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Sterlite Q2 net up 75%

Net sales were up 8.82 per cent at Rs 11,028.92 crore during the quarter,vis-a-vis Rs 10,134.94 crore of the July-September

Written by Press Trust Of India | Mumbai | Published: October 24, 2012 1:21 am

Vedanta group firm Sterlite Industries has reported 74.62 per cent jump in consolidated net profit of Rs 1,742.69 crore for the July-September quarter,aided by forex gains and lower losses at its associate firm,Vedanta Aluminium. It had reported net profit of Rs 997.98 crore in the same quarter last fiscal.

Net sales were up 8.82 per cent at Rs 11,028.92 crore during the quarter,vis-a-vis Rs 10,134.94 crore of the July-September quarter of 2011-12,Sterlite said in a filing to the BSE. Net profit was boosted by forex gain of Rs 218.82 crore. Besides,the company saw 25 per cent decline in its finance cost to Rs 177.71 crore during the quarter.

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