For the three month period ended March 31, 2008, Sesa Goa Limited has posted an over three-fold growth, as compared to its corresponding period a year-ago.

The mining firm has recorded a profit after tax of Rs 798.3 crore for the quarter ended March 31, 2008 as against Rs 252.33 crore during the corresponding period of the last year.

Total income for the fourth quarter increased to Rs 1,669.97 crore as against Rs 772.38 crore in the year-ago period.

The company has reported a net profit of Rs 1,492 crore for the year ended March 31, 2008, as compared to Rs 606.41 crore during last fiscal year.

The total revenue has increased to Rs 3,672.41 crore from Rs 2,049.44 crore shown in the previous year.

The company’s board at its meeting held on April 28 has
recommended a final dividend of Rs 30 per share (i.e. 300%) on the existing
capital plus interim dividend paid at Rs 15 a share. 

The same amount of final dividend would also be payable to
recipients of company’s shares on approval of merger of Sesa Industries (SIL)
with the company w.e.f. Apr. 01, 2005. 

The board has also recommended sub-division of the equity
shares of the face value of Rs 10 each to the face value of Re 1. Besides, the
board has also sanctioned stock split and issue of a bonus share, of Re 1 each,
for every equity share held in the company. 

The shares of the company, on Tuesday, gained 1.1% to end at
Rs 4,219.90 on the Bombay Stock Exchange (BSE).

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