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Sterlite Technologies quarterly net profit up 22%

Sterlite Technologies Limited announced its results for the quarter ended June 30,2010.

Written by Agencies | Pune | Published: July 19, 2010 6:50:34 pm

Sterlite Technologies Limited announced its results for the quarter ended June 30,2010.

Financial highlights for quarter ended June 30 2010

– Sterlite closed Q1FY11 with revenues of Rs. 492 Crores,which is a growth of 13% over that in Q1FY10.

– EBITDA and net profit for the quarter were Rs. 88 Crores and Rs 56 Crores respectively.

– The company maintained operating profitability at 18%.

– Net profit growth of 22% over Q1 of the last fiscal.

– The Company’s optical fiber and fiber optic cables business segments have shown good volume growth as a result of

expanded capacities coming online during the quarter.

– Revenue from international sales during the quarter accounts for Rs. 111 Crores,which is 22% of net revenues. Good Tier-1

clients added for all businesses,across geographies.

– The power business earned revenues of Rs. 340 Crores in Q1FY11; a growth of 15% year-on-year.

– The telecom business earned revenues of Rs. 152 Crores in Q1FY11; a growth of 9% year-on-year.

– At the start of Q2FY11,the Company has a strong order book of over Rs 2,600 Crores (US$ 580 Million) as compared to

order book of Rs 1,600 Crores ( US$ 356 Million) at the end of Q1 FY10.

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