Sterlite Technologies Ltd Q3FY17
Consolidated Results Q3FY17: (Rs. in crore)
|EBITDA Margin (%)||19.8||35|
|Net Profit (adjusted)||49||63.3|
Sterlite Technologies Ltd.’s consolidated results for the quarter registered a beat on Reuters estimates. Revenue for the quarter came in 9.7 % higher than the estimated figure of Rs 667.1 crore. Net profit for the quarter came in 65.5 % higher than the estimated figure of Rs 29.6 crore.
Sterlite Technologies Ltd is currently trading at Rs. 110, up by 3.2 points or 3% from its previous closing of Rs. 106.8 on the BSE.
The scrip opened at Rs. 107.6 and has touched a high and low of Rs. 115.25 and Rs. 107.6 respectively. So far 7726247(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.