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Sterlite Technologies’ Q1 FY 14 Profitability at Rs. 85 Crore, up by 16% Over Last Year

Aug. 6, 2013 /PRNewsServices : Sterlite Technologies Limited [BSE: 532374, NSE: STRTECH], a leading global provider of transmission solutions for the telecom and power industries, today announced its results for the quarter ended June 30, 2013. The company posted net revenues of Rs. 758 Crores, with an EBITDA of Rs. 85 Crores and net profit of Rs. 23 Crores. Financial highlights for quarter ended June 30 2013: Sterlite closed Q1FY14 with EBITDA of Rs. 85 Crores on total revenues of Rs. 758 Crores translating into a profitability margin of 11% for this quarter. The telecom business earned revenues of Rs. 291 Crores and EBITDA of Rs. 61 Crores in Q1FY14, while the power business earned revenues of Rs. 453 Crores and EBITDA of Rs. 24 Crores in Q1FY14. International sales revenue of about Rs. 198 Crores (~US$ 36 Million); approximately 26% of net revenues. Standalone Results Quarter Ended Year Ended 13-Jun 13-Mar 12-Jun 13-Mar Net Revenues (Rs Crore) 758 817 866 3,354 Net Revenues (US$ Mn) 138 148 157 610 EBITDA (Rs Crore) 85 72 74 260 PAT (Rs Crore) 23 15 18 47 PAT (US$ Mn) 4 3 3  →
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