Sterlite Technologies consolidated revenue for the quarter came in at Rs. 716 crore, registering 27% yoy increase. With positive shifts in technology, national policies and consumption patterns for the creation of smarter broadband infrastructure, this quarter saw optical fibre demand showing a consistent upward trend in the global markets. This reflected with healthy increase in exports at 43% of revenues.
EBITDA for the quarter rose by 37.5% yoy to Rs. 157.05 crore with a corresponding margin expansion of 167 bps. EBITDA margin for the quarter stood at 21.9%.
The PAT for the quarter came in at Rs. 69 crore, yoy increase of 66.2%. This was due to 10.5% yoy decrease in finance cost.
Company has registered its highest ever quarterly revenues driven by strong order book and export sales. The Company reported the highest ever quarterly export sales of Rs 320 crore and highest order book of Rs 3,140 crore at the end of this quarter.
Sterlite Technologies Ltd is currently trading at Rs. 168.05, up by 9.95 points or 6.29% from its previous closing of Rs. 158.10 on the BSE.
The scrip opened at Rs. 159.60 and has touched a high and low of Rs. 170.50 and Rs. 159.40 respectively. So far 37,72,218(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
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