The result was announced after market hours yesterday, 29 July 2009.

Meanwhile, the BSE Sensex was up 50.86 points, or 0.34%, to 15224.32.

On BSE, 8.11 lakh shares were traded in the counter as against an average daily volume of 31.59 lakh shares in the past one quarter.

The stock hit a high of Rs 242 and a low of Rs 229.65 so far during the day. The stock had hit a 52-week high of Rs 247.50 on 28 July 2009 and a 52-week low of Rs 60 on 24 November 2008.

The stock had outperformed the market over the past one month till 29 July 2009, rising 27.96% as compared to the Sensex's 2.62% rise. It had also outperformed the market in the past one quarter, soaring 113.67% as against the Sensex rise of 33.06%.

India's biggest private sector iron ore exporter by sales has an equity capital of Rs 82.05 crore. Face value per share is Rs 1.

The current price of Rs 230.35 discounts the company's Q1 June 2009 annualised EPS of Rs 20.68, by a PE multiple of 11.13.

The company said in statement that positive impact of lower input costs, higher volumes and depreciation of the domestic currency was offset by the lower iron ore sales realisations on account of depressed international market conditions.

On a consolidated basis, the net profit fell 33.3% to Rs 422.29 crore on a 23.3% decline in sales to Rs 998.61 crore in Q1 June 2009 over Q1 June 2008. But the figures of the quarter are not comparable, Sesa Goa said

At the end of June quarter, the company's cash and cash equivalents stood at Rs 2,096 crore

In early June this year, Sesa Goa had acquired Goa-based V S Dempo Mining Corporation for Rs 1750 crore in an all-cash deal to boost its output of iron ore. Post acquisition, Sesa Goa got an access to Dempo Group's mining assets and related infrastructure like processing plants, barges, jetties, transhippers and loading capacities at Mormugoa port. Dempo has 19 mining leases spread over 1800 hectares in Goa. Its total reserve is estimated to be 70 million tonne. In the year ended on March 2009, Dempo produced 3.94 million tonnes of iron ore.

Sesa Goa, an iron ore mining company of the Vedanta group, has been involved in iron ore mining, beneficiation and exports. It is also into the manufacture of pig iron and metallurgical coke.