Sterlite Technologies Ltd's Q3FY17 consolidated net profit rises 63.3% yoy to Rs 49 crore: Beats Estimates

India Infoline Research Team | January 18, 2017 14:11 IST

Sterlite Technologies Ltd Q3FY17

Consolidated Results Q3FY17: (Rs. in crore)

Q3FY17 YoY (%)
Revenue 732 22.8
EDITDA 145 25.0
EBITDA Margin (%) 19.8 35
Net Profit (adjusted) 49 63.3
***EBITDA margin change is bps

Sterlite Technologies Ltd. reported its Q3FY17 results during market hours.

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 consolidated revenue for the quarter came in at Rs 732 crore, registering a 22.8% YoY increase. This was primarily driven by robust organic growth in international business (exports up 74% yoy). Also, the company achieved highest ever fibre volumes. It exited Q3 with optical fibre sales at annualised run rate of over 27 million fkm.
EBITDA for the quarter rose by 25% YoY to Rs 145 crore with a corresponding margin expansion of 35 bps. EBITDA margin for the quarter stood at 19.8%.
The PAT for the quarter came in at Rs. 49 crores, a YoY increase of 63.3%. An 8.1% decline in interest cost aided PAT growth.
Company registered highest ever order booking in a quarter of Rs 1,000 crore in the product business. The ROCE of the business stood at 22% and ROE at 25%.

Technical View:

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.

BSE 267.35 4.85 (1.85%)
NSE 267.45 4.75 (1.81%)

***Note: This is a NSE Chart

Tags Sterlite Technologies Ltd Sterlite Technologies Ltd Q3FY17 net profit revenue income operating profit OPM Cable Cable Others equity quarterly results earnings Q3FY17 Results Sterlite Technologies Ltd net profit Sterlite Technologies Ltd net profit Company net profit Sterlite Technologies Ltd revenue Sterlite Technologies Ltd Operating profit Sterlite Technologies Ltd Operating margin Sterlite Technologies Ltd net profit result expectations result commentary financial information quarterly results Sterlite Technologies Ltd Quarterly results View Sterlite Technologies Ltd quarterly results Financial Statement Sterlite Sterlite Technologies


  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.