Q4FY17 Results : Sterlite Technologies
Nidhi Jani / 26 Apr 2017
Company reported PAT of Rs. 68.81 crore which represents a sequential QoQ increase of 26.42 per cent and a YoY increase of 22.05 per cent.
Sterlite Technologies Ltd. reported its results for the quarter ended March 31, 2017 after market hours on Wednesday. The consolidated numbers were largely positive.
Total sales for this quarter, Q4FY17, came in at Rs. 700.54 crore. This represents 1.96 per cent sequential increase and 15.19 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 117.95 crore and the EBIT margin stood at 16.84 per cent.
In terms of the bottom-line, the company reported PAT of Rs. 68.81 crore which represents a sequential QoQ increase of 26.42 per cent and a YoY increase of 22.05 per cent.
Company's Board of Directors have recommended a final dividend of Rs. 0.75 per equity share having face value of Rs. 2 each.
The company's stock opened at Rs. 154 and touched an intraday low at Rs. 148.1 in today's trade on BSE. It finally closed at Rs. 150.40.
Sterlite Technologies Limited is a manufacturer of power transmission and telecom products . The company operates in two business segments: power transmission and telecom product. The product portfolio of company includes optical fibre, fibre optical cables, structure data cable, OPGW cables and power conductor, telecom system and solution.
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