	118.6	180082	70.4	88898
Total ExpDR	87791	53500	64.1	236092	48.7	97259
Profit.Operations	103945	41725	149.1	229941	80.8	144049
Other Income5	15063	7281	106.9	40945	47.2	16094
P B I%EI	119008	49006	142.8	270886	75.7	160143
Interest6	1357	195	595.9	5077	6.9	1374
P A I B B E I	117651	48811	141	265809	77	158769
P B T	117651	48811	141	265809	77	158769
Tax expense	15100	8117	86	54000	11.9	28319
P A T	102551	40694	152	211809	93.7	130450
Extrao.Items	-	-		-		-
Net Profit	102551	40694	152	211809	93.7	130450
						130179
Dividend (%)	-	-		-		-
Face Value	1	1	0	1		1
Paid Up Equity	8597	7872	9.2	8310		8597
Reserves	-	-		712561		-
Basic EPS A EI	11.95	5.17	131.1	26.11	83.1	15.17
Public holding (%)	44.27	46.9	-5.6	42.97		44.27

ANNOUNCEMENTS

TO THE EXCHANGE

20-07-2010        Sesa Goa Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on July 19, 2010 has approved: (1) Mr. Jagdish Pal Singh has been appointed as an Additional Director of the Company with effect from July 19, 2010.(2) The Validity of Scheme of Amalgamation of Sesa Industries Limited with Sesa Goa Limited has been extended upto October 31, 2010.    -

20-07-2010        Sesa Goa Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 189918 lacs for quarter ending on 30-JUN-2010 against Rs. 94127 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 102551 lacs for the quarter ending on 30-JUN-2010 against Rs. 40694 lacs for the quarter ending on 30-JUN-2009. -

20-07-2010        Sesa Goa Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 239404 lacs for quarter ending on 30-JUN-2010 against Rs. 99861 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 130179 lacs for the quarter ending on 30-JUN-2010 against Rs. 42229 lacs for the quarter ending on 30-JUN-2009.       -

18-05-2010        Sesa Goa Limited has informed the Exchange that the Committee of Board of Directors, at its meeting held on May 17, 2010, allotted 15,49,813 equity shares of Re.1/- each under distinctive numbers from 85,81,52,747 to 85,97,02,559 (both numbers inclusive) as per requests received for conversion of FCCBs from bondholders. The paid-up equity share capital of the Company would stand at Rs. 85,97,02,559/- consisting 85,97,02,559 equity shares of Re.1/- each after the approval of the allotment.

23-04-2010        Sesa Goa Limited has informed the Exchange that the Committee of Board of Directors, at its meeting held on April 23, 2010, allotted 1,83,76,377 equity shares of Re.1/- each under distinctive numbers from 83,97,76,370 to 85,81,52,746 (both numbers inclusive) as per requests received for conversion of FCCBs from bondholders. The paid-up equity share capital of the Company would stand at Rs. 85,81,52,746 consisting 85,81,52,746 equity shares of Re.1/- each after the approval of the allotment.

20-04-2010        Sesa Goa Ltd. has informed the Exchange that the Board of Directors at their meeting held on April 19, 2010 has approved: i) Recommendation of Dividend of Rs.3.25 per equity share for the year 2009-10 on the enhanced number of shares. The same amount of Dividend would also be payable to recipients of Company's shares on approval of merger of Sesa Industries Limited (SIL) with the Company.       -

05-04-2010        Sesa Goa Ltd. has informed the Exchange that the Committee of Board of Directors, at its meeting held on April 05, 2010, allotted 88,14,567 equity shares of Re.1/- each under distinctive numbers from 83,09,61,803 to 83,97,76,369 (both numbers inclusive) as per requests received for conversion of FCCBs from bondholders. The paid-up equity share capital of the Company would stand at Rs. 83,97,76,369 consisting 83,97,76,369 equity shares of Re.1/- each after the approval of the allotment.

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