Sterlite Industries, the parent company of Vedanta Group, has posted a fall of 28% in its consolidated net profit during the second quarter ended September 30, 2009.
In the quarter under review, the company has reported a net profit of Rs 1,240.33 crore.
In a filing to Bombay Stock Exchange (BSE), representatives of Sterlite Industries stated that company’s total income dropped to Rs 6,129.06 crore during the July-September quarter of the current financial year, from Rs 6,810.99 crore in the year ago period.
On standalone basis, Sterlite has recorded a net profit of Rs 209.51 crore during the second three month period. Total income also dropped to Rs 3,838.74 crore during the said period, from Rs
3,940.40 crore in the comparable period a year before.
The sources informed that company’s consolidated cash, cash equivalents and liquid investments at the end of September 30 stood at Rs 24,213 crore.
Sterlite Industries is India-based major non-ferrous metals and mining company.
Shares of Sterlite closed at Rs 746.10, down 1.96 per cent over previous close on the Bombay Stock Exchange (BSE).
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