OREANDA-NEWS. Sesa Sterlite Limited (“Sesa Sterlite” or “the Company”) today announced its unaudited consolidated results for the second quarter (Q2) ended 30 September 2013.

Merger of Sterlite Industries (India) Limited and Sesa Goa Limited, and consolidation of Vedanta Group completed; merged company named “Sesa Sterlite Limited”

Operational Performance

Record oil & gas production

Increased production of refined zinc, lead and silver at Zinc India

Strong volume and cost performance at aluminium operations

Financial Performance*:

Revenue of Rs. 25,166 crore; Proforma Revenue of Rs. 18,026 crore

EBITDA of Rs.7,224 crore; Proforma EBITDA of Rs. 6,955 crore

Attributable PAT of Rs.2,394 crore; Proforma Attributable PAT of Rs.1,402 crore

Interim dividend of Rs. 1.50 per share

*Proforma numbers represents consolidation of financials of all the businesses for the full period irrespective of the effective dates of merger / stake transfer and also one time impact of the adjustment & accelerated amortisation at Lisheen mine. Please refer to explanation in consolidated financial performance section.

Mr. Anil Agarwal, Chairman: “The merger of Sterlite Industries and Sesa Goa has created one of the world's largest global diversified natural resources companies. Sesa Sterlite is the Indian flagship of our group and with its world class assets, efficient operations and our strong track record, we are well placed to deliver superior returns for shareholders.

Despite volatile commodity prices and temporarily suspended iron ore operations at Goa and Karnataka, the company has delivered a strong operational and financial performance during the quarter, with production growth at our Oil & Gas, Zinc and Aluminium businesses. We expect to recommence mining in Karnataka soon and are hopeful that the Goa mining suspension will be resolved by the Supreme Court soon, which will be helpful for the government exchequer and the local economy.”