Sesa Sterlite PAT Falls 11% to Rs 1,587 cr

Published: 30th January 2015 06:01 AM  |   Last Updated: 30th January 2015 06:01 AM   |  A+A-

CHENNAI: Falling oil and gas prices, coupled with slight dip in copper and zinc prices, have resulted in Sesa Sterlite registering a 11 per cent fall in PAT for the quarter ended December 2014.

According to the consolidated financial results released by the company on Thursday, it has registered a PAT of Rs 1,587.50 crore as against Rs 1,780 crore for the same period last year. Its revenue also dipped slightly from Rs  19,414 crore last year to Rs 19,128 crore.

The decline in PAT is due to the fall in the company’s oil and gas business, which has taken a significant hit due to the ongoing fall in oil prices.  Revenue was also affected by the decline in the prices of copper, zinc, lead and silver, which have in turn been partially offset by higher production volumes in aluminum and zinc.

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp